Building Details

Building Size 5,720 SF

Year Built 1909

Listing Agency: RE/MAX Town & Country

Listed By: Michael Dunstan · License #10401295049 Show Phone

Source: Town-and-country-fishkill-ny.remax

Added: Jul 8 Changed: Oct 2 Last Checked: Oct 7 at 9:51AM

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Investment Insights

Based on property information with market context.

This eight-unit apartment building is classified as an 8-family property and contains units that are all configured as 2 bedrooms and 1 bathroom. The building is described as having no store unit, making it strictly residential in nature.

The property is conveniently located near public transportation.

Offered for sale as a residential income property, the building’s current unit mix is consistent across all apartments, each with the same two-bedroom, one-bath layout.

Key Highlights

• 4‑story apartment building built in 1909 with a full basement
• Eight units total: each apartment is a 2‑bedroom, 1‑bath layout
• No retail/store unit included—property has residential units only

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$178,963

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,579,260 $3.6M

Cap Rate 7%

$2,556,614 $2.6M

Cap Rate 9%

$1,988,478 $2.0M

Market Conditions

NOI Build-Up for 5,720 SF

Gross rent

$342.5K $59.88/SF

− Vacancy

−$17.1K −$2.99/SF

EGI

$325.4K $56.89/SF

− OpEx

−$146.4K −$25.60/SF

NOI

$179.0K $31.29/SF

Area

New York, NY

Vacancy

5.00%

Lease Rate

$59.88 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,579,260

Cap Rate 7%

$2,556,614

Cap Rate 9%

$1,988,478

Alternative Uses

Best Use

Apartment 5plus

$2.56M

$2.24M – $2.98M (±1% cap)

NOI $178,963 @ 7.0% cap · market cap 8.52%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$14.24M

$12.46M – $16.61M (±1% cap)

NOI $996,653 @ 7.0% cap · market cap 47.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home Dental Office Auto Parts Store HVAC Service Carpet & Flooring 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

Location Intelligence

Trade Area within ½ mile

6,266

Businesses Nearby

Explore this area Business Placement

Demographics for 11238, NY

60,090

Population

29,588

Households

2

Avg Household Size

35

Median Age

71%

College-Educated

93%

High-School Grad

1.8 sq mi

ZIP Area

33,383

Density / Sq Mi

$132,957

Median Household Income

$85,179

Median Earnings

$2,511

Median Rent

$1,146,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Eight 2-bedroom, 1-bath units in an apartment building with no retail store unit.

Where is this apartment building located?

The property is located at 567 Saint Johns Place 8 Brooklyn Ny, NY.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 4‑story apartment building built in 1909 with a full basement; Eight units total: each apartment is a 2‑bedroom, 1‑bath layout; No retail/store unit included—property has residential units only