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    720 NEW SALEM Road Voorheesville, NY 12186

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    New
    For Sale
    $779,888

    MULTI_FAMILY - Colonial - Call Listing Agent, NY

    Property size:
    4,062 SF
    Lot size:
    0.66 Acres
    Price / SF:
    $191/SF
    Added:
    May 3, 2026
    Days on Market:
    5
    Last Refresh:
    May 7 at 10:06 am

    Property Features for 720 NEW SALEM Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Basement, Bedroom 5, Bedroom 3, Bathroom 4, Bedroom 7, Bedroom 4, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
    Parking
    15
    Parking features
    Oversize, Open, Driveway, Garage
    Window features
    ENERGY STAR Qualified WIndows
    Interior features
    Washer/Dryer Hookup
    Fireplace
    1
    Basement
    Full
    Standard status
    Active
    APN
    013489 82.-2-28
    Size
    4,062 SF
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8131

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Energy Star Qualified Equipment (Heating)
    Cooling system
    ENERGY STAR Qualified Equipment
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    3
    Flooring type
    Hardwood, Tile - Ceramic
    Building materials
    Frame
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Joseph V. Lombardo CBR
    Joseph V. Lombardo CBR

    Listing agent Joseph V. Lombardo CBR

    Listing office Lombardo Homes & Estates 195 San Juan Dr, NY

    Listing date May 3, 2026

    MLS# 994294 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Resort‑style outdoor space with in‑ground pool, gazebo, pool house, and breathtaking mountain views.
    • Multi‑family estate with two units and a pool house studio, offering flexible living arrangements and income potential.
    • Luxury amenities including a cutting‑edge gym, home office, library, indoor & outdoor bars, and hot tub.
    • Spacious 4,062 sq. ft. residence with 7 bedrooms and 4 bathrooms on a large 0.66‑acre lot.
    • Located in the desirable Voorheesville Central School District with minimal flood risk (Zone X).
    • Historic charm (built 1900) blended with modern luxury upgrades and exceptional storage with 3 walk‑in closets in every bedroom.

    Overview

    Luxury Multi-Family Estate

    This sophisticated 7-bedroom, 4-bathroom, 4,062 sq. ft. multi-family residence is located on a private 0.66-acre lot in the desirable Voorheesville Central School District. Built in 1900, this 2-unit home blends historic charm with modern luxury upgrades, offering flexible living, income potential, and unparalleled outdoor entertainment. The main residence features 3 bedrooms downstairs plus additional space upstairs, a full kitchen, living room, dining room, 2 full baths, laundry, mud room, and a private theater room. The second unit includes 2-3 bedrooms, a full bath, a kitchen, a living room, and 2 fireplaces. A private 1-story cabana apartment with a kitchen, living room, and full bath serves as a pool house studio, perfect for guests or rental income. Each bedroom features 3 walk-in closets. Luxury amenities include a cutting-edge gym, home office, library, indoor & outdoor bars, hot tub, and expansive natural light. The property includes an in-ground pool with a large gazebo, a pool house, and a separate cabana studio. The property also features a picturesque long driveway, expansive gardens, and mature landscaping, as well as a 3-bay garage, storage shed, 120 sq ft porch, and 81 sq ft canopy. Additional features include hot water oil heat, a septic system, and commercial water. The main residence offers in-law suite potential. Located in the Town of New Scotland / Village of Voorheesville area (Zone X - minimal flood risk), this property delivers the perfect mix of elegant living, multi-generational flexibility, and resort-style outdoor space, ideal for families, investors, or those seeking a private retreat with income-generating units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flynn & Loveridge Security ... Corporate Office

    Suggested Use

    Restaurant Building Supply Daycare Center Grocery & Convenience Store HVAC Service Electronics & Wireless Store Computer & Electronic Repair Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Voorheesville
    County
    Albany
    State
    New York
    Longitude
    -73.968955
    Latitude
    42.62356

    Nearby Similar for Sale

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    • $399,900
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      Voorheesville Multi-Family Opportunity

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    • $375,000
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    FAQs

    What type of property is this?
    Multifamily property - Sophisticated 7-bedroom multi-family residence with mountain views and resort-style.
    Where is this multifamily property located?
    The property is located at 720 NEW SALEM Road 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: Resort‑style outdoor space with **in‑ground pool, gazebo, pool house, and breathtaking mountain views.**; Multi‑family estate with two units and a pool house studio, offering flexible living arrangements and income potential.; Luxury amenities including a **cutting‑edge gym, home office, library, indoor & outdoor bars, and hot tub.**
    (516) 200-6448
    We can help!
    Listing Contact
    Joseph V. Lombardo CBR
    Joseph V. Lombardo CBR
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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