Chatham Village Multi-Family
3 Maiden Lane Chatham, NY 12037
For Sale
$329,000
MULTI_FAMILY - Colonial - Chatham, NY
Property Size1,800 SF
Lot Size0.05 Acres
Price / SF$182.78
Days on Market138
Property Features for 3 Maiden Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 3 Family - 230
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Basement, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking features
- On Street
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Eat-in Kitchen
- Exterior features
- Private Entrance
- Basement
- Full, Unfinished
- Appliances
- Refrigerator, Electric Range
- Standard status
- Active
- APN
- 66.9-2-29
- Size
- 1,800 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4902
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Wood, Vinyl, Laminate
- Building materials
- Frame
- Roof type
- Asphalt
- Architectural style
- Colonial
Listing Agency:
Country Life Real Estate, LLC
(518) 392-6600
Listed By:
Philip Feiner
(212) 495-9927
Added: Mar 10
Changed: Jul 24
Last Checked: Jul 25 at 10:06PM
MLS# 20260867
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.
Investment Insights
Based on property information with market context.
Located steps from town in Chatham Village, this multi-family property features three one-bedroom apartments. The building is well-maintained and generates a positive cash flow. Significant renovations have been completed, including the installation of new high-efficiency heating units in each apartment, as well as a new boiler and hot water heater. The roof was replaced in 2014. The property is zoned for three families and is situated on a 0.05-acre lot. The building has 1800 square feet of space.
Key Highlights
- Chatham Village multi‑family featuring three one‑bedroom apartments
- Significant renovations include new high‑efficiency heating units in each apartment plus new boiler and hot water heater
- Roof replacement in 2014
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $16.20 |
| − Vacancy | −$1.6k | −$0.89 |
| EGI | $27.6k | $15.31 |
| − OpEx | −$8.3k | −$4.59 |
| NOI | $19.3k | $10.72 |
1,800 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.6K
$241.1K – $321.5K
NOI $19,289 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$241.8K
$211.6K – $282.2K
NOI $16,929 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$445.3K
$389.7K – $519.6K
NOI $31,173 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three 1-bedroom apartments near town with positive cash flow.
Where is this triplex located?
The property is located at 3 Maiden Lane Chatham, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Chatham Village multi‑family featuring three one‑bedroom apartments; Significant renovations include new high‑efficiency heating units in each apartment plus new boiler and hot water heater; Roof replacement in 2014
