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27-33 Firehouse Ln 36 Unit Apartment Building $9,500,000 ($263,889/Unit) 5.70% Cap Rate Red Hook, NY 12571
INVESTMENT HIGHLIGHTS
- Modern top quality construction very well maintained
- High demand for rentals and a shortage in the area with significant upside potential in rental rates
EXECUTIVE SUMMARY
A modern 36 unit property in Red Hook [Dutchess County 100 miles north of NYC } 100% rented . Built in Phases from 2015 top quality construction grounds are perfect and well maintained .Red Hook is a lovely community family oriented and 3 miles from Rhinebeck . There is very little residential rental housing available and none of this quality . We are always 100% occupied and still get weekly calls from people looking to rent . Located 5 miles from NYS Thruway at Kingston and 5 miles from the Taconic Parkway .
A wonderful opportunity for a long term investor. A quality property in a great community with much upside potential. Contact broker for financials.
Town house units are 3 bedroom / 2 bath with an attached garage. Nice grounds and sidewalk system that connects to village walk way to shops and restaurants. Red Hook Central school system. Apartments are overtop the commercial spaces four 1 bedroom & four 2 bedroom all have washer and dryer .
A wonderful opportunity for a long term investor. A quality property in a great community with much upside potential. Contact broker for financials.
Town house units are 3 bedroom / 2 bath with an attached garage. Nice grounds and sidewalk system that connects to village walk way to shops and restaurants. Red Hook Central school system. Apartments are overtop the commercial spaces four 1 bedroom & four 2 bedroom all have washer and dryer .
PROPERTY FACTS
| Price | $9,500,000 | Building Class | C |
| Price Per Unit | $263,889 | Lot Size | 5.00 AC |
| Sale Type | Investment | Building Size | 72,400 SF |
| Cap Rate | 5.70% | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | tnd - allows residential and light commercial and office use. | ||
| Price | $9,500,000 |
| Price Per Unit | $263,889 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 72,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2015 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | tnd - allows residential and light commercial and office use. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 36 | - | - |
PROPERTY TAXES
| Parcel Number | 134801-6272-10-348532-0000 | Improvements Assessment | $3,250,242 |
| Land Assessment | $666,000 | Total Assessment | $3,916,242 |
PROPERTY TAXES
Parcel Number
134801-6272-10-348532-0000
Land Assessment
$666,000
Improvements Assessment
$3,250,242
Total Assessment
$3,916,242
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27-33 Firehouse Ln
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