Building Details

Year Built 1930

Buildings 1

Listing Agency: Berkshire Hathaway Home Services Blake

Listed By: Sharon M McArdle · License #10401288788 Show Phone

Source: Signatureonerealtygroup

Added: Oct 8 Changed: Oct 25 Last Checked: Oct 24 at 9:57PM

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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 Berkshire Hathaway Home Services Blake

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Investment Insights

Based on property information with market context.

This duplex contains two apartments, each arranged with three bedrooms, a full bathroom, kitchen, living room, and dining room. A three-season room with extensive glazing serves each unit. Original woodwork is present throughout, and the building has two electric meters and two boilers.

The property is on a country road near town, with access to the Berkshires, Chatham, Hudson, the Taconic State Parkway, and I-87. Albany is less than 30 minutes away.

Key Highlights

• Two apartments, each with three bedrooms and a full bathroom
• Each unit includes a kitchen, living room, dining room, and three‑season room
• Two electric meters and two boilers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,973

Cap Rate

8.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,460 $419.5K

Cap Rate 7%

$299,614 $299.6K

Cap Rate 9%

$233,033 $233.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,230 SF

Gross rent

$40.1K $18.00/SF

− Vacancy

−$2.0K −$0.90/SF

EGI

$38.1K $17.10/SF

− OpEx

−$17.2K −$7.69/SF

NOI

$21.0K $9.41/SF

Area

Columbia County, NY

Vacancy

5.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,460

Cap Rate 7%

$299,614

Cap Rate 9%

$233,033

Alternative Uses

Best Use

Multifamily LT 5

$341.4K

$298.7K – $398.3K (±1% cap)

NOI $23,897 @ 7.0% cap · market cap 9.30%

Second Best

Apartment 5plus

$299.6K

$262.2K – $349.6K (±1% cap)

NOI $20,973 @ 7.0% cap · market cap 8.16%

Theoretical Best

Office A

$551.7K

$482.8K – $643.7K (±1% cap)

NOI $38,620 @ 7.0% cap · market cap 15.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

79

Businesses Nearby

Explore this area Business Placement

Demographics for 12125, NY

1,478

Population

619

Households

2.4

Avg Household Size

39

Median Age

40%

College-Educated

96%

High-School Grad

16.0 sq mi

ZIP Area

92

Density / Sq Mi

$67,596

Median Household Income

$41,489

Median Earnings

$983

Median Rent

$247,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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2439 County Route 5, New Lebanon, NY 12125

$645,000

2,000 SF

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Highway Frontage Mixed-Use Property

614 Us Route 20, New Lebanon, NY 12125

$220,000

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate apartments each include a three-season room, electric meter, and boiler.

Where is this duplex located?

The property is located at 32 Lovers Lane New Lebanon, NY.

What is the asking price?

The asking price for this property is $257,000.

What are key features of this property?

This property features: Two apartments, each with three bedrooms and a full bathroom; Each unit includes a kitchen, living room, dining room, and three‑season room; Two electric meters and two boilers