Garden-Style Apartment
For Sale
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69 Moon Manor Rd, Monticello, NY 12701
104-unit, two-story garden style multifamily community with on-site management and recent unit renovations.
Property SizeContact for details
Lot Size5.60 Acres
Days on Market134
Property Features for 69 Moon Manor Rd
General Information
Standard status
Active
Lot size
5.60 Acres
Property subtype
Multifamily
Additional Details
Cap Rate
9.97%
Multifamily Units
104
Building Details
Construction
garden style
Listing Agency:
Golden Star Realty Group
Listed By:
Joe Goldberg
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 1:29PM
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 Golden Star Realty Group
Investment Insights
Based on property information with market context.
Woodlands Village Development Apartments & Hillside Garden Apartments is a garden style multifamily offering totaling 104 units across multiple two-story buildings. 69 Moon Manor Rd. (Woodlands Village Development Apartments) contains 70 units ranging from studios to large four-bedroom layouts, with numerous units renovated recently. The remaining units are described as well maintained and in great condition, and the property is mostly occupied.
The development is also known as Hillside Garden Apartments, with 5-13 Hillside Ave. located about 1,000 feet from the Moon Manor property. The 34-unit complex consists of one-bedroom apartments, described as in master condition with a very low vacancy history, and units are currently rented below market value.
Both communities benefit from on-site management companies. Provided projections indicate Total Projected GOI of $1,210,800 and Total Projected NOI of $807,753, with a projected cap rate of 9.97%. With some units currently vacant due to ongoing renovations, the projected net income is $416,487 for the Moon Manor portion, and current gross income of $332,400 for the Hillside portion can increase to $367,200 with rent adjustments.
The development is also known as Hillside Garden Apartments, with 5-13 Hillside Ave. located about 1,000 feet from the Moon Manor property. The 34-unit complex consists of one-bedroom apartments, described as in master condition with a very low vacancy history, and units are currently rented below market value.
Both communities benefit from on-site management companies. Provided projections indicate Total Projected GOI of $1,210,800 and Total Projected NOI of $807,753, with a projected cap rate of 9.97%. With some units currently vacant due to ongoing renovations, the projected net income is $416,487 for the Moon Manor portion, and current gross income of $332,400 for the Hillside portion can increase to $367,200 with rent adjustments.
Key Highlights
- 104‑unit garden style multifamily community on 5.6 acres in Monticello, NY
- Two properties: 69 Moon Manor Rd has 70 units (studios through 4BR) and Hillside Garden Apartments has 34 1BR units
- Units housed in 10 two‑story buildings (garden style) across the development
Property Analytics
Current Use
Lease Details
104
Residential units
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 104-unit, two-story garden style multifamily community with on-site management and recent unit renovations.
Where is this apartment building located?
The property is located at 69 Moon Manor Rd Monticello, NY.
What are key features of this property?
This property features: 104‑unit garden style multifamily community on 5.6 acres in Monticello, NY; Two properties: 69 Moon Manor Rd has 70 units (studios through 4BR) and Hillside Garden Apartments has 34 1BR units; Units housed in 10 two‑story buildings (garden style) across the development
