Multifamily Property with Renovation
52 Lincoln Pl, Liberty, NY 12754
Two buildings, one income-producing, one with fire damage, renovation potential.
Type:Commercial
- Added:
- Apr 15, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 1 at 4:36 am
Property Features for 52 Lincoln Pl
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agent Olga M Krasinski (845) 551-8860
Listing office Olga Krasinski Realestate (845) 551-8860
Listing date Apr 15, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Olga Krasinski Realestate
HighLights
- Investment opportunity with two separate buildings.
- Back building generates $4200/month from three one‑bedroom apartments.
- Zoned multi‑family, allowing for potential expansion.
- Seller may consider holding mortgage until renovations are complete.
- Potential to convert front building into multiple apartments (originally 4‑bedroom, 2‑bedroom, and studio).
- Renovated apartments in the area command $2000-$2400/month.
Overview
This property features two separate buildings, presenting an investment opportunity. The back building contains three one-bedroom apartments, generating a total monthly income of $4,200. Tenants are responsible for electric, while the landlord covers heat, water, sewer, and trash. The front building sustained fire damage. It originally housed three apartments: a four-bedroom unit on the first level, a two-bedroom unit on the second level, and a studio apartment. Zoned for multifamily use, the code enforcer requires a letter from a licensed engineer confirming structural integrity and a parking plan to expand to four two-bedroom apartments to obtain a building permit. The seller may consider holding a mortgage until renovations are complete. Renovated apartments in Liberty are being converted to electric heat, with new and renovated apartments renting from $2,000 to $2,400 per month. The bike score is 29, indicating it is somewhat bikeable, and the walk score is 46, indicating car-dependent.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Liberty
- County
- Sullivan
- State
- New York
- Longitude
- -74.749793
- Latitude
- 41.8010325
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two buildings, one income-producing, one with fire damage, renovation potential.
Where is this apartment building located?
The property is located at 52 Lincoln Pl Liberty, NY.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Investment opportunity with two separate buildings.; Back building generates $4200/month from three one‑bedroom apartments.; Zoned multi‑family, allowing for potential expansion.
