4-6 Hurd Ave, Garnerville, NY 10923

Building Details

Year Built 1962 More

Listing Agency: Keller Williams Hudson Valley

Listed By: Dov Tessler · License #10401303907 Show Phone

Source: Searchhomesinlongisland

Added: Oct 21 Changed: Nov 8 Last Checked: Nov 8 at 7:10AM

Report an Issue

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 Keller Williams Hudson Valley

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The 2,730-square-foot property contains four apartments, each configured with one bedroom, one full bathroom, a kitchen, and a living room. Separate utility meters serve each unit. The first-floor apartment on the left has central air conditioning, and a large driveway provides off-street parking.

Built in 1962, the building has four expired leases.

Key Highlights

• Four apartments, each with 1 bedroom and 1 full bathroom
• 2,730 square feet of living space
• Separate utility meters for each apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,243

Cap Rate

6.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$964,860 $964.9K

Cap Rate 7%

$689,186 $689.2K

Cap Rate 9%

$536,033 $536.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,730 SF

Gross rent

$73.7K $27.00/SF

− Vacancy

−$4.8K −$1.76/SF

EGI

$68.9K $25.25/SF

− OpEx

−$20.7K −$7.57/SF

NOI

$48.2K $17.67/SF

Area

Rockland County, NY

Vacancy

6.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$964,860

Cap Rate 7%

$689,186

Cap Rate 9%

$536,033

Alternative Uses

Best Use

Multifamily LT 5

$689.2K

$603.0K – $804.1K (±1% cap)

NOI $48,243 @ 7.0% cap · market cap 6.56%

Second Best

Apartment 5plus

$639.1K

$559.3K – $745.7K (±1% cap)

NOI $44,740 @ 7.0% cap · market cap 6.09%

Theoretical Best

Specialty Retail

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,351 @ 7.0% cap · market cap 17.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

671

Businesses Nearby

Explore this area Business Placement

Demographics for 10923, NY

9,489

Population

2,909

Households

3.3

Avg Household Size

39

Median Age

36%

College-Educated

85%

High-School Grad

2.0 sq mi

ZIP Area

4,745

Density / Sq Mi

$95,769

Median Household Income

$55,947

Median Earnings

$1,827

Median Rent

$459,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Four individual apartments provide separate kitchens, living rooms, and utility meters.

Where is this quadplex located?

The property is located at 4-6 Hurd Ave Garnerville, NY.

What is the asking price?

The asking price for this property is $735,000.

What are key features of this property?

This property features: Four apartments, each with 1 bedroom and 1 full bathroom; 2,730 square feet of living space; Separate utility meters for each apartment