Historical Multifamily Sale Listing - Black Creek Apartments

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Black Creek Apartments

30 Black Creek Road, Esopus, NY 12429

N/A

54 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
54
Building Size:
40,310 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.35%
Listing ID
18104963
Last Updated
over 1 year ago

Description

The subject property consists of three apartment buildings, each 18 units for a total of 54 units and 40,310 square feet.

Recent Capital Improvements:

-Entire septic system overhauled, installed new tubing, piping and tanks for leech field at a cost of $50,000.

-Replaced main water line into building.

-Replaced all hot water heaters and appliances on recent tenant rollovers.

-Replaced electrical panels.

-All new siding installed on Building J & Building H.

-Newly installed coin operated machines in laundry room.

The property is located on Black Creek Landing and is generally delineated by Old Post Road to the north, US Route 9W to the east, Black Creek to the south, and a railroad line to the west. Black Creek Apartments were built in 1982. It is located only a few minutes away from Route 9W. Its proximity to Route 9W allows for quick and easy access to many restaurants, bars, movie theatres, shopping centers, and pharmacies. It is less than a two hour drive from New York City.

Map of 30 Black Creek Road, Esopus, NY 12429 (Ulster County)

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