289 Vineyard Avenue

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289 Vineyard Avenue

Highland, NY 12528
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 at 289 Vineyard Avenue
  • Property features a total of two individual units
  • Asset is currently available for purchase in Highland
  • Located within the growing Hudson Valley real estate market
  • Suitable for residential rental investment in Ulster County

What's Special

This two-unit apartment building at 289 Vineyard Avenue in Highland, New York, presents an opportunity for investors seeking a multifamily asset in the Hudson Valley. The property is situated in a region known for its access to regional transit corridors and proximity to both Poughkeepsie and the broader New York City metropolitan area. This location benefits from the steady demand for rental housing across the Mid-Hudson region, where residents prioritize connectivity to major employment hubs and local educational institutions. Multifamily assets in this submarket often serve as stable rental inventory for individuals commuting throughout the Hudson Valley. Given the current configuration, this building is suitable for investors looking to hold long-term residential housing or those interested in property management within an established suburban market. The asset provides functional space that meets the requirements of typical local tenants seeking residential proximity to essential services and regional transportation networks.

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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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