Converted Duplex on Private
32 Old Route 199 Red Hook, NY 12571
For Sale
$899,000
MULTI_FAMILY - Red Hook, NY
Property Size3,500 SF
Lot Size4.00 Acres
Price / SF$256.86
Days on Market100
Property Features for 32 Old Route 199
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
7
Rooms
Bedroom 1, Laundry Room, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 7, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 6
Interior features
Master Downstairs
Fireplace
1
Standard status
Active
APN
134889 6172-00-625810-0000
Size
3,500 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11470
Utilities
Heating system
Oil, Forced Air
Building Details
Year built
1976
Floors in Building
1
Listing Agency:
JFIVE HOMES REALTY LLC
(845) 758-6842
Listed By:
Jennifer Fivelsdal
Added: Apr 22
Changed: Jul 30
Last Checked: Jul 30 at 8:06AM
MLS# 11715926
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Tucked away at the end of a long, private driveway, this converted duplex sits on four acres framed by mature trees and gardens. The original single-family residence has been thoughtfully converted into two spacious units separated by one wall, with the option to convert back to a grand single-family layout if desired. Unit one includes four bedrooms and three bathrooms, plus a finished basement that expands usable living space. Unit two offers two bedrooms and two bathrooms and has a proven track record as a successful Airbnb. Both residences feature a wood-burning fireplace and an additional wood stove for cozy, functional warmth.
Despite the privacy, the property is described as a short stroll to the village. Outdoor living is supported by expansive decks and porches, ideal for relaxing or entertaining while enjoying pastoral views. The grounds include multiple outbuildings, including a cottage suitable for an artist’s studio or fitness space, a former sheep barn with abundant storage, chicken coops, and an area previously used for organic vegetable gardening.
This setup will appeal to tenants, buyers, and operators looking for a flexible live-in or income-producing configuration. With two separate units and several functional structures on-site, the property supports multi-generational living, long-term rental use, or short-term rental operation depending on how the space is configured and managed.
Despite the privacy, the property is described as a short stroll to the village. Outdoor living is supported by expansive decks and porches, ideal for relaxing or entertaining while enjoying pastoral views. The grounds include multiple outbuildings, including a cottage suitable for an artist’s studio or fitness space, a former sheep barn with abundant storage, chicken coops, and an area previously used for organic vegetable gardening.
This setup will appeal to tenants, buyers, and operators looking for a flexible live-in or income-producing configuration. With two separate units and several functional structures on-site, the property supports multi-generational living, long-term rental use, or short-term rental operation depending on how the space is configured and managed.
Key Highlights
- Converted into 2 units with just one wall separating them; can be returned to a single‑family layout
- Unit 1: four bedrooms and three bathrooms, plus finished basement; currently generating steady long‑term rental income
- Unit 2: two bedrooms and two bathrooms; successful Airbnb track record
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $27.96 |
| − Vacancy | −$5.1k | −$1.45 |
| EGI | $92.8k | $26.51 |
| − OpEx | −$27.8k | −$7.95 |
| NOI | $64.9k | $18.55 |
3,500 SF · lease $27.96/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$927.7K
$811.8K – $1.08M
NOI $64,940 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$859.0K
$751.6K – $1.00M
NOI $60,129 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$1.05M
$921.9K – $1.23M
NOI $73,749 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two well-appointed units, multiple outbuildings, and fireplace-equipped living offer flexible ways to generate income or house extended family.
Where is this duplex located?
The property is located at 32 Old Route 199 Red Hook, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Converted into 2 units with just one wall separating them; can be returned to a single‑family layout; Unit 1: four bedrooms and three bathrooms, plus finished basement; currently generating steady long‑term rental income; Unit 2: two bedrooms and two bathrooms; successful Airbnb track record
