1189 State Route 52 Fallsburg, NY 12759
- Added:
- Apr 7, 2026
- Days on Market:
- 10
- Last Refresh:
- Apr 16 at 5:06 pm
Property Features for 1189 State Route 52
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Standard status
- Active
- APN
- 482889: 17.-1-36
- Size
- 5,500 SF
- Lot size
- 1.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18763
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 8
- Building materials
- Frame
Listing agent Marie Mascari (845) 382-3989
Listing office eXp Realty 171 Main Street, Hauppauge, NY (888) 276-0630
Listing date Apr 7, 2026
MLS# 982120
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Income-Generating Multi-Structure Asset
This commercial investment opportunity features a high-performing, income-producing multi-structure asset with strong in-place cash flow and multiple avenues for value creation. The property consists 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. The property is located in Fallsburg, NY. 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. 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. The property is serviced by town water and septic and features oil heat, gas stoves, and electric included in rents. Recent improvements including plumbing upgrades, heating updates, electrical work, driveway blacktop, and tree removal help reduce near-term capital expenditure concerns.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Fallsburg
- County
- Sullivan
- State
- New York
- Longitude
- -74.6351
- Latitude
- 41.7717
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - High-performing investment opportunity with income and expansion potential.
Where is this apartment building located?
The property is located at 1189 State Route 52 Fallsburg, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High performing, income‑producing asset with strong in‑place cash flow of $117,500 annually.; Multiple avenues for value creation, including a 0.51‑acre parcel for future development and 1,500 sq ft of unfinished space with lake views.; Diversified income streams across three separate buildings and a garage, providing stabilized income.
