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    10 Britman Rd Mongaup Valley, NY 12762

    Sponsored
    For Sale
    $695,000

    Mongaup Valley, NY multifamily complex

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Mongaup Valley, NY, presents a lucrative investment opportunity. Located on a highly visible corner lot (1 acre) at 10 Britman Rd, this 6,000 square foot complex boasts two buildings, each two stories high, built in 1988 and extensively renovated in 2021. The property features six rentable units: a three-bedroom apartment, a two-bedroom apartment, a large one-bedroom, a smaller one-bedroom, a studio apartment, and a separate commercial space. The duplex unit alone offers a two-bedroom and a three-bedroom apartment. The commercial space, previously used as a car lot office, offers versatile potential. The property's strong rental income potential is evident, with units projected to generate $1500+ per month each, and the commercial space at least $300 per month. The asking price is $695,000, representing $115.83 per square foot and $139,000 per unit. The property is offered fee simple with an APN of 2000-038-0-0001-005-009. Owner financing is available with 30% down and a 6% interest-only monthly payment on the balance (70% LTV). This is a turnkey investment with immediate income potential and significant upside. The property's strategic highway location ensures high visibility and accessibility.

    Property Features for 10 Britman Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1988/2021
    Buildings
    2
    Stories
    2
    Units
    5

    HighLights

    • Mixed‑use property in Mongaup Valley, NY, on a 1‑acre corner lot at 10 Britman Rd.
    • 6,000 sq ft complex with two 2‑story buildings, built in 1988, renovated in 2021.
    • Six rentable units: three‑bedroom, two‑bedroom, large one‑bedroom, small one‑bedroom, studio apartment, and commercial space.
    • Strong rental income potential; units projected at $1500+/month, commercial space at $300+/month.
    • Asking price: $695,000 ($115.83/sq ft, $139,000/unit); Owner financing available (30% down, 6% interest‑only).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Storage Facility Tattoo & Piercing Shop Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mongaup Valley
    County
    Sullivan
    State
    New York
    Longitude
    -74.8054972
    Latitude
    41.6748332

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    FAQs

    What type of property is this?
    Multifamily property - Mongaup Valley, NY multifamily complex
    Where is this multifamily property located?
    The property is located at 10 Britman Rd Mongaup Valley, NY.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Mixed-use property in Mongaup Valley, NY, on a 1-acre corner lot at 10 Britman Rd.; 6,000 sq ft complex with two 2-story buildings, built in 1988, renovated in 2021.; Six rentable units: three-bedroom, two-bedroom, large one-bedroom, small one-bedroom, studio apartment, and commercial space.
    Request Owner's contact information
    10 Britman Rd Mongaup Valley, NY 12762
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    Mongaup Valley, NY 12762
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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
    10 Britman Rd Mongaup Valley, NY 12762
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