NY, NY
MULTI_FAMILY - Other - NY
- Added:
- Jul 2, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 4 at 10:06 pm
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 6, Bathroom 1
- Parking
- 10
- Parking features
- Off Street, Garage
- Patio and Porch features
- Porch
- Fencing
- Perimeter, Chain Link
- Fireplace
- 1
- Basement
- Interior Entry, Partial, Unfinished, Crawl Space, Sump Pump
- Standard status
- Active
- Size
- 3,562 SF
- Lot size
- 2.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7632
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1958
- Number of units
- 4
- Flooring type
- Tile - Ceramic, Hardwood, Linoleum
- Building materials
- Aluminum Siding, Drywall, Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Nabil ElDib License #10401264803 (847) 337-7800
Listing office Davies-Davies & Assoc Real Est PO Box 201, Queensbury, NY (518) 656-9068
Listing date Jul 2, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2.34‑acre property with a 1,312 sq. ft. main residence plus a separate one‑story building
- Main residence offers 2 bedrooms and 1.5 baths
- Separate building contains 3 private apartments: two 1‑bedroom units and one 2‑bedroom unit
- Apartments have private entrances with separate outdoor access to patios and dedicated parking
- Public water and public sewer available (cable available); RCH (Residential Commercial High Density) zoning
- Built in 1958; heating includes natural gas and electric (baseboard and forced air); fireplace present
Overview
The property sits on a 2.34-acre parcel in Lake George, presented with immediate rental income and room to plan for what comes next. The remarks describe development potential within walking distance of the lake, beaches, restaurants, shopping, and marinas, subject to municipal approvals.
For owner-occupants, the layout supports living in the main home while collecting income from the three apartments. For investors or developers, the zoning is described as RCH (Residential Commercial High Density) within a Multi Residence designation, with the potential for approximately 6–10 residential units (subject to municipal approvals).
Local Financial Insights For Multifamily LT 5
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 | $134.6k | $37.80 |
| − Vacancy | −$7.4k | −$2.08 |
| EGI | $127.2k | $35.72 |
| − OpEx | −$38.2k | −$10.72 |
| NOI | $89.1k | $25.00 |
