22,832 SqFt
22,832 SqFt
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 22,832 sqft
Price per Sqft $37
MLS Listing ID R1691461
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $17,975
Lot Size 6.300 Acres
Acres 6.3
Lot Dimensions 614X339
Property Sub-Type Apartment
Property Description
The centerpiece of the property is the main apartment building, a massive, three-story multi-family structure boasting 22,832 square feet of building space. This building houses a diverse mix of studios, 1-bedroom, 2-bedroom, and 3-bedroom units (with 22 total apartments), alongside a dedicated commercial laundry room currently under a 10-year lease and a small office space with tons of storage. While several units are occupied, 3 apartments are down to the studs providing a blank canvas to renovate, lease at top-tier market rents, and exponentially drive up your Net Operating Income. The full basement also offers bedrock-solid infrastructure and raw waiting/storage space with the distinct potential to build out and rent private tenant storage units for an additional monthly revenue stream.
Adjacent to the apartment building sits a standalone, single-family residential house featuring a 3-bedroom, 2-bathroom layout with a full basement. Currently in need of renovation, this asset allows you to finish the build to your exact specifications to create a premium rental asset or an ideal owner-manager's quarters.
Positioned on 6.30 acres of beautiful Catskill terrain, this property offers a park-like yard bordered by a scenic stream and nature walk. Bring your vision, tools, and contractor to unlock the full cash-flow potential of the Cold Spring Apartments compound.
Location
State NY
County Delaware
Area Stamford-125289
Zoning Uknown
Rooms
Basement Full
Interior
Heating Oil, Baseboard
Flooring Concrete, Plywood
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Membrane,Rubber
Total Parking Spaces 20
Building
Lot Description Irregular Lot
Story 3
Sewer Public Sewer
Water Public
Structure Type Blown-In Insulation,Stone
Construction Status Existing
Schools
School District Stamford
Others
Tax ID 54.10-5-3.1
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Nearby Locations
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Company