510 Joel Austin Road

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510 Joel Austin Road

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 located in Cairo, New York.
  • Property situated at 510 Joel Austin Road, 12413.
  • Asset type classified specifically as an apartment building.
  • Positioned within the scenic Greene County regional market.
  • Suitable for investors targeting local residential rental demand.

What's Special

510 Joel Austin Road is a multifamily apartment building situated in Cairo, New York. This property provides residential space in a region known for its proximity to the Catskill Mountains, a popular destination that supports local tourism and a steady demand for regional housing options. The surrounding area in Greene County serves as a gateway to outdoor recreation, attracting both long-term residents and seasonal visitors looking for accessible living arrangements in a scenic environment. Multi-unit residential properties in this submarket often cater to individuals working in the service, hospitality, or local trade sectors. Investors may find this asset useful for generating consistent rental income given the stable population base within the Hudson Valley region. The location offers straightforward connectivity to nearby thoroughfares, facilitating travel for commuters heading toward larger economic hubs or local community centers. Prospective buyers should evaluate the site's layout and local demand metrics to determine its potential for repositioning or continued operations within the current portfolio strategy.

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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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