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586 Old Route 23 Cairo, NY 12413

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For Sale
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21-unit multifamily property on 4.7 acres near Hudson, NY.

Property size:
12,522 SF
Lot size:
4.70 Acres

Property Features for 586 Old Route 23

General Information

Standard status
Active
Size
12,522 SF
Lot size
4.70 Acres

Building Details

Year built
1960

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Listing Contact
Zev Eisenberg
Source: Crexi

Listing Agency: Hudson Modern Listing Agent: Zev Eisenberg

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Turn-Key Multifamily Investment Opportunity

This multifamily property features turn-key scale and operational efficiency. Situated on 4.7 acres, the property includes a main building with 10 units of varying sizes, a single-unit cottage, and two motel-style outbuildings, one with 8 units and another with 2 units, totaling 21 units. Twenty units are currently leased, with a 21st delivered leased at closing. The units are individually metered. The 4.7-acre parcel may offer additional development potential, subject to municipal approvals. The seller may consider up to 20% owner financing for qualified buyers. Located directly off Route 23, the property serves a tenant base spanning a range of incomes and occupations. Nearby communities including Hudson, Leeds, Catskill, and Windham are experiencing renewed investment and development activity, from boutique hospitality to mixed-use revitalization projects. The property delivers well-maintained housing, making it well-positioned in a region where demand for workforce housing continues to outpace supply. The property size is 12,522 square feet.
Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Restaurant Building Supply Garden Center Bed & Breakfast Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Cairo
County
Greene
State
New York
Longitude
-74.0574065
Latitude
42.3123746

FAQs

What type of property is this?
Apartment building - 21-unit multifamily property on 4.7 acres near Hudson, NY.
Where is this apartment building located?
The property is located at 586 Old Route 23 Cairo, NY.
What are key features of this property?
This property features: - Turn-key operation with 20 units currently leased and a 21st delivered leased at closing.; - 4.7-acre parcel with 5 detached buildings, offering potential for additional development (subject to approvals).; - Individually metered units for transparent operating expenses and clear NOI reporting.
More about this property
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