Six-Unit Apartment
61 Fusco Drive, Jefferson, NY 12093
For Sale
$975,000
MultiFamily, Jefferson, NY
Property Size6,908 SF
Lot Size36.97 Acres
Price / SF$141.14
Days on Market143
Property Features for 61 Fusco Drive
General Information
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Parking features
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Elementary school district
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Directions
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Standard status
APN
Size
Lot size
Additional Details
Currently Operating
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Building Details
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Buildings
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 746-3000
Listed By:
Susan Muther · License NY #10401290369
(607) 435-0470
Added: Jun 25
Changed: Nov 6
Last Checked: Nov 14 at 12:06AM
MLS# R1692261
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This apartment property includes six one-bedroom, one-bathroom units in a 6,908-square-foot building. A separate 2020 doublewide with three bedrooms and two bathrooms sits on a concrete slab and provides another residential component. The property has two septic systems, a well, DCEC electric service, and MTC fiber internet.
The 36.97-acre parcel includes a man-made lake of approximately 9 acres, an open meadow, and a cleared building area with lake and mountain views. An existing logging road from Titus Lake Road provides a separate access route that bypasses the rental buildings. The site also includes a 40-foot rock ledge and two potential home sites.
The 36.97-acre parcel includes a man-made lake of approximately 9 acres, an open meadow, and a cleared building area with lake and mountain views. An existing logging road from Titus Lake Road provides a separate access route that bypasses the rental buildings. The site also includes a 40-foot rock ledge and two potential home sites.
Key Highlights
- 36.97‑acre property with an approximately 9‑acre man‑made lake
- Apartment building with six 1BR/1BA units
- Separate 2020 3BR/2BA doublewide on a concrete slab
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,564
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,280
$1.4M
Cap Rate 7%
$1,008,057
$1.0M
Cap Rate 9%
$784,044
$784.0K
Market Conditions
NOI Build-Up for 6,908 SF
Gross rent
$136.8K $19.80/SF
− Vacancy
−$8.5K −$1.23/SF
EGI
$128.3K $18.57/SF
− OpEx
−$57.7K −$8.36/SF
NOI
$70.6K $10.21/SF
Area
Schoharie County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,280
Cap Rate 7%
$1,008,057
Cap Rate 9%
$784,044
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$882.1K – $1.18M
NOI $70,564 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,577 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 12093, NY
1,576
Population
1,107
Households
1.4
Avg Household Size
50
Median Age
27%
College-Educated
92%
High-School Grad
65.3 sq mi
ZIP Area
24
Density / Sq Mi
$61,250
Median Household Income
$50,156
Median Earnings
$883
Median Rent
$162,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The larger property includes a lake, a separate 2020 doublewide, and additional undeveloped building sites.
Where is this apartment building located?
The property is located at 61 Fusco Drive Jefferson, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 36.97‑acre property with an approximately 9‑acre man‑made lake; Apartment building with six 1BR/1BA units; Separate 2020 3BR/2BA doublewide on a concrete slab
