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    47 Austerlitz St Chatham, NY 12037

    Sponsored
    For Sale
    $359,900

    MULTI_FAMILY - Chatham, NY

    Property size:
    2,100 SF
    Lot size:
    0.50 Acres
    Days on Market:
    33
    Last Refresh:
    Jan 20 at 3:06 am

    Property Features for 47 Austerlitz St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Storm Window(s), Screens
    Zoning
    07 -
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1
    Bedrooms
    5
    Bathrooms
    3
    APN
    66.6-2-32
    Parking features
    Off Street, Driveway, Garage
    Patio and Porch features
    Porch
    Interior features
    Bookcases, Built-in Features, Eat-in Kitchen, High Speed Internet, Recessed Lighting, Stone Counters
    Exterior features
    Lighting
    Basement
    Concrete, Interior Entry, Dirt Floor, Full
    Appliances
    Stainless Steel Appliance(s), Refrigerator, Range Hood, Electric Range, Dishwasher
    Size
    2,100 SF
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard, Oil, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1830
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Laminate, Vinyl, Wood
    Building materials
    Wood Siding
    Roof type
    Metal, Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Rochelle Bartolo
    Rochelle Bartolo

    Beach & Bartolo Realtors, Inc (518) 392-2700 [email protected]

    Listing agent Rochelle Bartolo (518) 821-1774

    Listing date Dec 19, 2025

    MLS# 20254696 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Chatham Multi-Family Home with Income

    This multi-family home, available for the first time in 37 years, is located on a quiet street within walking distance of Chatham's main street. The property includes a 2,100 square foot main residence featuring four bedrooms and two bathrooms. A separate one-bedroom apartment with its own entrance provides rental income potential. The apartment was recently rented for $1,050 per month, with the tenant responsible for utilities. The main home features hardwood floors and a recently updated kitchen with new appliances and cabinetry. Municipal water and sewer services are provided. Heating is supplied by an oil hot water system, and the property has 200-amp electrical service. Outdoor features include a front porch and a private yard space. An oversized two-car garage offers additional storage. There is unfinished space located above the rental unit that could potentially be finished to add two bedrooms to the rental unit, and substantial additional income. The property is situated on a 0.5-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Columbia
    State
    New York
    Longitude
    -73.590461
    Latitude
    42.364587

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    FAQs

    What type of property is this?
    Duplex - Multi-family home in Chatham with rental income potential.
    Where is this duplex located?
    The property is located at 47 Austerlitz St Chatham, NY.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Multi-family home with income-generating one-bedroom apartment to offset mortgage costs.; - Spacious 2,100 sq ft main residence with four bedrooms and two bathrooms.; - Prime location: short walk to Chatham's main street.
    (518) 821-1774
    Request Owner's contact information
    47 Austerlitz St Chatham, NY 12037
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    Chatham, NY 12037
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    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
    47 Austerlitz St Chatham, NY 12037
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    We can help!
    Listing Contact
    Rochelle Bartolo
    Rochelle Bartolo
    (518) 821-1774
    Learn more
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