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Apartment Building with Ground-Floor Commercial Space
For Sale
$535,000
Pending

37199 State Highway 23, Grand Gorge, NY 12434

COMMERCIAL - Grand Gorge, NY

Property Size6,336 SF
Lot Size0.55 Acres
Days on Market94

Property Features for 37199 State Highway 23

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 5
Rooms Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Parking features Garage
Exterior features GravelDriveway, PropaneTankLeased
Appliances ElectricOven, ElectricRange, ElectricWaterHeater, Refrigerator
Lot features Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district Roxbury
Middle school district Roxbury
High school district Roxbury
Directions From Stamford: Rt 23 east to Grand Gorge, building is on the left at the crossroads of Rt 23 and Rt 30
Subdivision Roxbury-124800
Standard status Pending
APN 91.2-3-18
Size 6,336 SF
Lot size 0.55 Acres

Taxes and HOA fees

Tax Annual Amount 9466

Utilities

Heating system Forced Air, Propane (Heating), Electric (Heating), Natural Gas
Water source Public

Building Details

Year built 1960
Floors in Building 2
Number of units 5
Flooring type Hardwood, Vinyl, Varies, Tile
Building materials CompositeSiding, FoamInsulation, Frame, SprayFoamInsulation, VinylSiding
Roof type Shingle, Asphalt, Rolled Hot Mop, Flat
Listing Agency: Windstar Realty Group LLC
Listed By: Susan L. Miller · License #10401309653
Added: Jun 3 Changed: Aug 4 Last Checked: Sep 4 at 5:06AM
MLS# R1687242

Copyright © 2026 New York State Alliance of MLSs, LLC. 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.

This renovated apartment building combines residential income with a ground-level commercial space. The residential portion includes three second-floor two-bedroom apartments and a first-floor one-bedroom unit. Apartment interiors feature hardwood floors, new cabinetry, fixtures, appliances, and energy star baseboard heat, along with updated lighting. Common areas include custom wainscotting, a new oak stairway, new oak stairway, high-end vinyl plank flooring, and new lighting.

The ground level is fully renovated and finished with high-end vinyl plank flooring. It includes a propane fireplace with a floor-to-ceiling slate stone facade, tongue-and-groove pine ceilings in the main area, and faux copper ceilings in the office area, with tiled kitchen and bath floors. The commercial space also has a new high-efficiency propane furnace.

Set on 0.55 acres, the property has frontage on two State Highways with access from both and parking for 15+ vehicles. Built in 1960, the building is serviced by public water and includes amenities such as a gravel driveway and a leased propane tank.

Key Highlights

  • 0.55‑acre property with frontage on two State Highways and access from both sides
  • Residential: three second‑floor 2‑bedroom apartments plus one first‑floor 1‑bedroom unit
  • Ground‑floor commercial space fully renovated with propane fireplace and floor‑to‑ceiling slate stone facade

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nail Salon Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby

Demographics for 12434, NY

622
Population
550
Households
1.1
Avg Household Size
52
Median Age
15%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
57
Density / Sq Mi
$48,558
Median Household Income
$55,366
Median Earnings
$920
Median Rent
$167,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - A renovated four-unit apartment building with fully renovated ground-floor commercial space and access from two State Highways.
Where is this apartment building located?
The property is located at 37199 State Highway 23 Grand Gorge, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 0.55‑acre property with frontage on two State Highways and access from both sides; Residential: three second‑floor 2‑bedroom apartments plus one first‑floor 1‑bedroom unit; Ground‑floor commercial space fully renovated with propane fireplace and floor‑to‑ceiling slate stone facade
More about this property
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