22-Unit Multifamily Investment
For Sale
$2,500,000
597 Bross St, Cairo, NY 12413
Fully occupied apartment complex with rental history and creek frontage.
Property Size17,235 SF
Lot Size10.00 Acres
Price / SF$145.05
Days on Market198
Property Features for 597 Bross St
General Information
Standard status
Active
Size
17,235 SF
Lot size
10.00 Acres
Property subtype
Multifamily
Occupancy
100%
Amenities
22-Unit Apartment Community Across Eight Buildings
Expansive 10.5 Acre Site With Scenic Creek And Pond Frontage
Approximately 40% Rental Upside Through Mark-To-Market Rent Growth
Building Details
Building Size
17,235 SF
Units
22
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Brian Kaplan · License #License(s): NJ: 1753184, NY: 10401253635
(201) 742-6133
Source:
Marcusmillichap
Added: Mar 5
Changed: Sep 19
Last Checked: Sep 19 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This offering features 22 apartment units situated across seven buildings. The property is fully occupied and has a history of consistent rental income. The tenant base is stable, with leases typically renewed on a yearly basis. The unit mix includes 1 three-bedroom unit, 15 two-bedroom units, and 4 one-bedroom units, along with a one-bedroom cabin and a two-bedroom cabin. The buildings and grounds are well-maintained. On-site amenities include a modern laundry facility and ample parking. The property spans 10 acres of park-like land and includes approximately one thousand feet of frontage on the Catskill Creek. A large garage/maintenance building is also located on the premises. The property size is 17235 square feet.
Key Highlights
- Fully occupied with great rental history and yearly leases, ensuring immediate and consistent income.
- Ten park‑like acres with a thousand feet of frontage on the Catskill Creek, offering scenic views and recreational opportunities.
- Diverse unit mix: 1 three‑bedroom, 15 two‑bedroom, 4 one‑bedroom apartments, plus a one‑bedroom cabin and a two‑bedroom cabin.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 12413, NY
2,914
Population
1,807
Households
1.6
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
16.6 sq mi
ZIP Area
176
Density / Sq Mi
$53,958
Median Household Income
$46,979
Median Earnings
$1,278
Median Rent
$208,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment complex with rental history and creek frontage.
Where is this apartment building located?
The property is located at 597 Bross St Cairo, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully occupied with great rental history and yearly leases, ensuring immediate and consistent income.; Ten park‑like acres with a thousand feet of frontage on the Catskill Creek, offering scenic views and recreational opportunities.; Diverse unit mix: 1 three‑bedroom, 15 two‑bedroom, 4 one‑bedroom apartments, plus a one‑bedroom cabin and a two‑bedroom cabin.
