Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21 Fairy Court Athens, NY 12015

    View on Map
    For Sale
    $89,000

    LAND - Athens, NY

    Lot size:
    0.45 Acres
    Added:
    Oct 24, 2025
    Days on Market:
    160
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 21 Fairy Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    residential
    Standard status
    Active
    Lot size
    0.45 Acres

    Taxes and HOA fees

    TaxDescription
    88.19-5-35
    TaxAnnualAmount
    1095

    Utilities

    Utilities
    Water Available
    Water source
    Private
    Water front features
    Lake, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Patricia Meyers
    Patricia Meyers

    Listing agent Patricia Meyers

    Listing office Lake and Mountain Realty, LLC 2008 Route 385, Athens, NY

    Listing date Oct 24, 2025

    MLS# 20255284 Listing URL

    Copyright © 2026 Hudson Valley Catskill Region 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

    Lakefront Property in Sleepy Hollow

    This 0.45-acre residential land is located in the Sleepy Hollow Lake Community. The property offers direct lakefront access, suitable for building a home. The location is approximately 2.5 hours from New York City and provides convenient access to ski mountains, restaurants, and shops. Residents can enjoy boating, swimming, fishing, and other lake-related activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Storage Facility Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Greene
    State
    New York
    Longitude
    -73.802736
    Latitude
    42.306184

    Nearby Similar for Sale

    • $500,000

      Prime Land on Route 9W

      12.01 acres with Highway Commercial and Light Industrial zoning.
      9676 ROUTE 9W, Athens, NY 12015
      View Details
    • $425,000
      2,201 SF

      Victorian Multi-Family in Athens, NY

      Income-producing Victorian in the heart of Athens, close to riverfront.
      9 N Franklin Street, Athens, NY 12015
      View Details
    • $39,000

      Residential Land in Sleepy Hollow Lake

      1.41-acre ready-to-build parcel in a private lake community.
      100 Hillside Drive, Athens, NY 12015
      View Details
    • $17,000

      Residential Lot in Sleepy Hollow Lake

      Buildable lot in private lake community with many amenities.
      23 Daredevil Drive, Athens, NY 12015
      View Details
    • $19,000

      Residential Lot in Sleepy Hollow

      Level building lot with community amenities in Athens, NY.
      157 Debbie Drive, Athens, NY 12015
      View Details
    • $39,900

      Residential Land in Sleepy Hollow

      Desirable Sleepy Hollow Lake community, build your dream home!
      293 Tommy Trail, Athens, NY 12015
      View Details
    • $49,900

      Residential Land in Sleepy Hollow

      1.46 acre surveyed lot with lake access.
      2516 Sleepy Hollow Road, Athens, NY 12015
      View Details
    • $500,000

      Versatile Land in Athens, NY

      12-acre land parcel with highway commercial and light industrial zoning.
      9676 ROUTE 9W, Athens, NY 12015, Athens, NY 12015
      View Details
    • $45,000

      Land in Scenic Athens, NY

      1.24-acre lot in a tranquil, accessible location.
      97 Hillside Drive, Athens, NY 12015
      View Details
    • $13,000

      Residential Land in Athens, NY

      Level building lot near amenities in Sleepy Hollow Lake.
      910 Sleepy Hollow Road, Athens, NY 12015
      View Details
    • $15,000

      Sleepy Hollow Lake Building Lot

      0.3 acre building lot in Sleepy Hollow Lake community.
      71 Derrick Von Brummel Circle, Athens, NY 12015
      View Details
    • $75,000

      Athens, NY Building Lot

      Combined building lot near Sleepy Hollow Lake with park access.
      31 Rip Van Winkle Drive, Athens, NY 12015
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Direct lakefront land in Sleepy Hollow Lake Community.
    Where is this residential land & home lot located?
    The property is located at 21 Fairy Court Athens, NY.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Direct lakefront property on Sleepy Hollow Lake.; Enjoy access to boating, swimming, and fishing.; Located in the desirable Sleepy Hollow Lake Community.
    (518) 527-1781
    We can help!
    Listing Contact
    Patricia Meyers
    Patricia Meyers
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!