Two Homes with Lake
8 Oak Drive, New Windsor, NY 12553
New
MULTI_FAMILY - Colonial - New Windsor, NY
Property size:
3,100 SFLot size:
0.35 AcresPrice / SF:
$258/SF- Added:
- May 17, 2026
- Days on Market:
- 6
- Last Refresh:
- May 22 at 8:06 am
Property Features for 8 Oak Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 4
- Parking
- 4
- Parking features
- Driveway
- Interior features
- First Floor Bedroom, First Floor Full Bath, Cathedral Ceiling(s), Kitchen Island, Natural Woodwork, Primary Bathroom, Master Downstairs, Soaking Tub, Storage, Washer/Dryer Hookup
- Exterior features
- Lighting, Mailbox
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 332489-002-000-0003-010.000-0000
- Size
- 3,100 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16439
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Wood
- Building materials
- Vinyl Siding
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing agent Rose Daversa (845) 541-1329
Listing office Hudson Valley Home Connection 283 Windsor Highway, Newburgh, NY (914) 213-4259
Listing date May 17, 2026
MLS# 992546
Listing URL
Copyright © 2026 OneKey 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
- Lake rights to a private, non‑motorboat lake with a community beach.
- Two separate homes on one property: a renovated 3,100+ sq ft main house and a 1,248 sq ft cottage, offering rental income potential.
- Main house features a first‑floor primary suite with a spa‑inspired bathroom, walk‑in closet, and soaking tub, plus an open‑concept kitchen/dining/family room with vaulted ceilings.
- Detached cottage updated in 2008 with central AC, private parking, yard, open layout, 2 bedrooms, and 2 full baths.
- Desirable location in the Beaver Dam Lake community, close to villages, parks, shops, and commuter options.
- Main house offers flexible living with a first‑floor bedroom and bath, plus a second‑floor family room, two bedrooms with walk‑in closets, and ample storage.
Overview
This property features two separate homes on a single parcel with lake rights, situated in the Beaver Dam Lake community within the Cornwall school district. The main residence, originally built in 1949 and rebuilt and expanded in 2006, offers over 3,100 square feet of living space. It includes a first-floor primary ensuite with a walk-in closet, a spa-inspired bathroom with a tiled shower and soaking tub, a second bedroom, and a full bath. The expansive open-concept kitchen, dining, and family room area features a vaulted ceiling, recessed lighting, a walk-in pantry, and a granite countertop island. A wraparound covered front porch is accessible from the kitchen. The fenced yard provides space for pets and gardens. Upstairs, there is an oversized family room, two bedrooms with walk-in closets, a full bathroom, storage closets, and an insulated attic. The property also includes a detached 1,248-square-foot cottage updated in 2008 with newer appliances added in 2021. The cottage has private parking, yard space, central AC, an open layout with a kitchen, living room, and full bath on the first level, and two bedrooms, a second full bath, and a laundry area on the second floor. The property offers access to a community beach with floating platforms, sand toys, and boat launches for residents. It is located near the villages of Washingtonville and Cornwall, with access to parks, eateries, and shops. The Salisbury Train Station (to Penn Station) and West Point are also nearby.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$684.6K
NOI $61,616 @ 9.00% cap · cautious / downside scenario
Moderate
$880.2K
NOI $61,616 @ 7.00% cap · market / base-case scenario
Aggressive
$1.23M
NOI $61,616 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.1k | $29.40 |
| − Vacancy | −$3.1k | −$1.01 |
| EGI | $88.0k | $28.39 |
| − OpEx | −$26.4k | −$8.52 |
| NOI | $61.6k | $19.88 |
3,100 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$880.2K
$770.2K – $1.03M
NOI $61,616 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$828.4K
$724.8K – $966.5K
NOI $57,987 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.05M
$918.7K – $1.22M
NOI $73,495 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Windsor
- County
- Orange
- State
- New York
- Longitude
- -74.109789
- Latitude
- 41.443783
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two homes on one parcel with lake access.
Where is this duplex located?
The property is located at 8 Oak Drive New Windsor, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Lake rights to a private, non‑motorboat lake with a community beach.; Two separate homes on one property: a renovated 3,100+ sq ft main house and a 1,248 sq ft cottage, offering rental income potential.; Main house features a first‑floor primary suite with a spa‑inspired bathroom, walk‑in closet, and soaking tub, plus an open‑concept kitchen/dining/family room with vaulted ceilings.
