Duplex with Finished Detached
For Sale
$569,900
263 Riley Road, New Windsor, NY 12553
Two private-entry apartments have separate utility meters, with municipal water and sewer serving the property.
Property Size2,432 SF
Lot Size1.30 Acres
Price / SF$234.33
Days on Market162
Property Features for 263 Riley Road
General Information
Standard status
Active
Size
2,432 SF
Total Parking Spaces
10
Lot size
1.30 Acres
Property subtype
Residential Income
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$10,862
Amenities
private entrance
large deck
washer/dryer hookups
detached finished garage
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
High Speed Internet
Walk Through Kitchen
Washer/Dryer Hookup
Fire Pit
Lighting
Mailbox
Building Details
Building Size
2,432 SF
Year Built
1998
Units
3
Listing Agency:
Curasi Realty, Inc.
(845) 457-9174
Listed By:
Jeffrey Lyons · License #10401274491
(845) 234-3375
Source:
Croninreale
Added: May 16
Changed: Oct 23
Last Checked: Oct 23 at 4:38PM
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 Curasi Realty, Inc.
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Investment Insights
Based on property information with market context.
This 2,432-square-foot duplex contains two apartments, each with 2 bedrooms, 1.5 baths, 10-foot ceilings, and its own entrance. Both units include a stove, refrigerator, dishwasher, and washer/dryer hookups. The upper apartment has a rear entry and large deck; the lower unit includes a front entry and additional storage. Each apartment has a separate above-ground oil tank, furnace, and utility meters, and tenants pay their own utilities. Municipal water and sewer serve the property.
Set on 1.3 acres, the property also includes a detached finished garage with electricity, plumbing, and a separate meter. The main house roof is 10 years old, and the garage roof was replaced in 2022. The property was built in 1998.
Set on 1.3 acres, the property also includes a detached finished garage with electricity, plumbing, and a separate meter. The main house roof is 10 years old, and the garage roof was replaced in 2022. The property was built in 1998.
Key Highlights
- Two apartments, each with 2 bedrooms, 1.5 baths, and approximately 1,216 square feet
- Each unit has a private entrance, 10‑foot ceilings, and separate utility meters
- 1.3 acres with a detached finished garage featuring electricity, plumbing, and its own meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,339
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,780
$966.8K
Cap Rate 7%
$690,557
$690.6K
Cap Rate 9%
$537,100
$537.1K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$71.5K $29.40/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$69.1K $28.39/SF
− OpEx
−$20.7K −$8.52/SF
NOI
$48.3K $19.88/SF
Area
Orange County, NY
Vacancy
3.42%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,780
Cap Rate 7%
$690,557
Cap Rate 9%
$537,100
Alternative Uses
Best Use
Multifamily LT 5
$690.6K
$604.2K – $805.7K
NOI $48,339 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$649.9K
$568.7K – $758.2K
NOI $45,492 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$823.7K
$720.7K – $961.0K
NOI $57,658 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 12553, NY
26,728
Population
11,150
Households
2.4
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
24.2 sq mi
ZIP Area
1,104
Density / Sq Mi
$94,207
Median Household Income
$50,749
Median Earnings
$1,612
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two private-entry apartments have separate utility meters, with municipal water and sewer serving the property.
Where is this duplex located?
The property is located at 263 Riley Road New Windsor, NY.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms, 1.5 baths, and approximately 1,216 square feet; Each unit has a private entrance, 10‑foot ceilings, and separate utility meters; 1.3 acres with a detached finished garage featuring electricity, plumbing, and its own meter
