Multifamily Apartment
For Sale
$49,000,000
18 Edgewater Place, Beacon, NY 12508
For-sale apartment building at 18 Edgewater Place in Beacon, NY.
Property Size94,737 SF
Days on Market76
Property Features for 18 Edgewater Place
General Information
Standard status
Active
Size
94,737 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$522,888
Building Details
Building Size
94,737 SF
Year Built
2024
Units
106
Listing Agency:
Ariel Property Advisors
Listed By:
Victor Sozio · License #10301211469
(212) 544-9500
Source:
Commercialcafe
Added: Jul 26
Changed: Sep 26
Last Checked: Oct 7 at 9:11AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
This multifamily apartment building is offered for sale. The property is located at 18 Edgewater Place in Beacon, NY 12508.
The asking price is $52,500,000. Additional details regarding unit mix, square footage, condition, or on-site amenities were not provided in the available information.
The asking price is $52,500,000. Additional details regarding unit mix, square footage, condition, or on-site amenities were not provided in the available information.
Key Highlights
- For‑sale apartment building at 18 Edgewater Place in Beacon, NY
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,627,563
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$32,551,260
$32.6M
Cap Rate 7%
$23,250,900
$23.3M
Cap Rate 9%
$18,084,033
$18.1M
Market Conditions
NOI Build-Up for 94,737 SF
Gross rent
$3.11M $32.88/SF
− Vacancy
−$155.7K −$1.64/SF
EGI
$2.96M $31.24/SF
− OpEx
−$1.33M −$14.06/SF
NOI
$1.63M $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$32,551,260
Cap Rate 7%
$23,250,900
Cap Rate 9%
$18,084,033
Alternative Uses
Best Use
Apartment 5plus
$23.25M
$20.34M – $27.13M
NOI $1,627,563 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.52M
$24.95M – $33.27M
NOI $1,996,225 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 12508, NY
19,537
Population
8,798
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
14.4 sq mi
ZIP Area
1,357
Density / Sq Mi
$88,510
Median Household Income
$59,498
Median Earnings
$1,700
Median Rent
$401,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - For-sale apartment building at 18 Edgewater Place in Beacon, NY.
Where is this apartment building located?
The property is located at 18 Edgewater Place Beacon, NY.
What is the asking price?
The asking price for this property is $49,000,000.
What are key features of this property?
This property features: For‑sale apartment building at 18 Edgewater Place in Beacon, NY; Built in 2024
