579 Main Street

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579 Main Street

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).

  • Four-unit multifamily apartment building available for purchase
  • Located at 579 Main Street in Cairo, New York
  • Functional asset situated in the Catskill Mountains region
  • Well-suited for investors pursuing residential rental opportunities
  • Positioned within a growing rural-suburban New York market

What's Special

Investors seeking a stabilized multifamily asset in Cairo, New York, will find this four-unit apartment building at 579 Main Street a practical addition to a residential portfolio. The property provides consistent rental housing options within a quiet community located in the Catskill Mountains region, an area that has seen steady demand for workforce and long-term rental housing. Its current configuration allows for immediate management of residential tenancies in a region characterized by a balance of natural landscape and local economic growth. This apartment building represents a manageable scale for regional investors looking to capitalize on the sustained need for housing in upstate New York. The site maintains a strategic position in a region known for its proximity to outdoor recreation and regional transport routes. Given the established nature of the local market, this property serves as a functional vehicle for those looking to expand their footprint in a stable rural-suburban corridor.

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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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