52 Bowman Road

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52 Bowman Road

Chatham, NY 12037
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).

  • Located within the town of Chatham, New York
  • Multifamily apartment building with two residential units
  • Asset positioned for stable long-term rental income
  • Located in a scenic Columbia County submarket
  • Property is currently available for investment acquisition

What's Special

Chatham serves as a historic hub within Columbia County, providing residents with a quiet, scenic environment while maintaining proximity to major regional transit routes. The local multifamily market benefits from a steady demand for rental housing driven by commuters and those seeking a small-town lifestyle in the Hudson Valley area. This property at 52 Bowman Road features two distinct residential units, making it an appropriate acquisition for an investor looking for a manageable addition to a local portfolio. The asset type allows for stable occupancy models, whether positioned as long-term rentals for local professionals or secondary residences for those drawn to the regional lifestyle. The building is well-situated for those who require efficient access to the surrounding community amenities and regional road networks. This apartment building represents a straightforward entry point or expansion opportunity in a consistent suburban market.

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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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