40 McStine Lane

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40 McStine Lane

Durham, NY 12423
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).

  • Three-unit multifamily apartment building available for sale in Durham.
  • Located in Greene County within the scenic Catskill Mountain region.
  • Property sits at coordinates 42.3550, -74.0741 in New York.
  • Suitable investment asset for a residential rental portfolio strategy.
  • Market benefits from regional tourism and upstate housing demand.

What's Special

This multifamily apartment building contains three units and is currently available for sale in Durham, New York. Situated in a region characterized by its rural landscape and access to the northern Catskill Mountains, the property offers a stable residential investment opportunity within this growing market. The local economy benefits from regional tourism and proximity to regional transportation routes that connect residents to broader Hudson Valley business hubs. With its three-unit configuration, the asset serves as a functional addition to a residential real estate portfolio or an option for an investor seeking to manage a compact rental operation. The layout supports consistent demand from local tenants who value the quiet atmosphere of Greene County. Prospective buyers may find potential for long-term hold strategies given the consistent need for housing in smaller upstate communities.

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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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