Converted Duplex on Private
32 Old Route 199 Red Hook, NY 12571
32 Old Route 199, Red Hook, NY, 12571
$899,000
For Sale
$899,000
MULTI_FAMILY - Red Hook, NY
Property Size3,500 SF
Lot Size4.00 Acres
Price / SF$256.86
Days on Market93
Property Features for 32 Old Route 199
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 7
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 7, Laundry Room, Bathroom 5, Bathroom 2
- Interior features
- Master Downstairs
- Fireplace
- 1
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 4.00 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11470
Utilities
- Heating system
- Oil, Forced Air
Building Details
- Year built
- 1976
- Floors in Building
- 1
Listing agency
JFIVE HOMES REALTY LLC
(845) 758-6842
Listed by
Jennifer Fivelsdal
Added: Apr 22 Updated: Jul 11 at 2:33AM Checked: Jul 23 at 2:06AM
MLS# 11715926
Copyright © 2026 My State 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.
Tucked away at the end of a long, private driveway, this converted duplex sits on four acres framed by mature trees and gardens. The original single-family residence has been thoughtfully converted into two spacious units separated by one wall, with the option to convert back to a grand single-family layout if desired. Unit one includes four bedrooms and three bathrooms, plus a finished basement that expands usable living space. Unit two offers two bedrooms and two bathrooms and has a proven track record as a successful Airbnb. Both residences feature a wood-burning fireplace and an additional wood stove for cozy, functional warmth.
Despite the privacy, the property is described as a short stroll to the village. Outdoor living is supported by expansive decks and porches, ideal for relaxing or entertaining while enjoying pastoral views. The grounds include multiple outbuildings, including a cottage suitable for an artist’s studio or fitness space, a former sheep barn with abundant storage, chicken coops, and an area previously used for organic vegetable gardening.
This setup will appeal to tenants, buyers, and operators looking for a flexible live-in or income-producing configuration. With two separate units and several functional structures on-site, the property supports multi-generational living, long-term rental use, or short-term rental operation depending on how the space is configured and managed.
Despite the privacy, the property is described as a short stroll to the village. Outdoor living is supported by expansive decks and porches, ideal for relaxing or entertaining while enjoying pastoral views. The grounds include multiple outbuildings, including a cottage suitable for an artist’s studio or fitness space, a former sheep barn with abundant storage, chicken coops, and an area previously used for organic vegetable gardening.
This setup will appeal to tenants, buyers, and operators looking for a flexible live-in or income-producing configuration. With two separate units and several functional structures on-site, the property supports multi-generational living, long-term rental use, or short-term rental operation depending on how the space is configured and managed.
Key Highlights
- Converted into 2 units with just one wall separating them; can be returned to a single‑family layout
- Unit 1: four bedrooms and three bathrooms, plus finished basement; currently generating steady long‑term rental income
- Unit 2: two bedrooms and two bathrooms; successful Airbnb track record
Local 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 | $97.9k | $27.96 |
| − Vacancy | −$5.1k | −$1.45 |
| EGI | $92.8k | $26.51 |
| − OpEx | −$27.8k | −$7.95 |
| NOI | $64.9k | $18.55 |
3,500 SF · lease $27.96/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$927.7K
$811.8K – $1.08M
NOI $64,940 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$859.0K
$751.6K – $1.00M
NOI $60,129 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$1.05M
$921.9K – $1.23M
NOI $73,749 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shepherds Knoll
Vacation Rental
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two well-appointed units, multiple outbuildings, and fireplace-equipped living offer flexible ways to generate income or house extended family.
Where is this duplex located?
The property is located at 32 Old Route 199 Red Hook, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Converted into 2 units with just one wall separating them; can be returned to a single‑family layout; Unit 1: four bedrooms and three bathrooms, plus finished basement; currently generating steady long‑term rental income; Unit 2: two bedrooms and two bathrooms; successful Airbnb track record
