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115 Melanie Way 9 Unit Apartment Building $789,500 ($87,722/Unit) Hyde Park, NY 12538

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INVESTMENT HIGHLIGHTS

  • Good potential income if repaired
  • Good privacy
  • 42 subdividable acres

EXECUTIVE SUMMARY

Many possibilities for this sprawling multi-family complex on 42 plus rolling acres. Great privacy, convenient location, partial mountain and nature views, two ponds. Keep and update the multifamily units for income and subdivide the remaining acreage, or remake this into your own family compound or estate, or … lot of possible scenarios. Some repairs are needed; property is sold as-is. Mostly forested with some old growth trees, open areas have potential for agricultural use. This was formerly a family care facility, with three main buildings and large workshop garage. Abuts Greenfields Park development with primary access. Secondary access to South Quaker Lane. See attached apartment roster for breakdown and more info on units.

PROPERTY FACTS

Price $789,500
Price Per Unit $87,722
Sale Type Investment
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Garden
Building Class C
Lot Size 40.82 AC
Building Size 7,187 SF
Average Occupancy 60%
No. Stories 1
Year Built 1970
Parking Ratio 2.78/1,000 SF
Zoning GB

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
133200-6264-02-590558-0000
Land Assessment
$160,200
Improvements Assessment
$34,800
Total Assessment
$195,000
  • Listing ID: 34721569

  • Date on Market: 2/5/2025

  • Last Updated:

  • Address: 115 Melanie Way, Hyde Park, NY 12538

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