Fully Occupied Multifamily
For Sale
$539,000
15 Brown St, Livingston Manor, NY 12758
Turnkey, fully occupied multifamily property with recently renovated, updated units and steady rental income.
Property Size3,708 SF
Days on Market179
Property Features for 15 Brown St
General Information
Standard status
Active
Size
3,708 SF
Property subtype
Investment
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$5,155
Building Details
Building Size
3,708 SF
Year Built
1950
Units
2
Tenancy
Multi
Listing Agency:
Nationwide Houses LLC
Listed By:
Shlome Knobloch
(845) 274-3911
Source:
Elliman
Added: Apr 27
Changed: Oct 16
Last Checked: Oct 20 at 10:36PM
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 Nationwide Houses LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully occupied multifamily property is presented as a turnkey investment with recently renovated and updated units. The building is described as having solid tenancy with zero vacancy, supported by reliable rental income.
Broker remarks indicate strong income performance with major improvements already completed, positioning the asset for stable returns from day one. The property is also offered as an income-producing option for an investor, with the possibility that a future end user could occupy one of the units while continuing to receive tenant-generated income.
Additional details include walkability and bikeability scores of 41 and 13, respectively, suggesting a more car-dependent area based on the provided information.
Broker remarks indicate strong income performance with major improvements already completed, positioning the asset for stable returns from day one. The property is also offered as an income-producing option for an investor, with the possibility that a future end user could occupy one of the units while continuing to receive tenant-generated income.
Additional details include walkability and bikeability scores of 41 and 13, respectively, suggesting a more car-dependent area based on the provided information.
Key Highlights
- Fully occupied multi‑family property with zero vacancy and stable rental income
- Recently renovated units with updated interiors to support current income
- Year built 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,307
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,140
$566.1K
Cap Rate 7%
$404,386
$404.4K
Cap Rate 9%
$314,522
$314.5K
Market Conditions
NOI Build-Up for 3,708 SF
Gross rent
$56.1K $15.12/SF
− Vacancy
−$4.6K −$1.24/SF
EGI
$51.5K $13.88/SF
− OpEx
−$23.2K −$6.25/SF
NOI
$28.3K $7.63/SF
Area
Sullivan County, NY
Vacancy
8.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,140
Cap Rate 7%
$404,386
Cap Rate 9%
$314,522
Alternative Uses
Best Use
Apartment 5plus
$404.4K
$353.8K – $471.8K
NOI $28,307 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$889.9K – $1.19M
NOI $71,194 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 12758, NY
4,033
Population
3,114
Households
1.3
Avg Household Size
46
Median Age
25%
College-Educated
91%
High-School Grad
153.6 sq mi
ZIP Area
26
Density / Sq Mi
$50,577
Median Household Income
$41,036
Median Earnings
$938
Median Rent
$171,000
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Turnkey, fully occupied multifamily property with recently renovated, updated units and steady rental income.
Where is this multifamily property located?
The property is located at 15 Brown St Livingston Manor, NY.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Fully occupied multi‑family property with zero vacancy and stable rental income; Recently renovated units with updated interiors to support current income; Year built 1950
