158 6th St, Verplanck, NY 10596

This offering presents the opportunity to acquire 158 6th Street, a five-unit free market multifamily property in Verplanck, NY. The property comprises one three-unit building and one two-unit building, along with an adjacent vacant parcel. Each unit features one bedroom and one bathroom. Tenants cover their electric usage and reimburse the landlord for a portion of the landlord-paid utilities. The landlord is responsible for heat, water, and hot water. Both buildings are of brick construction, with three of the five units having direct access from the outside. A private driveway provides ample parking space. The vacant parcel at 160 6th Street offers outdoor amenity space. Each building has its own separate boiler and oil tank, with one 550-gallon underground storage tank (UST) and one 330-gallon above-ground storage tank (AST), as well as independent septic systems. New energy-efficient windows were installed on the second floor of the rear building in 2025. A high-efficiency boiler was installed in the back building in 2022. The property offers potential for rent roll growth through base rental rate increases upon lease expiration, additional expense reimbursements, and charging for driveway parking. The property is located in the heart of Verplanck, within walking distance of local restaurants and the Hudson River waterfront, and a short 5-minute drive to Route 9, shopping, and public transportation. The Buchanan area is anticipating redevelopment of parcels associated with Indian Point.