Renovated 5-Family Apartment
For Sale
$699,999
380 Mountaindale Road, Mountaindale, NY 12789
Updated kitchens, baths, flooring, windows, and roof support continued residential use across the building.
Property Size3,240 SF
Price / SF$216.05
Days on Market1381
Property Features for 380 Mountaindale Road
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Multi Family
Additional Details
Sprinkler System
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,027
Amenities
No, 12.00, No, Private
Level, Level, Square Feet
Hardwood
Hardwood Floors As Seen, Multi Family, Partial, Public, Water Access, Water View
Stainless Steel Appliance(s)
3240
Square Feet
Stainless Steel Appliances, Hardwood Floors As Seen, Water View, Water Access
Yes
Partial
Water Access
No
Private, Partial, Level
Building Details
Year Built
1970
Buildings
1
Construction
stucco
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Lizabeta Ndreu · License #10401294924
(914) 962-4900
Source:
Compass
Added: Jan 4, 2023
Changed: Oct 13
Last Checked: Oct 15 at 1:02AM
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 Houlihan Lawrence Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-family apartment building contains 3,240 square feet and was built in 1970. Interior improvements include renovated kitchens and bathrooms, updated flooring, hardwood elements, and stainless steel appliances. The property also benefits from a new roof, energy-efficient windows, and a sprinkler system. Construction details include stucco exterior finishes and a block and brick/mortar foundation.
The paved lot provides parking for 12+ vehicles. Water access and a water view are also identified among the property features, adding to the building’s physical setting. Electric ovens, electric ranges, and an electric water heater are included among the listed appliances.
The paved lot provides parking for 12+ vehicles. Water access and a water view are also identified among the property features, adding to the building’s physical setting. Electric ovens, electric ranges, and an electric water heater are included among the listed appliances.
Key Highlights
- 5‑family apartment building with 3,240 square feet
- Renovated kitchens, bathrooms, and flooring
- New roof and energy‑efficient windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,734
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,680
$494.7K
Cap Rate 7%
$353,343
$353.3K
Cap Rate 9%
$274,822
$274.8K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$49.0K $15.12/SF
− Vacancy
−$4.0K −$1.24/SF
EGI
$45.0K $13.88/SF
− OpEx
−$20.2K −$6.25/SF
NOI
$24.7K $7.63/SF
Area
Sullivan County, NY
Vacancy
8.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,680
Cap Rate 7%
$353,343
Cap Rate 9%
$274,822
Alternative Uses
Best Use
Apartment 5plus
$353.3K
$309.2K – $412.2K
NOI $24,734 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.7K
$777.6K – $1.04M
NOI $62,208 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 12789, NY
1,930
Population
1,985
Households
1
Avg Household Size
40
Median Age
41%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
121
Density / Sq Mi
$69,636
Median Household Income
$38,963
Median Earnings
$941
Median Rent
$159,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated kitchens, baths, flooring, windows, and roof support continued residential use across the building.
Where is this apartment building located?
The property is located at 380 Mountaindale Road Mountaindale, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 5‑family apartment building with 3,240 square feet; Renovated kitchens, bathrooms, and flooring; New roof and energy‑efficient windows
