Seven-Unit Multifamily
New
For Sale
$529,900
935 US Route 11, Hastings, NY 13036
Income-producing 7-unit property on highly traveled US Route 11 in Hastings, NY.
Days on Market7
Property Features for 935 US Route 11
General Information
Standard status
Active
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
7
Building Details
Building Size
3,612 SF
Year Built
1940
Tenancy
Multi
Listing Agency:
Acropolis Realty Group LLC
(315) 396-0493
Listed By:
Amanda Faatz
(315) 396-0493
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 31 at 12:21PM
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 Acropolis Realty Group LLC
Investment Insights
Based on property information with market context.
This income-producing multifamily property consists of seven units and is being offered for sale at 935–941 US Route 11 in Hastings, NY. It is set up to generate immediate rental income for an owner seeking a smaller residential income asset.
The property is positioned along US Route 11 and is described as providing convenient access to Central Square and Interstate 81, with nearby amenities. Based on the included mobility metrics, the area scores 28 on BikeScore (somewhat bikeable) and 9 on WalkScore (car-dependent).
The property is positioned along US Route 11 and is described as providing convenient access to Central Square and Interstate 81, with nearby amenities. Based on the included mobility metrics, the area scores 28 on BikeScore (somewhat bikeable) and 9 on WalkScore (car-dependent).
Key Highlights
- 7‑unit income‑producing multifamily property built in 1940
- Located at 935‑941 US Route 11 in Hastings, NY on a highly traveled route
- Described as cash‑flowing and providing immediate rental income
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.3k | $14.76 |
| − Vacancy | −$2.9k | −$0.81 |
| EGI | $50.4k | $13.95 |
| − OpEx | −$22.7k | −$6.28 |
| NOI | $27.7k | $7.67 |
3,612 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.5K
$630.4K – $840.5K
NOI $50,432 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 13036, NY
8,601
Population
3,959
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
46.1 sq mi
ZIP Area
187
Density / Sq Mi
$87,610
Median Household Income
$45,448
Median Earnings
$960
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing 7-unit property on highly traveled US Route 11 in Hastings, NY.
Where is this apartment building located?
The property is located at 935 US Route 11 Hastings, NY.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 7‑unit income‑producing multifamily property built in 1940; Located at 935‑941 US Route 11 in Hastings, NY on a highly traveled route; Described as cash‑flowing and providing immediate rental income
