Multifamily Property with Covered
New
For Sale
$769,000
337-339 State Route 17m #1.5, Monroe, NY 10950
Multiple kitchens, bright living areas, and substantial exterior space add flexibility to this multifamily property.
Property SizeContact for details
Days on Market6
Property Features for 337-339 State Route 17m #1.5
General Information
Standard status
Active
Property subtype
Commercial
Net Operating Income
$60,707
Financials
Asking Price
$769,000
Cap Rate
7.89%
Gross Income
$72,000
Gross Rent Multiplier
10.68
Taxes and HOA fees
Annual Taxes
$8,793
Amenities
Central air
Central Air Cooling
Natural Gas Heating
Building Details
Year Built
1900
Listing Agency:
FLAG REALTY GROUP
(845) 205-0089
Listed By:
JOSEPH ROSENFELD
Source:
Corcoran
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 9:12AM
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 FLAG REALTY GROUP
Investment Insights
Based on property information with market context.
Built in 1900, this multifamily property at 337-339 State Route 17m #1.5 includes spacious bedrooms, multiple kitchens, and bright living areas arranged across flexible floor plans. A large covered porch expands the usable exterior area, while a detached storage shed and separate deck or work area provide additional utility. Mature trees surround the property, creating a private outdoor setting, and ample off-street parking is provided.
The property is located in Monroe, NY, with access to shopping, restaurants, schools, and major roadways. Investment metrics include a 7.89% cap rate, 1.39x DSCR, 10.68 GRM, and a 7.6 cash-on-cash return. The configuration also supports extended-family or owner-occupant use while retaining multifamily income potential.
The property is located in Monroe, NY, with access to shopping, restaurants, schools, and major roadways. Investment metrics include a 7.89% cap rate, 1.39x DSCR, 10.68 GRM, and a 7.6 cash-on-cash return. The configuration also supports extended-family or owner-occupant use while retaining multifamily income potential.
Key Highlights
- Multifamily property built in 1900
- 7.89% cap rate, 1.39x DSCR, 10.68 GRM, and 7.6 cash‑on‑cash return
- Multiple kitchens and bright living areas
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 10950, NY
62,741
Population
17,531
Households
3.6
Avg Household Size
21
Median Age
26%
College-Educated
85%
High-School Grad
36.8 sq mi
ZIP Area
1,705
Density / Sq Mi
$77,123
Median Household Income
$38,496
Median Earnings
$1,693
Median Rent
$458,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple kitchens, bright living areas, and substantial exterior space add flexibility to this multifamily property.
Where is this multifamily property located?
The property is located at 337-339 State Route 17m #1.5 Monroe, NY.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Multifamily property built in 1900; 7.89% cap rate, 1.39x DSCR, 10.68 GRM, and 7.6 cash‑on‑cash return; Multiple kitchens and bright living areas
