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    157 Vineyard Ave Highland, NY 12528

    Sponsored
    For Sale
    $2,900,000

    95,000 SF, 2.9-acre site, high potential.

    Property size:
    95,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 95,000 square foot property, situated on a 2.9-acre lot in Highland, New York (157 Vineyard Ave, 12528), presents a compelling redevelopment opportunity. Currently operating as a B-Class apartment building with 40% occupancy, the property boasts significant upside potential. The existing structure, built in 1940 and renovated in 2012, features one two-story building with three loading docks and three dock-high doors, offering 16-foot ceiling heights. The property is zoned for industrial use, providing flexibility for various development scenarios. With a current asking price of $2,900,000 ($30.53/sq ft), a 6.90% cap rate, and a net operating income (NOI) of $200,000, this represents a strong investment opportunity. The lease is a net lease with a one-year term commencing September 1, 2024, and expiring September 1, 2025. The property is bank-owned and offers rent bump potential. The land value alone is estimated at $50 per square foot. This prime location in the Hudson Valley offers the lowest rental rates in the area, making it ideal for various projects including senior housing, assisted living, self-storage, multi-family development, cluster housing, or warehousing. The property is owned by an LLC.

    Property Features for 157 Vineyard Ave

    General Information

    Property type
    Schools
    Square Feet
    95,000 SF
    Class
    B
    Lot Size
    126,324 SF

    Building Details

    Year Built/Renovated
    1940/2012
    Buildings
    1
    Stories
    2

    HighLights

    • Hudson Valley's lowest‑priced development site.
    • 2.9‑acre residential development site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Ulster
    State
    New York
    Longitude
    -73.97222644437
    Latitude
    41.713300204674

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    FAQs

    What type of property is this?
    School - 95,000 SF, 2.9-acre site, high potential.
    Where is this school located?
    The property is located at 157 Vineyard Ave Highland, NY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Hudson Valley's lowest-priced development site.; 2.9-acre residential development site.;
    Request Owner's contact information
    157 Vineyard Ave Highland, NY 12528
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    157 Vineyard Ave Highland, NY 12528
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