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    670 Granite Rd Kerhonkson, NY 12446
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    670 Granite Rd Kerhonkson, NY 12446

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    • Mobile home & RV parks
    • 952 SF
    • 12.20 lot acres
    For Sale
    $859,000
    View Listing →
    Kerhonkson Multifamily Property For Sale For Sale
    $859,000

    Kerhonkson Multifamily Property For Sale

    Multifamily property located 80 miles from New York City.

    670 Granite Rd, Kerhonkson, NY 12446
    View Listing
    Property ID
    US63-0642716
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 670 Granite Rd

    Year built
    1998
    Lot size
    12.20 lot acres
    Property size
    952 SF
    Zone code
    R2
    Property type
    Mobile home & RV parks
    APN
    514400 76.3-3-19.300
    APU
    514400763319300

    Description

    Exceptional investment opportunity: Granite Creek manufactured housing community in Kerhonkson, NY, presents a compelling 12-unit mobile home park with a strong 8.14% cap rate and a current NOI of $65,000. This fully occupied property boasts a 12.2-acre lot and was built in 1990. The asking price is $825,000. The property includes one home currently rented for $1,350. Tenant management is simplified with online and check payment options, and many tenants have enjoyed long-term residency (15+ years). Operating expenses are low, contributing to the property's robust cash flow. Located approximately 90 minutes north of New York City, this property offers a convenient location and strong potential for future growth. A cost segregation study is available to further maximize ownership benefits. The property's gross income is $94,000. This is a turnkey investment ideal for those seeking a manageable, high-return asset in a desirable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kerhonkson
    County
    Ulster
    State
    New York
    Longitude
    -74.2728
    Latitude
    41.7552
    CBSA code
    28740
    CBSA name
    KINGSTON, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $240,000
    $287,000
    $527,000
    -
    $380,952
    $455,556
    $836,508

    Comparable in this City

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    • Value Estimation
      $845,000
      720 SF

      190 Cherrytown Rd

      MOBILE HOME PARK, TRAILER PARK • 720 SF
      190 Cherrytown Rd, Kerhonkson, NY 12446-2138
      View Details
    • Value Estimation by Request
      1,764 SF

      6779 Rte 209

      MOBILE HOME PARK, TRAILER PARK • 1,764 SF
      6779 Rte 209, Kerhonkson, NY 12446-2947
      View Details
    • Value Estimation by Request
      1,560 SF

      6556 Rte 209

      MOBILE HOME PARK, TRAILER PARK • 1,560 SF
      6556 Rte 209, Kerhonkson, NY 12446-3019
      View Details
    • Value Estimation by Request
      12.00 Acres

      Rock Hvn Rd

      DUMP SITE • 12.00 Acres
      Rock Hvn Rd, Kerhonkson, NY 12446
      View Details
    • Value Estimation by Request
      0.39 Acres

      42nd St

      VACANT COMMERCIAL LAND • 0.39 Acres
      42nd St, Kerhonkson, NY 12446
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ulster County Mobile Home Park

      20-acre mobile home park with expansion potential and rental income.
      190 Cherrytown Rd, Kerhonkson, NY 12446
      View Details
    • Contact for pricing

      Mobile Home Park with Expansion Potential

      12-unit mobile home park on 12 acres near amenities.
      628 Ulster County Rd 27, Kerhonkson, NY 12446
      View Details
    • $1,199,000

      Kerhonkson Multifamily Investment Opportunity

      Fully rented apartment building with income potential in Kerhonkson.
      57 Samsonville Rd, Kerhonkson, NY 12446
      View Details
    • $859,000

      Kerhonkson Multifamily Property For Sale

      Multifamily property located 80 miles from New York City.
      670 Granite Rd, Kerhonkson, NY 12446
      View Details
    • $250,000
      0.27 Acres

      Kerhonkson Two-Family Income Property

      Fully rented two-family property with separate utilities in Kerhonkson, NY.
      3 Pearl St, Kerhonkson, NY 12446
      View Details
    View Listing
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    Kerhonkson, NY 12446
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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