Updated Duplex with Detached
For Sale
$698,888
59 Deer Trail S, Greenwood Lake, NY 10925
Two separate residences provide flexible owner-occupant and rental-use options.
Property Size1,800 SF
Days on Market10
Property Features for 59 Deer Trail S
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,600
Amenities
deck
garden
pond
private beach
fenced yard
Building Details
Building Size
1,800 SF
Year Built
1940
Units
2
Listing Agency:
Howard Hanna Rand Realty
(914) 522-9474
Listed By:
Brenda B. Wiley
(914) 522-9474
Source:
Cohenandcohenrealty
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 5 at 12:47PM
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 Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
Built in 1940, this duplex property includes two separate 2-bedroom, 1-bath homes and an oversized detached garage. The main residence offers slate and hardwood flooring, an updated kitchen with quartz countertops, newer appliances, a pellet stove, three primary-bedroom closets, and a renovated bathroom with a jetted tub and spa shower. The second home features hardwood floors, a bright kitchen with marble tile countertops, a cathedral-ceiling dining room, French doors, a private deck, and a clawfoot tub and shower.
Both homes have expansive decks, pellet stoves, pet doors, and enclosed fenced areas. The landscaped grounds include tiered gardens and a pond, while the garage provides space for vehicles, recreational equipment, workshop use, hobbies, office space, or storage. Heating and hot water systems have been updated in both residences, with transferable warranties on the new heating systems.
Located at 59 Deer Trail S in Greenwood Lake, the property offers access to a private beach for IPA residents, nearby hiking trails, the Appalachian Trail, ski resorts, wineries, restaurants, and the NYC bus line.
Both homes have expansive decks, pellet stoves, pet doors, and enclosed fenced areas. The landscaped grounds include tiered gardens and a pond, while the garage provides space for vehicles, recreational equipment, workshop use, hobbies, office space, or storage. Heating and hot water systems have been updated in both residences, with transferable warranties on the new heating systems.
Located at 59 Deer Trail S in Greenwood Lake, the property offers access to a private beach for IPA residents, nearby hiking trails, the Appalachian Trail, ski resorts, wineries, restaurants, and the NYC bus line.
Key Highlights
- Two separate 2‑bedroom, 1‑bath homes on one property
- Oversized detached garage with office space above
- Updated kitchens, bathrooms, heating systems, and hot water heaters
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 | $52.9k | $29.40 |
| − Vacancy | −$1.8k | −$1.01 |
| EGI | $51.1k | $28.39 |
| − OpEx | −$15.3k | −$8.52 |
| NOI | $35.8k | $19.88 |
1,800 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.1K
$447.2K – $596.3K
NOI $35,777 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$481.0K
$420.9K – $561.2K
NOI $33,670 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$609.6K
$533.4K – $711.3K
NOI $42,675 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 10925, NY
4,341
Population
2,220
Households
2
Avg Household Size
48
Median Age
35%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
472
Density / Sq Mi
$89,313
Median Household Income
$42,193
Median Earnings
$1,620
Median Rent
$342,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide flexible owner-occupant and rental-use options.
Where is this duplex located?
The property is located at 59 Deer Trail S Greenwood Lake, NY.
What is the asking price?
The asking price for this property is $698,888.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath homes on one property; Oversized detached garage with office space above; Updated kitchens, bathrooms, heating systems, and hot water heaters
