Two-Family Residential
For Sale
$349,000
60 Prospect Street, Philmont, NY 12565
Two separate apartments each offer bedrooms, a bath, and a private outdoor patio with off-street parking.
Property Size2,500 SF
Days on Market248
Property Features for 60 Prospect Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,877
Building Details
Building Size
2,500 SF
Year Built
1900
Listing Agency:
William Raveis Real Estate
Listed By:
Paige Paluch · License #10401374886
Source:
Tkgre
Added: Feb 20
Changed: Oct 25
Last Checked: Oct 24 at 11:29PM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
This two-family residential income property includes a lower unit with 3 bedrooms and 1 bathroom and an upper unit with 2 bedrooms and 1 bathroom. Each apartment has its own outdoor patio and receives abundant natural light. The property is described as well maintained throughout, with separately metered apartments for straightforward utility management.
Located in the heart of Philmont, the home provides off-street parking. The offering notes long-term tenants in place.
With two independent units and separate metering, the building is configured to support clear, apartment-level expense tracking while maintaining a traditional, character-oriented layout.
Located in the heart of Philmont, the home provides off-street parking. The offering notes long-term tenants in place.
With two independent units and separate metering, the building is configured to support clear, apartment-level expense tracking while maintaining a traditional, character-oriented layout.
Key Highlights
- Two‑family home built in 1900 in Philmont
- Lower unit: 3 bedrooms and 1 bath with generous living space
- Upper unit: 2 bedrooms and 1 bath with a private outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,791
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,820
$535.8K
Cap Rate 7%
$382,729
$382.7K
Cap Rate 9%
$297,678
$297.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$40.5K $16.20/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$38.3K $15.31/SF
− OpEx
−$11.5K −$4.59/SF
NOI
$26.8K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,820
Cap Rate 7%
$382,729
Cap Rate 9%
$297,678
Alternative Uses
Best Use
Multifamily LT 5
$382.7K
$334.9K – $446.5K
NOI $26,791 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$335.9K
$293.9K – $391.9K
NOI $23,513 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$618.5K
$541.2K – $721.6K
NOI $43,296 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
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Business Placement
Demographics for 12565, NY
1,402
Population
744
Households
1.9
Avg Household Size
43
Median Age
26%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
1,001
Density / Sq Mi
$62,972
Median Household Income
$32,734
Median Earnings
$1,036
Median Rent
$215,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments each offer bedrooms, a bath, and a private outdoor patio with off-street parking.
Where is this duplex located?
The property is located at 60 Prospect Street Philmont, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑family home built in 1900 in Philmont; Lower unit: 3 bedrooms and 1 bath with generous living space; Upper unit: 2 bedrooms and 1 bath with a private outdoor patio
