38 Vineyard Avenue

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38 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).

  • The property is located at 38 Vineyard Avenue in Highland, New York.
  • This apartment building consists of two distinct residential units.
  • It is classified as a multifamily asset suitable for income generation.
  • Highland is situated within the steady housing market of the Hudson Valley.
  • The site occupies a location at coordinates 41.7198, -73.9621.

What's Special

Investors seeking an entry-level multifamily asset will find this apartment building in Highland, New York, a functional addition to their portfolio. The property, situated at 38 Vineyard Avenue, contains two units suitable for residential rental income. Highland serves as a quiet residential enclave within the broader Hudson Valley region, benefiting from regional connectivity and a steady demand for local housing. The town maintains a consistent pace of growth, attracting residents who appreciate a suburban atmosphere while remaining accessible to larger employment hubs in the surrounding area. Small-scale multifamily assets in this submarket provide a stable vehicle for capital preservation and recurring income. Given the configuration of this building, it is well-suited for an investor looking for a manageable property that requires minimal overhead. The asset is positioned within a community characterized by its scenic surroundings and proximity to regional transit routes, making it a viable choice for tenants seeking reliable living accommodations in Ulster County.

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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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