53-55 New Paltz Road

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53-55 New Paltz Road

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).

  • Six-unit apartment building located in Highland, New York
  • Multifamily asset situated at 53-55 New Paltz Road
  • Residential income-producing property available for investment purchase
  • Convenient access to regional transit routes and local services
  • Located within a growing suburban area of Ulster County

What's Special

This six-unit multifamily apartment building at 53-55 New Paltz Road in Highland, New York, presents an asset for investors looking to expand their residential portfolio. Situated in a region known for its proximity to the Hudson River and accessible routes to regional transit corridors, this property benefits from the steady demand characteristic of the local rental market. The asset occupies a practical footprint within a established suburban neighborhood, suitable for long-term residential leasing strategies. Its structure supports a consistent income stream typical of smaller multi-unit complexes in this corridor. Prospective buyers may find this location attractive due to its connectivity to the surrounding Ulster County communities and the balanced lifestyle offered to residents in the area. The site provides a straightforward addition for those managing income-producing properties within the New York 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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