Property summary
This exceptional mixed-use property in Pine Bush, NY, presents a compelling investment opportunity. Located on 10.2 acres at 2475 NY-52, this property boasts a substantial 4,000 square foot building encompassing six units: five residential units (three two-bedroom, one one-bedroom, and one four-bedroom) and one commercial office space. Generating a strong NOI of $103,389 and a 7.38% cap rate, the property offers immediate cash flow. The property also includes a 100ft x 60ft concrete pad, previously used for a commercial garage, and ample land for future expansion. Zoned BP (Business Park), the property allows for a wide range of permitted and special permitted uses, including storage units, retail, offices (medical and general), restaurants, banking, auto sales, and more. Its convenient location near Route 52, local amenities, schools, and Interstate 86 enhances its appeal. The property's substantial size and versatile zoning create significant potential for future development and increased revenue streams. The asking price is $1,399,999. The Assessor's Parcel Number (APN) is 332600-006-000-0006-003.200-0000. This is a rare opportunity to acquire a multi-faceted property with immediate income and significant long-term growth potential in a desirable location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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