Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    150 Windermere Ave Greenwood Lake, NY 10925

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four rental units with lake access near NYC.

    Lot size:
    0.28 Acres

    Property Features for 150 Windermere Ave

    General Information

    Standard status
    Active
    Lot size
    0.28 Acres

    Building Details

    Year built
    1949

    We can help!

    Listing Contact
    Verna Dawson
    Source: Exitrealty

    Listing Agency: RE/MAX Ace Realty Listing Agent: Verna Dawson

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

    Learn more

    Overview

    Greenwood Lake Multifamily Investment Opportunity

    This property presents a rare opportunity to own multiple units in the Greenwood Lake community. The property includes four rental units currently utilized as an Airbnb and for year-round rentals. It also features two docks with four slips on a Greenwood Lake-front property. Situated on three deeded parcels totaling approximately 0.28 acres, the location is about one hour from NYC. Greenwood Lake offers various activities such as boat rentals from nearby marinas, fishing, water skiing, tubing, wineries and breweries, shopping, local farms, skiing and snowboarding, hiking the Appalachian Trail, and local restaurants and shops. A beach is within walking distance or accessible by boat or canoe.
    Location Intelligence

    Current Use by Public Records

    Village Wine Company Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood Lake
    County
    Orange
    State
    New York
    Longitude
    -74.2888546
    Latitude
    41.2273506

    Nearby Similar for Sale

    • $800,000
      2,370 SF

      Turnkey Restaurant & Bar Opportunity

      Fully renovated bar and Pan Asian restaurant in Greenwood Lake.
      112 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $715,000
      4,400 SF

      Greenwood Lake Mixed-Use Investment

      Turnkey mixed-use building in vibrant downtown Greenwood Lake.
      106 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $1,349,000
      0.28 Acres

      Greenwood Lake Multifamily Investment Opportunity

      Four rental units with lake access near NYC.
      150 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $575,000

      Remodeled Restaurant and Bar Opportunity

      Turn-key restaurant and bar in Greenwood Lake for sale.
      112 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $850,000

      Established Restaurant in Greenwood Lake

      Thriving restaurant with full bar, cottage, and bonus lot.
      657 Jersey Ave, Greenwood Lake, NY 10925
      View Details
    • $899,000

      Mixed-Use Investment Property For Sale

      Four-unit mixed-use property with retail, spa, and apartments.
      93-95 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $130,000

      Premium Outlet Boutique Business Opportunity

      Consignment store business for sale, inventory included.
      71 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $5,200,000

      Turnkey Marina in Orange County

      Fully operational marina with prime waterfront real estate in New York.
      622 Jersey Ave, Greenwood Lake, NY 10925
      View Details
    • $130,000

      Premium Outlet Boutique Business

      Consignment store business for sale, inventory included.
      71 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $130,000

      Premium Outlet Boutique Business

      Consignment store business for sale, inventory included.
      71 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $895,000
      Pending

      Mixed-Use Property in Greenwood Lake

      Mixed-use property with apartments and retail in Greenwood Lake.
      65 Windermere Ave, Greenwood Lake, NY 10925
      View Details
    • $750,000

      Greenwood Lake Specialty Property

      Specialty property in Greenwood Lake, priced at $799,999.
      25 Teneyck Ave, Greenwood Lake, NY 10925
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four rental units with lake access near NYC.
    Where is this quadplex located?
    The property is located at 150 Windermere Ave Greenwood Lake, NY.
    What are key features of this property?
    This property features: - Four rental units currently used as Airbnb and year-round rentals.; - Two docks with four slips on Greenwood Lake.; - Three deeded parcels totaling 0.28 acres.
    (914) 495-4020
    Request Owner's contact information
    150 Windermere Ave Greenwood Lake, NY 10925
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    150 Windermere Ave
    Greenwood Lake, NY 10925
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Windermere Ave Greenwood Lake, NY 10925
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Verna Dawson
    Real Estate License ID: 40DA1158856
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!