Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Multifamily Property in Ellenville Title is generated by Realmo AI

    56 Warren St, Ellenville, NY 12428

    View on Map
    Claim this Listing
    For Sale
    $650,000

    Fully occupied multifamily property with updated units and strong income.

    Type:Investment
    Added:
    May 9, 2026
    Days on Market:
    23
    Last Refresh:
    May 9 at 12:44 am

    Property Features for 56 Warren St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Meyer Stoessel

    Listing agent Meyer Stoessel License #10401320890

    Listing office Keller Williams Hudson Valley Realty & United

    Listing date May 9, 2026

    Source Elliman

    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 Hudson Valley Realty & United

    HighLights

    • Fully occupied multi‑family property.
    • Generates over $7,000 monthly income.
    • Consists of 2 three‑bedroom units.
    • Consists of 2 two‑bedroom units.
    • Updated condition.
    • Located in Ellenville.

    Overview

    This multifamily property in Ellenville features updated units and is fully occupied. It comprises two three-bedroom units and two two-bedroom units. The property generates a monthly income exceeding $7,000, presenting a potential income-producing opportunity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellenville
    County
    Ulster
    State
    New York
    Longitude
    -74.392664
    Latitude
    41.714004

    Nearby Similar for Sale

    • $399,999

      Charming Multifamily Home in Ellenville

      Multifamily home in a quiet neighborhood, close to local amenities.
      8 Bartlett Street, Ellenville, NY 12428
      View Details
    • $799,000

      Catskills Bungalow Colony on 32 Acres

      Charming bungalow colony with year-round homes on 32 acres.
      224 Camp Road, Ellenville, NY 12428
      View Details
    • $400,000
      4,200 SF

      Ellenville Retail and Office Space

      Historic brick building in vibrant downtown Ellenville, New York.
      129 Canal Street, Ellenville, NY 12428
      View Details
    • $137,800
      3,395 SF

      Ellenville Multifamily Property For Sale

      Multifamily property with potential, close to amenities in Ellenville, NY.
      79-87 N Old Greenfield Rd, Ellenville, NY 12428
      View Details
    • $550,000
      3,000 SF

      Multifamily Property in Ellenville

      Five-unit multifamily property on 0.45 acres in Ellenville, NY.
      21 1/2 Nevins Street, Ellenville, NY 12428
      View Details
    • $650,000

      Updated Multifamily Property in Ellenville

      Updated five-unit multifamily property with income potential in Ellenville, NY.
      15 Tuthill Avenue, Ellenville, NY 12428
      View Details
    • $475,000

      Ellenville Multifamily Investment Opportunity

      Almost fully occupied multifamily property with additional garage rental income.
      6-8 Backman Avenue, Ellenville, NY 12428
      View Details
    • $750,000
      6,369 SF

      Freestanding Retail Building For Sale

      Former drugstore with parking and signage available for sale.
      50 N Main St, Ellenville, NY
      View Details
    • $650,000

      Updated Multifamily Property in Ellenville

      Updated 5-unit multifamily property with income potential in Ellenville.
      15 Tuthill Ave, Ellenville, NY 12428
      View Details
    • $799,000

      Catskills Bungalow Colony on Acres

      32.7-acre Catskills hideaway with eight units and pool.
      224 Camp Road, Ellenville, NY 12428
      View Details
    • $650,000

      Mixed-Use Property in Ellenville, NY

      Mixed-use property with residential and commercial units in Ellenville.
      72-78 Center Street, Ellenville, NY 12428
      View Details
    • $650,000

      MULTI_FAMILY - Other - Ellenville, NY

      56 Warren Street, Ellenville, NY 12428
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied multifamily property with updated units and strong income.
    Where is this apartment building located?
    The property is located at 56 Warren St Ellenville, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Fully occupied multi‑family property.; Generates over $7,000 monthly income.; Consists of 2 three‑bedroom units.
    (845) 746-7569
    We can help!
    Listing Contact
    Meyer Stoessel
    Real Estate License ID: 10401320890
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    56 Warren St, Ellenville, NY 12428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!