10 Britman Rd Mongaup Valley, NY 12762
- Commercial real estate
- 6,000 SF
- 1.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10 Britman Rd
- Year built
- 1988
- Lot size
- 1.00 lot acres
- Property size
- 6,000 SF
- Property type
- Commercial real estate
- APN
- 2000-038-0-0001-005-009
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mongaup Valley
- County
- Sullivan
- State
- New York
- Longitude
- -74.8054972
- Latitude
- 41.6748332
