291 Furnace Dock Rd Cortlandt, NY 10567
- Commercial real estate
- 7,500 SF
- 1.60 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 291 Furnace Dock Rd
- Year built
- 1950
- Lot size
- 1.60 lot acres
- Property size
- 7,500 SF
- Property type
- Commercial real estate
- APN
- 2289-056-005-00001-000-0002
Description
This exceptional investment opportunity presents an eight-unit apartment building situated on a spacious 1.595-acre lot in Cortlandt Manor, New York. The property, boasting 7,500 square feet, is classified as a Class B multifamily building constructed in 1950. The asking price is $2,550,000, translating to a price per square foot of $340 and a compelling 7.00% cap rate. The building comprises a diverse mix of units: two three-bedroom units, five two-bedroom units, and one one-bedroom unit, each with a single bathroom. Ample parking is provided with 16 spaces, supplemented by three garages, adding significant value and convenience. The property's location at 291 Furnace Dock Rd, Cortlandt, NY 10567, within Westchester County, offers strong rental potential in a desirable market. The property's assessed parcel number (APN) is 2289-056-005-00001-000-0002. This well-maintained property presents a rare chance to acquire a substantial multifamily investment with significant upside potential in a thriving New York market. The combination of a strong cap rate, desirable unit mix, and ample parking makes this an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio.
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
- Cortlandt
- County
- Westchester
- State
- New York
- Longitude
- -73.885209
- Latitude
- 41.2486629
