Three-Unit Building Near SUNY
19-23 Greenway Ln Loch Sheldrake, NY 12759
19-23 Greenway Ln, Loch Sheldrake, NY, 12759
$1,999,999
For Sale
$1,999,999
Three-unit building near SUNY Sullivan with cash flow potential.
Days on Market130
Property Features for 19-23 Greenway Ln
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing Agency
Keller Williams Realty
(845) 629-5854
Listed by
Peter Berman · License #10401392566
(845) 629-5854
Source
Elliman
Added: Mar 11 Checked: Jul 17 at 2:45 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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.
