16-Unit Apartment Building with
For Sale
$2,195,000
764-766 Mountain Avenue, Cairo, NY 12413
Two residential buildings offer a studio, one-bedroom, and two-bedroom mix, with updates to shared systems and numerous apartment interiors.
Property Size10,880 SF
Price / SF$201.75
Days on Market42
Property Features for 764-766 Mountain Avenue
General Information
Standard status
Active
Size
10,880 SF
Property subtype
Commercial
Additional Details
Multifamily Units
16
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$28,568
Amenities
on-site laundry
Building Details
Building Size
10,880 SF
Year Built
1970
Buildings
2
Units
16
Listing Agency:
Century 21 New West Properties
(518) 943-2620
Listed By:
Natasha A. Witka · License #10491210760
(518) 331-1081
Source:
Adamstreetrealty
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 2 at 2:31AM
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 Century 21 New West Properties
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Investment Insights
Based on property information with market context.
This 16-unit apartment property at 764-766 Mountain Avenue comprises two residential buildings with studio, one-bedroom, and two-bedroom apartments. The buildings contain 6 and 10 units, respectively, and were built in 1970. Improvements include a reconstructed 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 provides additional revenue. Multiple apartment interiors have received updates to flooring, kitchens, bathrooms, appliances, fixtures, and water heaters.
Utility arrangements differ between the buildings: the 6-unit building has landlord-paid utilities, while tenants pay electric and electric heat in the 10-unit building. Several apartments are leased below projected market rents, and the property is projected to reach an approximate 9 cap rate at stabilized market rents. The property is in Round Top, within the Town of Cairo, in the Catskills.
Utility arrangements differ between the buildings: the 6-unit building has landlord-paid utilities, while tenants pay electric and electric heat in the 10-unit building. Several apartments are leased below projected market rents, and the property is projected to reach an approximate 9 cap rate at stabilized market rents. The property is in Round Top, within the Town of Cairo, in the Catskills.
Key Highlights
- 16 apartments across two buildings, with studio, one‑bedroom, and two‑bedroom layouts
- Buildings contain 6 and 10 units
- On‑site laundry facility contributes additional revenue
Property Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 12413, NY
2,914
Population
1,807
Households
1.6
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
16.6 sq mi
ZIP Area
176
Density / Sq Mi
$53,958
Median Household Income
$46,979
Median Earnings
$1,278
Median Rent
$208,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings offer a studio, one-bedroom, and two-bedroom mix, with updates to shared systems and numerous apartment interiors.
Where is this apartment building located?
The property is located at 764-766 Mountain Avenue Cairo, 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 buildings, with studio, one‑bedroom, and two‑bedroom layouts; Buildings contain 6 and 10 units; On‑site laundry facility contributes additional revenue
