Remodeled
For Sale
$334,500
630 County Route 61, Cambridge, NY 12816
The two-unit property overlooks a pond in Cambridge.
Property Size1,920 SF
Price / SF$174.22
Days on Market17
Property Features for 630 County Route 61
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1989
Listing Agency:
PennyDot Realty
Listed By:
Penny M Spiezio · License #10311209105
(518) 321-9767
Source:
Signatureonerealtygroup
Added: Sep 28
Changed: Oct 13
Last Checked: Oct 12 at 8:43PM
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 PennyDot Realty
Investment Insights
Based on property information with market context.
Built in 1989, this 1,920-square-foot duplex contains two residential units, both of which have been remodeled. The property has pond views and is located in Cambridge, New York.
Key Highlights
- Two residential units, both remodeled
- 1,920 square feet
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,230
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,600
$444.6K
Cap Rate 7%
$317,571
$317.6K
Cap Rate 9%
$247,000
$247.0K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$33.4K $17.40/SF
− Vacancy
−$1.7K −$0.86/SF
EGI
$31.8K $16.54/SF
− OpEx
−$9.5K −$4.96/SF
NOI
$22.2K $11.58/SF
Area
Washington County, NY
Vacancy
4.94%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,600
Cap Rate 7%
$317,571
Cap Rate 9%
$247,000
Alternative Uses
Best Use
Multifamily LT 5
$317.6K
$277.9K – $370.5K
NOI $22,230 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,822 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 12816, NY
4,366
Population
2,581
Households
1.7
Avg Household Size
49
Median Age
32%
College-Educated
93%
High-School Grad
59.9 sq mi
ZIP Area
73
Density / Sq Mi
$79,669
Median Household Income
$48,187
Median Earnings
$1,064
Median Rent
$213,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property overlooks a pond in Cambridge.
Where is this duplex located?
The property is located at 630 County Route 61 Cambridge, NY.
What is the asking price?
The asking price for this property is $334,500.
What are key features of this property?
This property features: Two residential units, both remodeled; 1,920 square feet; Built in 1989
