43 Freeland Street Monroe, NY 10950
Built in 2020, this leased multi-use facility includes dorm-style space, residential units, and parking for 15+ vehicles.
- Added:
- Mar 13, 2026
- Days on Market:
- 122
- Last Refresh:
- Jul 9 at 2:08 am
Property Features for 43 Freeland Street
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 2.90 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2020
Listing office Nazma Real Estate LLC
Listing date Mar 13, 2026
Source Resortrealtycatskills
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 Nazma Real Estate LLC
Investment Insights
Based on property information with market context.
Located in the Village of Monroe with convenient access to shopping, services, and major roadways, while maintaining a private, gated setting.
With a flexible layout and existing dormitory/residential configuration, the property may be suited to a range of permitted uses subject to municipal approvals and zoning requirements, including educational facility, residential program, office space, wellness or medical services, retreat facility, hospitality use, or event space.
Key Highlights
- Built in 2020: approx. 12,000 sq ft multi‑use building on a private gated 2.9‑acre property in the Village of Monroe, NY
- Currently leased and configured for residential/institutional use, with dormitory space and residential units
- Includes four full kitchens, 15 bedrooms, and 28 bathrooms, supporting flexible room configurations
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $423.4k | $35.28 |
| − Vacancy | −$15.2k | −$1.27 |
| EGI | $408.1k | $34.01 |
| − OpEx | −$183.7k | −$15.30 |
| NOI | $224.5k | $18.71 |
