3191 State Route 23

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3191 State Route 23

Hillsdale, NY 12529
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 multifamily apartment building located in Hillsdale, New York
  • Asset is situated directly along the State Route 23 corridor
  • Multifamily building offering residential investment potential in Columbia County
  • Property supports a stable rental model in a scenic region
  • Strategic location within the broader Hudson Valley residential market

What's Special

This six-unit multifamily apartment building is positioned along State Route 23 in Hillsdale, New York. The asset provides a stable residential investment within a region known for its pastoral landscapes and proximity to the Berkshires. As a smaller-scale apartment building, the property serves as a functional choice for investors focused on steady rental demand in Columbia County. Given the current housing dynamics in the Hudson Valley, such properties appeal to long-term tenants seeking access to the quiet lifestyle offered by the local community. The configuration supports residential leasing strategies suitable for an owner-operator or a diversified portfolio. Its accessibility on a major state route facilitates movement throughout the submarket, connecting residents to nearby employment centers and regional services. This multifamily asset represents a straightforward opportunity to acquire residential inventory in a well-established market corridor.

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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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