Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Marlboro Country Oasis Estate Title is generated by Realmo AI

    151 Plattekill Rd, Marlboro, NY 12542

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    21-acre estate with main house, guest homes, and barn.

    Type:Hospitality, Multifamily, Special Purpose
    Property size:
    7,500 SF
    Lot size:
    21.00 Acres
    Price / SF:
    $426/SF
    Added:
    Sep 1, 2024
    Days on Market:
    640
    Last Refresh:
    May 12 at 10:24 pm

    Property Features for 151 Plattekill Rd

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Lot size
    21.00 Acres
    Property subtype
    Hospitality, Multifamily, Special Purpose

    We can help!

    Listing Contact
    John DeMarco

    Listing agent John DeMarco License #NY. 10301216451

    Listing office Century 21 Alliance Realty Group Wappingers Falls

    Listing date Sep 1, 2024

    Source Crexi

    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 Alliance Realty Group Wappingers Falls

    HighLights

    • Sprawling 21‑acre estate featuring a main house, two guest houses, and a barn.
    • Recently remodeled with $2 million in upgrades, including new windows, HVAC, plumbing, and electrical systems.
    • Stay active with a fully equipped gym and recreational areas for pickleball, bocce, and basketball.
    • Located 1.5 hours from NYC.
    • Enjoy the lush gardens and ponds.
    • Potential for vacation rental income or further development.

    Overview

    Located in Marlboro, NY, the "Marlboro Country Oasis" estate spans 21 acres. The property includes a main house, two guest homes, and a sizable barn. Recent remodeling efforts have invested $2 million in upgrades. Modern amenities include a fully equipped gym, lush gardens, and recreational areas for pickleball, bocce, and basketball. The property provides ponds and ample space for future development. New windows, HVAC, plumbing, and electrical systems have been installed. The property is move-in ready and located 1.5 hours from NYC. The property is suitable for a serene escape or a vacation rental.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Kitchen & Bath Showroom HVAC Service Daycare Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlboro
    County
    Ulster
    State
    New York
    Longitude
    -74.0030553
    Latitude
    41.6032266

    Nearby Similar for Sale

    • $620,000

      Marlboro Commercial Building on 9W

      Visible 3480 sq ft building on 1.76 acres.
      1104 Route 9W, Marlboro, NY 12542
      View Details
    • $620,000
      3,480 SF

      Route 9W Commercial Building

      3480 sq. ft. building on 1.76 acres.
      1104 Route 9W, Marlboro, NY 12542
      View Details
    • $459,900
      774 SF

      Iconic Office Building on Route

      Renovated office building with high visibility and modern amenities.
      1311 Rte 9W, Marlboro, NY 12542
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 21-acre estate with main house, guest homes, and barn.
    Where is this multifamily property located?
    The property is located at 151 Plattekill Rd Marlboro, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Sprawling 21‑acre estate featuring a main house, two guest houses, and a barn.; Recently remodeled with **$2 million in upgrades**, including new windows, HVAC, plumbing, and electrical systems.; Stay active with a fully equipped gym and recreational areas for pickleball, bocce, and basketball.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John DeMarco
    Real Estate License ID: NY. 10301216451
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    151 Plattekill Rd, Marlboro, NY 12542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!