Property profile

28 Genung St Middletown, NY 10940

FOR SALE
Residential land & home lots
Property ID
US63-4151323
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Property summary

AI-generated overview

**Great investment opportunity in desirable area in Middletown** This property is zoned C-2. Approved for a Two-family dwelling, but the street level has to be commercial use, per my conversation with the building department ( (475/20 C2 #12 or#16) Not many vacant properties on the market that offer the possibility to build a multi-family unit. This lot is set back from the main road, just behind 32 Genung Street, that is a legal 2-family property. 32 Genung Street is listed for sale **MLS 992207** and both properties are ideally purchased together, given the narrow driveway back to 28 Genung from the street. Don't miss out! bikeScore: 48, Somewhat Bikeable walkScore: 80, Very Walkable

Property profile

Verified
Property type Residential land & home lots
UPID US63-4151323

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

28 Genung St Middletown, NY 10940
Middletown metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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