Building Details

Year Built 1950

Buildings 3

Listing Agency: Compass Greater Ny, LLC Show Phone

Listed By: Virginia Corbett · License #10401314602 Show Phone

Source: Virginiacorbetthometeam

Added: Oct 30 Changed: Nov 3 Last Checked: Nov 3 at 6:18AM

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Investment Insights

Based on property information with market context.

This multifamily property brings together three separate residences with 2,760+ square feet of combined living space on 1.34 acres. The main home offers 970+ square feet, four bedrooms, one full bath, a foyer, and a porch. Two mobile homes provide 835+ square feet with three bedrooms and one full bath, and 955+ square feet with three bedrooms, one full bath, one half bath, and a deck. Each residence has its own electric meter.

Renovations across all three homes include new kitchens with white cabinetry, updated bathrooms, and new flooring. The property is within the Fallsburg Central School District and near Route 17, Catskills lakes, and trails.

Key Highlights

• Three residences with 10 bedrooms and 2,760+ square feet of combined living space
• Situated on 1.34 acres at 706 Glen Wild Road, Woodridge, NY 12789
• Main residence: 970+ square feet, 4 bedrooms, 1 full bath, foyer, and porch

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,070

Cap Rate

4.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$421,400 $421.4K

Cap Rate 7%

$301,000 $301.0K

Cap Rate 9%

$234,111 $234.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,760 SF

Gross rent

$41.7K $15.12/SF

− Vacancy

−$3.4K −$1.24/SF

EGI

$38.3K $13.88/SF

− OpEx

−$17.2K −$6.25/SF

NOI

$21.1K $7.63/SF

Area

Sullivan County, NY

Vacancy

8.20%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$421,400

Cap Rate 7%

$301,000

Cap Rate 9%

$234,111

Alternative Uses

Best Use

Apartment 5plus

$301.0K

$263.4K – $351.2K (±1% cap)

NOI $21,070 @ 7.0% cap · market cap 4.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$757.0K

$662.4K – $883.2K (±1% cap)

NOI $52,992 @ 7.0% cap · market cap 11.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

3

Residential units

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Explore this area Business Placement

Demographics for 12789, NY

1,930

Population

1,985

Households

1

Avg Household Size

40

Median Age

41%

College-Educated

93%

High-School Grad

15.9 sq mi

ZIP Area

121

Density / Sq Mi

$69,636

Median Household Income

$38,963

Median Earnings

$941

Median Rent

$159,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - Three updated residences on one parcel each have a separate electric meter and renovated kitchens, flooring, and bathrooms.

Where is this multifamily property located?

The property is located at 706 Glen Wild Rd Woodridge, NY.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Three residences with 10 bedrooms and 2,760+ square feet of combined living space; Situated on 1.34 acres at 706 Glen Wild Road, Woodridge, NY 12789; Main residence: 970+ square feet, 4 bedrooms, 1 full bath, foyer, and porch