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19-23 Greenway Ln Loch Sheldrake, NY 12759

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For Sale
$1,999,999

Three-unit building near SUNY Sullivan with cash flow potential.

Property Features for 19-23 Greenway Ln

General Information

Property type
Commercial
Standard status
Active

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Listing Contact
Peter Berman
Source: Elliman

Listing Agency: KELLER WILLIAMS REALTY Listing Agent: Peter Berman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Three-Unit Building Near SUNY Sullivan

This three-unit building presents a unique investment opportunity with strong cash flow potential. The property features three townhouse-style units, constructed on ground-leased land within the SUNY Sullivan campus. Originally intended as supplemental housing, it now serves as the sole on-campus housing option, as all other housing options on campus have been decommissioned. The building is LEED certified. The college manages lease-up, management, and collections. The owner is responsible for capital projects. The owner receives revenue from the college and pays utility bills and insurance. The purchase includes the building only, situated on a ground lease with 15 years remaining, plus a 10-year option, with a cash buyout. The lease also provides an exclusive option to develop additional housing within the campus.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Gym & Fitness Center Skin Care Clinic Hotel & Motel Acupuncture Bed & Breakfast

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

Location Insight

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  • Local Demand
City
Loch Sheldrake
County
Sullivan
State
New York
Longitude
-74.6351
Latitude
41.7717

FAQs

What type of property is this?
Triplex - Three-unit building near SUNY Sullivan with cash flow potential.
Where is this triplex located?
The property is located at 19-23 Greenway Ln Loch Sheldrake, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: - Only on-campus housing option.; - College handles lease-up, management, and collections, providing a 'mailbox money' opportunity.; - Owner responsible for capital projects, with limited expected expenses.
More about this property
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