584 Albany Turnpike

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584 Albany Turnpike

Chatham, NY 12136
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 acquisition in Chatham, New York.
  • The residential property contains a total of three individual units.
  • Located at 584 Albany Turnpike within the upstate New York region.
  • Well-suited asset for investors looking to expand multifamily holdings.
  • Provides reliable rental housing options for the local Chatham market.

What's Special

This multifamily apartment building at 584 Albany Turnpike in Chatham, New York, is currently available for sale and represents a functional addition to an investment portfolio. Comprising three residential units, the asset is well-suited for investors seeking to grow their footprint in the Hudson Valley region. Chatham maintains a steady, rural character with convenient access to major regional thoroughfares, making it an attractive location for tenants who value connectivity to both the local economy and broader upstate New York markets. The configuration of the property allows for straightforward management while providing reliable residential housing options in a market where rental demand remains consistent. Investors looking for a stable, multi-tenant asset will find this property aligns with long-term portfolio growth strategies in a desirable upstate submarket. The layout and unit count provide flexibility for various ownership structures, whether for a focused real estate investor or a first-time multifamily purchaser entering the sector.

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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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