19-23 Greenway Ln, Loch Sheldrake, NY 12759

Listing office Keller Williams Realty p***@kwcommercial.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

This three-unit building presents a unique investment opportunity with strong cash flow potential. The property features three townhouse-style units, constructed on ground-leased land within the SUNY Sullivan campus. Originally intended as supplemental housing, it now serves as the sole on-campus housing option, as all other housing options on campus have been decommissioned. The building is LEED certified. The college manages lease-up, management, and collections. The owner is responsible for capital projects. The owner receives revenue from the college and pays utility bills and insurance. The purchase includes the building only, situated on a ground lease with 15 years remaining, plus a 10-year option, with a cash buyout. The lease also provides an exclusive option to develop additional housing within the campus.

Suggested Use

Big Box & Wholesale Store Auto Parts Store Food Market Grocery & Convenience Store Cafe & Coffee Shop Car Rental Facility Arcade & Gaming Center Clothing & Fashion Store Restaurant Electrical Service

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

Location Insight

• Map
• Local Demand

City

Loch Sheldrake

County

Sullivan

State

New York

Longitude

-74.6351

Latitude

41.7717

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FAQs

What type of property is this?

Triplex - Three-unit building near SUNY Sullivan with cash flow potential.

Where is this triplex located?

The property is located at 19-23 Greenway Ln Loch Sheldrake, NY.

What is the asking price?

The asking price for this property is $1,999,999.

What are key features of this property?

This property features: Only on‑campus housing option.; College handles lease‑up, management, and collections, providing a 'mailbox money' opportunity.; Owner responsible for capital projects, with limited expected expenses.