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181 Glenerie Blvd 6 Unit Apartment Building $1,100,000 ($183,333/Unit) 7.09% Cap Rate Saugerties, NY 12477
INVESTMENT HIGHLIGHTS
- Excellent investment opportunity in the heart of Saugerties!
- Each unit provides comfortable layouts and strong rental demand in a convenient location between Kingston and Saugerties.
- property is ideal for investors seeking steady returns in the thriving Hudson Valley rental market.
EXECUTIVE SUMMARY
Excellent investment opportunity in the heart of Saugerties! 181 Glenerie Blvd features a well-maintained 7-unit apartment building offering a desirable mix of one-, two-, and three-bedroom apartments. Each unit provides comfortable layouts and strong rental demand in a convenient location between Kingston and Saugerties. Tenants enjoy off-street parking and easy access to major routes, shopping, dining, and area employers. With stable income and room for future value growth, this property is ideal for investors seeking steady returns in the thriving Hudson Valley rental market.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 7.09% | Building Size | 4,060 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | ||
| Zoning | 32 | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 4,060 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | 32 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,300 | 700 |
| 2+1 | 2 | $1,400 | 750 |
| 3+1 | 1 | $1,600 | 800 |
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PROPERTY TAXES
| Parcel Number | 5400-039.007-0008-015.000-0000 | Total Assessment | $159,500 |
| Land Assessment | $32,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $127,400 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5400-039.007-0008-015.000-0000
Land Assessment
$32,100
Improvements Assessment
$127,400
Total Assessment
$159,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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181 Glenerie Blvd
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