Two-Unit Multifamily
720 New Salem Rd Voorheesville, NY 12186
720 New Salem Rd, Voorheesville, NY, 12186
$779,888
For Sale
$779,888
Two-unit multifamily home with an on-site studio cabana, private lot, and in-ground pool.
Property Size4,062 SF
Lot Size0.66 Acres
Price / SF$191
Days on Market75
Property Features for 720 New Salem Rd
General Information
- Standard status
- Active
- Size
- 4,062 SF
- Lot size
- 0.66 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
LOMBARDO HOMES & ESTATES
(516) 200-6448
Listed by
Joseph Lombardo · License #10311204851
(516) 200-6448
Source
Elliman
Added: May 8 Updated: Jul 20 at 7:10PM Checked: Jul 21 at 6:34AM
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 LOMBARDO HOMES & ESTATES
Investment Insights
Based on property information with market context.
This 2-unit multifamily residence offers flexible layout and on-site guest or rental space on a private 0.66-acre lot. The main residence includes multiple bedrooms, a full kitchen, living and dining rooms, laundry, a mud room, and a private theater room. The second unit features two to three bedrooms, a full bath, kitchen, living room, and two fireplaces. A separate pool house studio adds a one-story cabana apartment with kitchen, living room, and full bath.
The property includes resort-style outdoor amenities centered on an in-ground pool and a large gazebo, along with additional pool area space and mature landscaping. Interior amenities mentioned include a gym, home office, library, indoor and outdoor bars, and hot tub access, along with multiple walk-in closets. Heating is described as hot water oil heat, and the property includes a septic system and commercial water.
Additional features include a 3-bay garage, a storage shed, and a porch and canopy. The home was built in 1900 and is located in the Town of New Scotland / Village of Voorheesville area, identified as Zone X with minimal flood risk.
The property includes resort-style outdoor amenities centered on an in-ground pool and a large gazebo, along with additional pool area space and mature landscaping. Interior amenities mentioned include a gym, home office, library, indoor and outdoor bars, and hot tub access, along with multiple walk-in closets. Heating is described as hot water oil heat, and the property includes a septic system and commercial water.
Additional features include a 3-bay garage, a storage shed, and a porch and canopy. The home was built in 1900 and is located in the Town of New Scotland / Village of Voorheesville area, identified as Zone X with minimal flood risk.
Key Highlights
- 7‑bedroom, 4‑bath, 4,062 SF 2‑unit multifamily home built in 1900 on a 0.66‑acre private lot
- Includes a pool house studio with kitchen, living room, and a full bath, plus a separate second unit in the main residence
- Outdoor features include an in‑ground pool, huge gazebo, multiple pool areas, long driveway, expansive gardens, and mature landscaping
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.7k | $17.40 |
| − Vacancy | −$3.7k | −$0.90 |
| EGI | $67.0k | $16.50 |
| − OpEx | −$20.1k | −$4.95 |
| NOI | $46.9k | $11.55 |
4,062 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$670.0K
$586.3K – $781.7K
NOI $46,902 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$619.8K
$542.4K – $723.1K
NOI $43,388 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,727 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flynn & Loveridge Security ...
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit multifamily home with an on-site studio cabana, private lot, and in-ground pool.
Where is this duplex located?
The property is located at 720 New Salem Rd Voorheesville, NY.
What is the asking price?
The asking price for this property is $779,888.
What are key features of this property?
This property features: 7‑bedroom, 4‑bath, 4,062 SF 2‑unit multifamily home built in 1900 on a 0.66‑acre private lot; Includes a pool house studio with kitchen, living room, and a full bath, plus a separate second unit in the main residence; Outdoor features include an in‑ground pool, huge gazebo, multiple pool areas, long driveway, expansive gardens, and mature landscaping
