Courtesy: eXp Realty
888-276-0630
Commercial Investment Opportunity that presents a high performing, income producing multi-structure asset with strong in place cash flow and multiple avenues for value creation, consisting of three separate buildings totaling approximately 4,500 square feet across seven residential units plus a 1,000 square foot garage, all situated on approximately 0.98 acres with an additional separate 0.51 acre parcel offering potential for future development, making this a rare opportunity that combines immediate income with long term upside. The property currently generates $117,500 annually, or approximately $9,791 per month, with estimated operating expenses of $30,000 per year resulting in a net operating income of approximately $87,500 before vacancy and approximately $81,625 with a conservative 5 percent vacancy factor, supporting a cap rate in the 7.4 percent to 7.95 percent range with further upside available through rent optimization and expansion. Income is diversified across all three structures, with Building 1 producing $51,000 annually including a projected $18,000 from the garage, Building 2 generating $30,800 annually, and Building 3 contributing $35,700 annually, creating multiple stabilized income streams within a single acquisition. A significant value add opportunity exists in the rear structure where the second floor includes approximately 1,500 square feet of unfinished space with lake views of Loch Sheldrake, providing a blank slate for additional units or premium rental space that can materially increase overall income and property value. The property is serviced by town water and septic and features oil heat, gas stoves, and electric included in rents, while recent improvements including plumbing upgrades, heating updates, electrical work, driveway blacktop, and tree removal help reduce near term capital expenditure concerns. Positioned in a growing rental market with strong demand drivers, this asset offers investors a unique combination of stabilized cash flow, expansion potential, additional land value, and long term appreciation, making it an ideal acquisition for those seeking both immediate returns and scalable upside in a single property.
Courtesy: Century 21 Country Realty
845-791-5280
Excellent opportunity to develop 1.05 acres of vacant commercial land located in Lach Sheldrake, Fallsburg. The property is equipped with municipal water and sewer, making it development-ready and cost-efficient. This parcel is situated in an area experiencing significant new residential housing growth, creating strong demand for nearby commercial services. With public parking available on the adjacent parcel, the site is well-positioned for customer accessibility and high visibility. Zoning allows for a wide range of commercial uses, including: • Retail stores • Restaurants • Auto sales • Professional offices • Retail shopping centers • House of worship Given the surge of new housing developments in the immediate area, this property presents an outstanding opportunity for a retail or mixed commercial venture that will serve a growing community. An ideal addition to the area’s expanding commercial landscape. Note public records show the old buildings. They have been removed.
Courtesy: Keller Williams Realty
845-928-8000
This 3 unit building is a rare gem of an asset, well built and tremendous cash flow capabilities. These 3 townhouse style units are superbly well built on ground leased land within the boundaries of SUNY Sullivan. Initially built as supplemental housing, it is now the ONLY on campus housing option. All other housing options on campus have been decommissioned. In addition to all of the physical benefits of this LEED certified building the biggest advantage is that it is operated by the College. Owner is only responsible for Capital Projects, of which there are not many. Lease up, management and collections are all handled by the college. Owner collects revenue from the College and pays Utility Bills and Insurance. Purchase is of the building only, the building is on a Ground Lease. Lease has 15 years remaining plus a 10 year option, with a cash buyout. Additionally lease creates exclusive option to develop additional housing within the campus. This is truly a "mailbox money" opportunity.
Loch Sheldrake is located in New York. Loch Sheldrake, New York has a population of 1,499. Loch Sheldrake is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 27.82%.
The median household income in Loch Sheldrake, New York is $51,515. The median household income for the surrounding county is $63,393 compared to the national median of $69,021. The median age of people living in Loch Sheldrake is 19.5 years.
The average high temperature in July is 80.1 degrees, with an average low temperature in January of 13.8 degrees. The average rainfall is approximately 51.9 inches per year, with 66.6 inches of snow per year.
