Two-Family Property on 1.3
263 Riley Road, New Windsor, NY 12553
New
MULTI_FAMILY - Ranch - New Windsor, NY
Type:Single Family Residence
Property size:
2,432 SFLot size:
1.30 AcresPrice / SF:
$234/SF- Added:
- May 14, 2026
- Days on Market:
- 3
- Last Refresh:
- May 16 at 2:06 pm
Property Features for 263 Riley Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2
- Parking
- 10
- Parking features
- Driveway, Parking Lot, Off Street
- Window features
- Insulated Windows, Blinds, Screens, Double Pane Windows
- Patio and Porch features
- Porch, Deck
- Interior features
- First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, High Speed Internet, Walk Through Kitchen, Washer/Dryer Hookup
- Exterior features
- Fire Pit, Lighting, Mailbox
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 334800-035-000-0001-075.110-0000
- Size
- 2,432 SF
- Lot size
- 1.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10863
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1998
- Number of units
- 3
- Flooring type
- Carpet, Linoleum
- Building materials
- Block
- Architectural style
- Ranch
Listing agent Jeffrey Lyons License #10401274491 (845) 234-3375
Listing office Curasi Realty, Inc. 1060 State Route 17K, Montgomery, NY (845) 457-9174
Listing date May 14, 2026
MLS# 000031
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong income potential with below‑market rents and separate utilities for each unit.
- Two spacious units, each with 2 bedrooms and 1.5 baths, offer approximately 1,216 sq ft of living space and private entrances.
- Large detached finished garage with electricity, plumbing, and separate meter, offering additional income or workshop space.
- Set on 1.3 private acres, providing privacy and ample parking plus additional off‑street parking.
- Major updates including a new boiler (2026), a 10‑year‑old roof on the main house, and a new roof on the detached garage (2022).
- Upper unit features a large deck and wooded backyard views, while the lower unit offers a front entrance with additional storage.
Overview
This two-family property, situated on 1.3 acres, presents an investment opportunity. Each unit has a private entrance, 12-foot ceilings, 2 bedrooms, and 1.5 baths, with approximately 1,216 square feet of living space. Both apartments include a stove, refrigerator, dishwasher, and washer/dryer hookups. The upper unit, currently rented for $1,700 per month, features a rear entrance, a large deck, and wooded backyard views. The lower unit, currently rented for $1,650 per month, offers a front entrance with additional storage. Tenants are on a month-to-month basis and responsible for their own utilities. The property has municipal water and sewer. Updates include a new boiler in 2026, a 10-year-old roof on the main house, and a new roof on the detached garage in 2022. Each apartment has its own above-ground oil tank, furnace, and separate meters. A detached finished garage is currently rented for $400 per month and includes electricity, plumbing, and its own meter.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$537.1K
NOI $48,339 @ 9.00% cap · cautious / downside scenario
Moderate
$690.6K
NOI $48,339 @ 7.00% cap · market / base-case scenario
Aggressive
$966.8K
NOI $48,339 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.5k | $29.40 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $69.1k | $28.39 |
| − OpEx | −$20.7k | −$8.52 |
| NOI | $48.3k | $19.88 |
2,432 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Windsor
- County
- Orange
- State
- New York
- Longitude
- -74.07215
- Latitude
- 41.464126
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family property with income potential in New Windsor.
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: Strong income potential with below‑market rents and separate utilities for each unit.; Two spacious units, each with 2 bedrooms and 1.5 baths, offer approximately 1,216 sq ft of living space and private entrances.; Large detached finished garage with electricity, plumbing, and separate meter, offering additional income or workshop space.
