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Renovated Mixed-Use Property
For Sale
$535,000
Pending

37199 State Highway 23, Grand Gorge, NY 12434

MultiFamily, Grand Gorge, NY

Property Size6,336 SF
Lot Size0.55 Acres
Days on Market109

Property Features for 37199 State Highway 23

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 5
Rooms Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Basement
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), Natural Gas, Electric (Heating)
Water source Public

Building Details

Year built 1960
Floors in Building 2
Number of units 5
Flooring type Tile, Vinyl, Varies, Hardwood
Building materials CompositeSiding, FoamInsulation, Frame, SprayFoamInsulation, VinylSiding
Roof type Rolled Hot Mop, Asphalt, Shingle, Flat
Listing Agency: Windstar Realty Group LLC
Listed By: Susan L. Miller · License #10401309653
Added: Jun 3 Changed: Sep 16 Last Checked: Sep 19 at 6:06AM
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 6,336-square-foot mixed-use property combines four residential apartments with renovated commercial space on the ground level. The residential component includes three second-floor two-bedroom apartments and one first-floor one-bedroom unit. Interior improvements include hardwood flooring, updated cabinetry, fixtures, appliances, Energy Star baseboard heat, and new lighting. Shared areas feature custom wainscoting, an oak stairway, vinyl plank flooring, and updated lighting.

The commercial area includes a main room with a propane fireplace framed by floor-to-ceiling slate stone, a tongue-and-groove pine ceiling, an office with a faux copper ceiling, and tiled kitchen and bathroom floors. A high-efficiency propane furnace serves the commercial space. The property occupies 0.55 acres with access from both of its State Highway frontages and parking for more than 15 vehicles. Public water, a garage, and a combination of composite and vinyl siding are also included.

Key Highlights

  • 6,336‑square‑foot mixed‑use building with four apartments and ground‑level commercial space
  • Three second‑floor 2‑bedroom apartments plus one first‑floor 1‑bedroom unit
  • 0.55 acres with frontage on two State Highways and access from both

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Mixed-use property - Renovated apartments are paired with finished commercial space in a flexible mixed-use building.
Where is this mixed-use property 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: 6,336‑square‑foot mixed‑use building with four apartments and ground‑level commercial space; Three second‑floor 2‑bedroom apartments plus one first‑floor 1‑bedroom unit; 0.55 acres with frontage on two State Highways and access from both
More about this property
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