408 Mountain Avenue

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408 Mountain Avenue

Cairo, NY 12413
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Cairo, New York.
  • Property located on Mountain Avenue with easy regional transit access.
  • Situated in the growing Greene County housing and rental market.
  • Ideal asset for investors targeting the Upstate New York sector.
  • Well-suited for continued operation as a residential apartment complex.

What's Special

Cairo serves as a gateway to the northern Catskill Mountains, providing a scenic setting for this multifamily asset at 408 Mountain Avenue. This apartment building sits within a growing region of Greene County, characterized by a mix of local residential demand and seasonal tourism activity. The property is well-positioned for investors looking to capture the ongoing housing needs of the local workforce and residents seeking the quality of life associated with the Hudson Valley periphery. Access to state highways facilitates regional travel throughout the county and neighboring towns, making it a functional choice for commuters. Given the current configuration, this building provides a stable opportunity for multifamily operations in an established community. The layout accommodates residential leasing requirements and offers long-term potential for those looking to expand their portfolio within the Upstate New York market, where demand for rental housing remains steady among diverse demographic groups.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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