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Six-Unit Apartment Building
For Sale
$690,000

1 Lewis Lane, New Paltz, NY 12561

Commercial Sale, New Paltz, NY

Property Size4,100 SF
Lot Size12.90 Acres
Price / SF$168.29
Days on Market79

Property Features for 1 Lewis Lane

General Information

Property type Commercial Sale
Property subtype Other
Zoning A-1.5
Zoning description Agricultural 1.5 Acre
Bathrooms 7
Full bathrooms 7
Rooms Bathroom 4, Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 3
Exterior features Garden
Appliances Washer/Dryer, Refrigerator, Range, Electric Water Heater, Electric Oven, Electric Cooktop
Lot features Garden, Private, Secluded, Sloped, Subdivide Possible
Directions NY State Thruway I87 to New Paltz Exit 18; Route 299 South: Right on Red Barn Rd; Right on Lewis Ln; Pass Charles Ln and follow Lewis Ln to the end
Subdivision New Paltz
Standard status Active
APN 86.1-2-46.100, 86.1-2-46.200
Size 4,100 SF
Lot size 12.90 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity

Taxes and HOA fees

Tax Annual Amount 20041

Utilities

Sewer type Private Sewer
Heating system Zoned, Oil
Cooling system Varies by Unit
Water source Well

Amenities

tenant storage
laundry facility
owner's office suite
raised-bed gardens

Building Details

Year built 1965
Flooring type Varies, Hardwood, Combination, Tile
Building materials Frame
Roof type Asphalt
Buildings 1
Listing Agency: Halter Associates Realty
Listed By: Peter Cantine · License #10401312264
Added: Aug 20 Changed: Nov 3 Last Checked: Nov 6 at 12:06PM
MLS# 20264811

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.

Rey
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Investment Insights

Based on property information with market context.

This 4,100-square-foot apartment property contains six units across three floors, including two studios, two one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment. A walkout lower level adds tenant storage, a dedicated laundry area, and an owner’s office suite. Apartments are separately metered for electricity, with tenants billed directly for their electric usage. The building was constructed in 1965 and features frame construction, asphalt roofing, private sewer, well water, oil heat, and unit-specific cooling conditions.

The property occupies 12.9 acres at 1 Lewis Lane in New Paltz, NY, just outside the Village of New Paltz. The grounds include garden space, while the multifamily operation is supported by a mix of long-term tenants. Zoning is A-1.5.

Key Highlights

  • Six apartments: two studios, two one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit
  • 12.9‑acre property at 1 Lewis Lane, New Paltz, NY 12561
  • 4,100 square feet of apartment and support space

Property Analytics

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Lease Details

6
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 12561, NY

18,726
Population
7,081
Households
2.6
Avg Household Size
36
Median Age
56%
College-Educated
97%
High-School Grad
60.3 sq mi
ZIP Area
311
Density / Sq Mi
$89,694
Median Household Income
$25,612
Median Earnings
$1,603
Median Rent
$411,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Ulster County, NY

$231 Jul
$282 Aug
$295 Sep
$266 Oct

Properties on Market for Apartment buildings in Ulster County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Established multifamily property with on-site laundry, tenant storage, and separately metered apartments.
Where is this apartment building located?
The property is located at 1 Lewis Lane New Paltz, NY.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Six apartments: two studios, two one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit; 12.9‑acre property at 1 Lewis Lane, New Paltz, NY 12561; 4,100 square feet of apartment and support space
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