Property profile

54 Ramble Hl Rd 66 Millbrook, NY 12545

OFF-MARKET
Medical Office Space
Property ID
US63-3665075
17,776 SF 31.98 ac lot Built 1900
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 31.98-acre estate in Millbrook, NY, presents a rare opportunity. The property includes a magnificent 24,676 square foot, three-story, nine-bedroom, eight-bathroom mansion built in 1900, requiring full restoration. An attached two-story, 18-room dormitory wing also awaits rejuvenation. Adding to the property's versatility is a modern 7,330 square foot, six-classroom school building constructed in 2005, offering diverse repurposing options. The estate boasts self-sufficiency features including a 100,000-gallon water cistern and on-site water and sewage treatment plants, recently renewed with an SPDES permit. Located in the new Hospitality Overlay District, the property is eligible for a special use permit to operate as an inn. Two access points from Ramble Hill Lane and College Lane provide convenient access, minutes from Route 44 and the Taconic State Parkway, with a Metro North train station a short 20-minute drive away. The property's rich history, from its agricultural origins to its use as a rehabilitation center, offers a unique canvas for a variety of uses, including a single-family residence, bed and breakfast, educational institution, corporate retreat, or religious retreat (with appropriate approvals). The potential for subdivision further enhances its investment value. Oil heating.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1900
Total area 17,776 SF
Lot 31.98 ac (1,393,049 SF)
Zoning code RM2
APN 135889 6764-00-018730-0000
UPID US63-3665075

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

54 Ramble Hl Rd, Unit 66 Millbrook, NY 12545-5979
Millbrook metro Census 200001 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$780k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

RM2 · Millbrook, NY
Top alternative use upside
Office building $1.2M +10.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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