50-Unit Apartment
759 East Monroe St, Little Falls, NY 13365
For Sale
New
Contact for pricing
An existing HUD contract restricts occupancy to people age 62 or older or those who are legally disabled.
Property Size36,000 SF
Lot Size1.77 Acres
Price / SF$93.25
Days on Market7
Property Features for 759 East Monroe St
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Site & Location
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Cap Rate
Tenant in Place
Amenities
private deck
paved parking lot
window air conditioning
Building Details
Buildings
Listing Agency:
TITAN Commercial Realty Group LLC
Listed By:
Todd J. Drowlette · License NY #10491200889
(518) 400-0668
Source:
Crexi
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 8 at 3:01PM
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 TITAN Commercial Realty Group LLC
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Investment Insights
Based on property information with market context.
This 50-unit apartment property offers one-bedroom, one-bathroom layouts, with a private deck for each residence. Units measure approximately 700 square feet, and the building contains approximately 36,000 square feet. The existing HUD contract limits occupancy to people age 62 or older or those who are legally disabled.
Each apartment has separately metered utilities, electric heat, an electric hot water tank, and a window-mounted electric air-conditioning unit. The property is served by public water and sewer and includes a paved parking lot. It occupies 1.77 acres with approximately 366 feet of road frontage at 759 East Monroe St in Little Falls, New York.
Each apartment has separately metered utilities, electric heat, an electric hot water tank, and a window-mounted electric air-conditioning unit. The property is served by public water and sewer and includes a paved parking lot. It occupies 1.77 acres with approximately 366 feet of road frontage at 759 East Monroe St in Little Falls, New York.
Key Highlights
- 50 one‑bedroom, one‑bathroom apartments
- Approximately 700 square feet per unit; approximately 36,000 square feet total building area
- Private deck provided for every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,025
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,240,500
$5.2M
Cap Rate 7%
$3,743,214
$3.7M
Cap Rate 9%
$2,911,389
$2.9M
Market Conditions
NOI Build-Up for 36,000 SF
Gross rent
$518.4K $14.40/SF
− Vacancy
−$42.0K −$1.17/SF
EGI
$476.4K $13.23/SF
− OpEx
−$214.4K −$5.96/SF
NOI
$262.0K $7.28/SF
Area
Herkimer County, NY
Vacancy
8.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,240,500
Cap Rate 7%
$3,743,214
Cap Rate 9%
$2,911,389
Alternative Uses
Best Use
Apartment 5plus
$3.74M
$3.28M – $4.37M
NOI $262,025 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.72M
$9.38M – $12.50M
NOI $750,073 @ 7.0% cap · market cap 22.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
50
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 13365, NY
8,448
Population
4,066
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
123.6 sq mi
ZIP Area
68
Density / Sq Mi
$60,458
Median Household Income
$44,317
Median Earnings
$800
Median Rent
$121,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - An existing HUD contract restricts occupancy to people age 62 or older or those who are legally disabled.
Where is this apartment building located?
The property is located at 759 East Monroe St Little Falls, NY.
What is the asking price?
The asking price for this property is $3,357,000.
What are key features of this property?
This property features: 50 one‑bedroom, one‑bathroom apartments; Approximately 700 square feet per unit; approximately 36,000 square feet total building area; Private deck provided for every apartment
