Carmel, NY Apartment buildings for sale

Updated: Apr 4

Multifamily Property with Five Dwellings

292-300 Croton Falls Road, Carmel, NY 10541

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8,084 sqft 9.77 AC lot

9.77+/- acre property across two tax parcels with five residential dwellings and multiple outbuildings
Total residential area of 6,024 SF across House 1 (1,512 SF), House 2 (878 SF), House 3 (532 SF), House 4 (1,980 SF), and House 5 (1,122 SF)
Two barn structures totaling 2,060 SF +/-, plus a well house and numerous shed structures
Zoned Residential with additional flexibility for investment or owner/user uses

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Updated: May 8

Mixed-Use Investment Opportunity

529-533 Route 52, Carmel, NY 10512

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Strong in‑place income of approximately $380K annual NOI with potential to reach $490K through rent adjustments.
Residential units trending toward market rents in the ~$2,900+ range, offering near‑term upside.
Units in both buildings are separately metered, allowing for potential reconfiguration.
Stable commercial tenant base and strong frontage along Route 52 provide additional income potential.
Potential for additional income through land lease opportunities.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Carmel, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Lakefront Multifamily Investment Opportunity

1860 E Main Street, Mohegan Lake, NY 10547

$4,250,000

4.36 AC lot

17-unit multifamily property with expansion potential on 4.36 acres.

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Mohegan Lake Multifamily Opportunity

3155 Lexington Ave 18AB, Mohegan Lake, NY 10567

$98,000

4.20 AC lot

Multifamily property in Mohegan Lake, NY for sale.

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Mixed-Use Building in Historic District

1102-1106 Main St, Peekskill, NY 10566

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27,000 sqft

Forthcoming mixed-use building with retail and residential units.

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Planning-Approved Multifamily Redevelopment

1106 Main Street, Peekskill, NY 10566

$2,500,000

Approved plans envision 20 apartments over street-level parking with retail storefronts and rooftop amenities.

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