Philmont Two-Unit Investment
52 Main Street Philmont, NY 12565
52 Main Street, Philmont, NY, 12565
Contact for pricing
For Sale
Contact for pricing
Pending
Turnkey two-unit property with positive cash flow and mountain views.
Property Size1,566 SF
Days on Market114
Property Features for 52 Main Street
General Information
- Standard status
- Pending
- Size
- 1,566 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1894
Listing Agency
Davala Real Estate, LLC
Listed by
Heather Davala · License #10301219530
Source
Crexi
Added: Mar 27 Checked: Jul 17 at 10:31 am
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 Davala Real Estate, LLC
Investment Insights
Based on property information with market context.
Located in the Village of Philmont, this two-unit property presents an investment opportunity with positive cash flow. Each unit includes 2 bedrooms and 1 full bath, along with updated interiors. Outdoor living spaces are provided, with a private porch for one apartment and a balcony for the other. One of the apartments features views of the Catskill Mountain range. Both units are currently rented, offering immediate income. As one of the last row houses in the village, the property combines historic charm with updates and village convenience. The property is an income-producing opportunity. Additional features include a dedicated off-road driveway and public water and sewer. The property size is 1566 square feet.
Key Highlights
- Immediate positive cash flow from two currently rented units.
- Sweeping Catskill Mountain views from Apartment Two's balcony.
- Turnkey property with updated interiors and exterior.
Local Financial Insights For Multifamily LT 5
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 | $25.4k | $16.20 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $24.0k | $15.31 |
| − OpEx | −$7.2k | −$4.59 |
| NOI | $16.8k | $10.72 |
1,566 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.7K
$209.8K – $279.7K
NOI $16,782 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$210.4K
$184.1K – $245.5K
NOI $14,728 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$387.4K
$339.0K – $452.0K
NOI $27,121 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Netdazzle Solutions
Consultant
FAQs
What type of property is this?
Duplex - Turnkey two-unit property with positive cash flow and mountain views.
Where is this duplex located?
The property is located at 52 Main Street Philmont, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Immediate positive cash flow from two currently rented units.; Sweeping Catskill Mountain views from Apartment Two's balcony.; Turnkey property with updated interiors and exterior.
