See all 32 photos

Listed by: New Paltz Properties

$1,695,000

Est. payment - /mo

Save

24 Beds

23 Baths

15,000 SqFt

New

420 Crescent AVE Highland, NY 12528

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

May

Tue

May

Wed

May

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $113

MLS Listing ID 20251673

Bedrooms 24

HOA Y/N No

Year Built 1972

Annual Tax Amount $41,289

Tax Year 41289

Lot Size 31.900 Acres

Acres 31.9

Property Sub-Type Multi Family

Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Property Description

Opportunity to acquire a large, well-located multi-family compound with tremendous upside potential. Originally built as a summer bungalow resort, the property features 32 acres of beautiful grounds with 9 individual buildings housing 22 residential units. These buildings include a 3BR single-family home (occupied by the current owners), a motel-like building with 6 studio apartments, a row building with 3 one-bedroom apartments, a two story building with 4 studio apartments, the original main house with 4 one-bedroom apartments, and 4 stand-alone one-bedroom cottages. There is one additional building that houses an on-site coin-operated laundry facility for the tenants. The grounds include mature shade trees, open lawns, wooded areas with stone walls and wild turkeys, and a large pond along the main entrance drive that was recently paved. All but three of the units are currently occupied, and rents are significantly below market rate, presenting an opportunity for major revenue growth. Further upside can potentially be unlocked by developing additional units on site - zoning density calculations suggest the ability to building another 12 units on the property. Full financials available upon request.

Location

State NY

County Ulster

Area Plattekill

Zoning AG 1.5

Schools

High Schools Highland Central Schools

School District Highland Central Schools

Others

Tax ID 95.1-2-12

GET MORE INFORMATION

Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

QUICK SEARCH