Building Details

Year Built 1970

Buildings 2

Listing Agency: CENTURY 21 NEW WEST Show Phone

Listed By: NATASHA WITKA · License #10491210760 Show Phone

Source: Corcoran

Added: Sep 28 Changed: Oct 3 Last Checked: Oct 5 at 6:58PM

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Investment Insights

Based on property information with market context.

This 16-unit apartment property in Purling comprises two residential buildings with studio, one-bedroom, and two-bedroom layouts. Improvements completed over the past five years include a rebuilt water system, electrical work, new roofs, parking and drainage upgrades, exterior repairs, landscaping, and a new septic system designed by Kaaterskill Associates. The on-site laundry facility has also been renovated, and multiple apartments have received interior updates to kitchens, baths, flooring, appliances, fixtures, and water heaters.

The buildings contain six and 10 apartments, respectively. Utilities are landlord-paid in the six-unit building; residents in the 10-unit building pay electric, including electric heat. Laundry provides an additional revenue source. Some apartments are leased below projected market rents, and the property is projected to reach an approximate 9 cap rate at market rents.

Key Highlights

• 16 apartments across two residential buildings
• Studio, one‑bedroom, and two‑bedroom apartment layouts
• New septic system designed by Kaaterskill Associates

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Electrical Service Cafe & Coffee Shop Restaurant Hotel & Motel Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16

Residential units

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 12470, NY

648

Population

321

Households

2

Avg Household Size

45

Median Age

48%

College-Educated

86%

High-School Grad

12.0 sq mi

ZIP Area

54

Density / Sq Mi

$84,155

Median Household Income

$31,563

Median Earnings

$944

Median Rent

$220,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Two residential buildings combine varied apartment layouts with on-site laundry and a range of completed capital upgrades.

Where is this apartment building located?

The property is located at 764-766 Mountain Avenue Purling, NY.

What is the asking price?

The asking price for this property is $2,195,000.

What are key features of this property?

This property features: 16 apartments across two residential buildings; Studio, one‑bedroom, and two‑bedroom apartment layouts; New septic system designed by Kaaterskill Associates