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    Catskills Investment Opportunity: 4-Unit Multi-Family Title is generated by Realmo AI

    526 Mountain Avenue, Cairo, NY 12413

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    Claim this Listing
    For Sale
    $465,500

    MULTI_FAMILY - Cairo, NY

    Property size:
    4,953 SF
    Lot size:
    1.48 Acres
    Price / SF:
    $93/SF
    Added:
    Mar 7, 2024
    Days on Market:
    821
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 526 Mountain Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    01
    Bedrooms
    10
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 8, Basement, Bedroom 9, Bedroom 3
    Parking features
    Parking Lot
    Patio and Porch features
    Deck, Porch
    Interior features
    High Speed Internet
    Basement
    Crawl Space
    Appliances
    Refrigerator, Range, Electric Water Heater, Dishwasher
    Standard status
    Active
    APN
    100.20-2-2
    Size
    4,953 SF
    Lot size
    1.48 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12398

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Propane (Heating)
    Water source
    Well

    Building Details

    Year built
    1920
    Number of units
    4
    Flooring type
    Tile, Hardwood, Laminate
    Building materials
    Aluminum Siding, Frame
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Theodore Banta III
    Theodore Banta III

    Listing agent Theodore Banta III License #10311209842

    Listing office RVW Select Properties 7 W Moorehouse Rd, CAIRO, NY

    Listing date Mar 7, 2024

    MLS# 151755

    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.

    HighLights

    • Income‑producing 4‑unit multi‑family property in a desirable Catskills location.
    • Located on 1.48 acres with views of the Shingle Kill Trout Stream and Blackhead Mountains.
    • Each unit has separate utilities, reducing operating expenses and ensuring predictable cash flow.
    • Proximity to year‑round attractions: Windham Mountain, Hunter Mountain, Green Lake, Zoom Flume Water Park, and the Hudson River.
    • Walking distance to Cairo's Main Street with restaurants, bakeries, coffee shops, a brewery, shopping, and a town park.
    • Features include a wraparound covered porch, expansive rear deck, dedicated parking, and generous yard space.

    Overview

    Located at 526 Mountain Avenue in Purling, NY, this 4-unit multi-family property presents a rare investment opportunity in the Catskills. Situated on 1.48 acres at the corner of Mountain Avenue and Falls View Lane, the property overlooks the Shingle Kill Trout Stream and offers views of the Blackhead Mountains. The building contains four units with a total of 10 bedrooms. Unit 1 includes 3 bedrooms, a full bath, a kitchen, and a living room. Unit 2 features 2 bedrooms, a full bath, a kitchen, and a living room. Unit 3 has 2 bedrooms, a full bath with a Jacuzzi tub and shower, a kitchen with a pantry, and a living room. Unit 4 spans two floors and offers 3 or more bedrooms, a full bath, a kitchen, and a living room with a private walkout to a large deck. Each tenant is responsible for their own utilities. The property includes a wraparound covered porch, an expansive rear deck, a dedicated parking area, and yard space. It is located in the hamlet of Purling within the town of Cairo, walkable to Cairo's Main Street with restaurants, bakeries, coffee shops, a craft brewery, shopping, and the Cairo Town Park. The property is located 20 minutes from Windham Mountain, 30 minutes from Hunter Mountain, 15 minutes from Green Lake and Zoom Flume Water Park, and 15 minutes from Dutchman's Landing and the Hudson River.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Cafe & Coffee Shop Daycare Center (Bike/Boat/Book/etc) Store Veterinary Clinic Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Cairo
    County
    Greene
    State
    New York
    Longitude
    -74.007713
    Latitude
    42.28507

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multi-family property on 1.48 acres in Purling, NY.
    Where is this quadplex located?
    The property is located at 526 Mountain Avenue Cairo, NY.
    What is the asking price?
    The asking price for this property is $465,500.
    What are key features of this property?
    This property features: Income‑producing 4‑unit multi‑family property in a desirable Catskills location.; Located on 1.48 acres with views of the Shingle Kill Trout Stream and Blackhead Mountains.; Each unit has separate utilities, reducing operating expenses and ensuring predictable cash flow.
    (518) 466-1219
    We can help!
    Listing Contact
    Theodore Banta III
    Theodore Banta III
    Real Estate License ID: 10311209842
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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.

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