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Renovated Multifamily Apartment Building
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50 S Montgomery St, Walden, NY 12586

B2-zoned property includes apartments and a vacant commercial area.

Property SizeContact for details
Days on Market143

Property Features for 50 S Montgomery St

General Information

Standard status Active
Property subtype Multifamily
Zoning B2

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 2BR, 2 x 1BR, 3 x Studio
Multifamily Units 8

Amenities

vegetable garden/farm
Listing Agency: J.Philip Commercial Group LLC
Listed By: Jennifer Maher · License #NY RES.0809552
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 1:44PM

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 J.Philip Commercial Group LLC

Investment Insights

Based on property information with market context.

Located at 50 S Montgomery St in Walden, New York, this multifamily property contains eight apartments: three two-bedroom units, two one-bedroom units, and three studios. Most apartments have been renovated, and the building is described as low maintenance. A commercial unit is currently vacant and used for owner storage.

The property includes a 15,000-square-foot parking lot that is not currently generating income, along with a large vegetable garden or farm on the premises. B2 zoning is in place. The property is near I-84 and I-87, with bus and train stations nearby and access toward Rockland County, New Jersey, and New York City.

Key Highlights

  • Eight apartments: 3 two‑bedroom, 2 one‑bedroom, and 3 studio units
  • Most apartments have been renovated
  • B2 zoning with a vacant commercial unit used for owner storage

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Spa & Massage Center Dental Office HVAC Service Skin Care Clinic Real Estate Agency Grocery & Convenience 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

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

395
Businesses Nearby

Demographics for 12586, NY

13,087
Population
4,711
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
23.8 sq mi
ZIP Area
550
Density / Sq Mi
$94,107
Median Household Income
$47,188
Median Earnings
$1,576
Median Rent
$335,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - B2-zoned property includes apartments and a vacant commercial area.
Where is this apartment building located?
The property is located at 50 S Montgomery St Walden, NY.
What are key features of this property?
This property features: Eight apartments: 3 two‑bedroom, 2 one‑bedroom, and 3 studio units; Most apartments have been renovated; B2 zoning with a vacant commercial unit used for owner storage
More about this property
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