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    97 Deblock Rd New Hampton, NY 10958

    Sponsored
    For Sale
    $1,200,000

    MULTI_FAMILY - New Hampton, NY

    Lot size:
    5.50 Acres
    Days on Market:
    48
    Last Refresh:
    Jan 19 at 10:06 am

    Property Features for 97 Deblock Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 6, Bedroom 1, Bedroom 7, Basement, Bathroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 3
    Bedrooms
    8
    Bathrooms
    4
    APN
    335600-012-000-0001-098.120-0000
    Interior features
    High Ceilings
    Basement
    Full
    Lot size
    5.50 Acres

    Utilities

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

    Building Details

    Year built
    1877
    Number of units
    4
    Building materials
    Frame

    We can help!

    Listing Contact
    Nicholas Cuomo

    Keller Williams Realty (845) 928-8000 [email protected]

    Listing agent Nicholas Cuomo

    Listing date Dec 3, 2025

    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.

    Learn more

    Property Insight Report

    Overview

    Four-Unit Multifamily Property in New Hampton

    Located on over 5 acres in a rural area of Orange County, New York, this property at 97 Deblock Rd features four units and is situated within the Minisink School District. Unit 1A is a one-bedroom, one-bathroom unit with a living area and kitchen space. Unit 2B includes two bedrooms, one bathroom, an eat-in kitchen, and a living area, and is leased until January 31, 2026, at a monthly rate of $1550. Unit 3C, one of the larger units at over 1500 square feet, has two bedrooms, one full bathroom, a large kitchen, and a living area with high ceilings and historic-style molding. The main house contains a unit of over 1600 square feet with three bedrooms, one bathroom, a kitchen, a living area, and a formal dining room, featuring high ceilings and historic character. Units 1A and 3C are leased on a month-to-month basis for $1350 and $1850, respectively. All units have separate utilities and propane heating, along with unfinished full basements. The property includes new siding, a new roof, and well-maintained grounds. It is located near Hudson Valley amenities and highway 84/17, approximately 75 minutes north of New York City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Building Supply Wholesale Shop Hair Salon Auto Repair Shop Storage Facility Garden Center Electrical Service Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hampton
    County
    Orange
    State
    New York
    Longitude
    -74.436931
    Latitude
    41.403817

    Nearby Similar for Sale

    • New
      $658,000
      2.30 Acres

      Multifamily Property in Wawayanda, NY

      Two updated homes on 2.3 acres in Minisink school district.
      155 Pierce Cir, New Hampton, NY 10958
      View Details

    FAQs

    What type of property is this?
    Apartment building - Four units on 5+ acres in Orange County, NY.
    Where is this apartment building located?
    The property is located at 97 Deblock Rd New Hampton, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Income-generating property with three units currently leased, providing immediate rental income.; - Located on 5+ acres in a desirable rural setting within the sought-after Minisink School District.; - Main house unit (1600+ SQF) offers potential for high rental income or owner-occupancy.
    (845) 928-8000
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    97 Deblock Rd New Hampton, NY 10958
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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
    97 Deblock Rd New Hampton, NY 10958
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    We can help!
    Listing Contact
    Nicholas Cuomo
    (845) 928-8000
    Learn more
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