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Property profile & analytics
FOR SALE
Mobile home & RV parks
670 Granite Rd, Kerhonkson, NY 12446
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0642716
For Sale
1 / 6
$839,000
670 Granite Rd, Kerhonkson, NY 12446
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1998
Total area
952 SF
Lot
12.2 ac (531,432 SF)
Zoning code
R2
APN
514400 76.3-3-19.300
UPID
US63-0642716
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Granite Ulster LLC · 2 yrs held
Granite Ulster LLC
since 2023
3 recorded transactions
Zoning & alternative use
R2 · Kerhonkson, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kerhonkson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kerhonkson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$527,000
Assessed 2023
Previous assessed
$527,000
+0.0% YoY
Assessed land
$240,000
Assessed improvement
$287,000
Land market value
$380,952
Improvement market value
$455,556
Total market value
$836,508
Applied tax rate
513,401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
For Sale
Year built
1998
Heating
NONE
Buildings
12
Total area
952 SF
Lot
12.2 ac (531,432 SF)
Zoning code
R2
APN
514400 76.3-3-19.300
UPID
US63-0642716
Jurisdiction
ULSTER
Zoning & alternative use
R2 · Kerhonkson, NY
Zoning R2 · permitted uses
R2 · Kerhonkson, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kerhonkson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Buildings
12
Lot
12.2 ac
Current owner
From public records · entity-resolved
Granite Ulster LLC
Entity
Mailing address
PO BOX 4177, NEW WINDSOR, NY 12553
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
—
Granite Ulster LLC
—
Deed
related
$50,000 · Mid Hudson Valley FCU
Nov 6, 2017
—
Betten LLC
—
Deed
related
$30,000 · Ulster Savings Bank
—
—
Betten LLC
—
Deed Of Trust
related
$30,000 · Ulster Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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