Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21-1/2 Nevins St Ellenville, NY 12428

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    Five-unit multifamily property on 0.45 acres in Ellenville, NY.

    Lot size:
    0.45 Acres

    Property Features for 21-1/2 Nevins St

    General Information

    Standard status
    Active
    Lot size
    0.45 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Yidel Rosenberg
    Source: Corcoran

    Listing Agency: MS REALTY GROUP USA, INC Listing Agent: Yidel Rosenberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multifamily Property in Ellenville

    This five-unit multifamily property, located in Ellenville, offers over 3,000 square feet of living space on a 0.45-acre lot. The building, constructed in 1910, is situated in the Town of Wawarsing within Ulster County. The property generates a monthly income of $6,626. There is potential to construct another single-family home on the property, with the possibility of obtaining a grant from the county for construction.
    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 Auto Repair Shop Gym & Fitness 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
    -74.399035
    Latitude
    41.711581

    Nearby Similar for Sale

    • $400,000
      4,200 SF

      Ellenville Mixed-Use Building For Sale

      4,200 sq ft mixed-use building in the heart of Ellenville.
      129 Canal St, Ellenville, NY 12428
      View Details
    • $799,000
      32.70 Acres

      Catskills Bungalow Colony on 32 Acres

      Charming bungalow colony with year-round homes on 32 acres.
      224 Camp Rd, Ellenville, NY 12428
      View Details
    • $350,000
      Pending

      Ellenville Duplex: Investment Opportunity

      Duplex with strong rental income, near amenities, ideal for investors.
      244 Canal St, Ellenville, NY 12428
      View Details
    • $399,999
      0.28 Acres

      Charming Multifamily Home in Ellenville

      Multifamily home in a quiet neighborhood, close to local amenities.
      8 Bartlett St, Ellenville, NY 12428
      View Details
    • $899,000
      Pending

      Fully Occupied Multifamily Investment

      Six-unit multifamily property in Ellenville, NY with parking.
      7 Maiden Ln, Ellenville, NY 12428
      View Details
    • $849,990
      2.00 Acres

      Historic Multifamily Investment Opportunity

      Legal 5-unit apartment building with income potential in Ellenville.
      3 Old Minisink Rd, Ellenville, NY 12428
      View Details
    • $599,000
      2.67 Acres

      Ellenville Redevelopment Opportunity

      Mixed-use property in thriving commercial area near golf course.
      188 S Main St, Ellenville, NY 12428
      View Details
    • $270,000
      1,593 SF

      Ellenville Duplex Investment Opportunity

      Two-unit property in Ellenville, NY, with reliable tenants.
      11 Tuthill Ave, Ellenville, NY 12428
      View Details
    • $314,900
      0.26 Acres

      Charming Ellenville Two-Family Home

      Two-unit property with garages, parking, and yard near downtown.
      4 Chapel St, Ellenville, NY 12428
      View Details
    • $2,000,000
      9,456 SF

      149 Acres Farmland with Cottages

      Farmland with stream, cottages, barns, and road frontage.
      8543 Route 209, Ellenville, NY 12428
      View Details
    • $299,000
      Pending

      Two-Family Home with Barn

      Two-family home in Ellenville, NY, with potential for additional dwelling.
      5 Park St, Ellenville, NY 12428
      View Details
    • $2,000,000
      149.00 Acres

      149 Acres Farmland with Stream

      Farmland with stream, cottages, barns, and Shawangunk Ridge views.
      8543 Route 209, Ellenville, NY 12428
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property on 0.45 acres in Ellenville, NY.
    Where is this apartment building located?
    The property is located at 21-1/2 Nevins St Ellenville, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Generates $6,626 monthly income.; - Opportunity to build an additional single-family home on the property.; - Potential to receive a county grant for new construction.
    (845) 367-7470
    Request Owner's contact information
    21-1/2 Nevins St Ellenville, NY 12428
    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.
    21-1/2 Nevins St
    Ellenville, NY 12428
    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
    21-1/2 Nevins St Ellenville, NY 12428
    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

    We can help!
    Listing Contact
    Yidel Rosenberg
    (845) 367-7470
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!