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292 Croton Falls Rd - Croton Falls 6 Unit Apartment Building Offered at $1,499,999 at a 6.16% Cap Rate Mahopac, NY 10541
Investment Highlights
- Tremendous Value-Add Opportunity
- Unique Owner-User Play
Executive Summary
The CS Organization is pleased to present 292-300 Croton Falls Road to market. A unique opportunity to acquire a 9.77+\- acre
property across two tax parcels. The property consists of five residential dwellings, two barn structures, a well house, a picnic
area, open field areas and numerous shed structures. A strong in-place return day one, gives investors a chance to implement a
value-add strategy and position the property for maximum returns overtime. Zoned Residential, the property offers numerous
possibilities for investment or owner/user-uses.
Areas Breakdown
Barns - 2,060 SF +\-
Residential
House 1 - 1,512 SF +\-
House 2 - 878 SF +\-
House 3 - 532 SF +\-
House 4 - 1,980 SF +\-
House 5 - 1,122 SF +\-
Res Total - 6,024
property across two tax parcels. The property consists of five residential dwellings, two barn structures, a well house, a picnic
area, open field areas and numerous shed structures. A strong in-place return day one, gives investors a chance to implement a
value-add strategy and position the property for maximum returns overtime. Zoned Residential, the property offers numerous
possibilities for investment or owner/user-uses.
Areas Breakdown
Barns - 2,060 SF +\-
Residential
House 1 - 1,512 SF +\-
House 2 - 878 SF +\-
House 3 - 532 SF +\-
House 4 - 1,980 SF +\-
House 5 - 1,122 SF +\-
Res Total - 6,024
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$141,000
|
$17.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,000
|
$17.44
|
| Taxes |
$31,000
|
$3.83
|
| Operating Expenses |
$16,950
|
$2.10
|
| Total Expenses |
$47,950
|
$5.93
|
| Net Operating Income |
$93,050
|
$11.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $141,000 |
| Annual Per SF | $17.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $141,000 |
| Annual Per SF | $17.44 |
| Taxes | |
|---|---|
| Annual | $31,000 |
| Annual Per SF | $3.83 |
| Operating Expenses | |
|---|---|
| Annual | $16,950 |
| Annual Per SF | $2.10 |
| Total Expenses | |
|---|---|
| Annual | $47,950 |
| Annual Per SF | $5.93 |
| Net Operating Income | |
|---|---|
| Annual | $93,050 |
| Annual Per SF | $11.51 |
Property Facts
| Price | $1,499,999 | Property Type | |
| Price Per Unit | $250,000 | Lot Size | 9.77 AC |
| Sale Type | Investment | Building Size | 8,084 SF |
| Cap Rate | 6.16% | No. Stories | 2 |
| No. Units | 6 | Year Built | 1925 |
| Zoning | R - Residential | ||
| Price | $1,499,999 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 6 |
| Property Type | |
| Lot Size | 9.77 AC |
| Building Size | 8,084 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | R - Residential |
Amenities
Unit Amenities
- Fireplace
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Carpet
- Yard
- Basement
- Deck
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 372000 76.7-1-7 | Total Assessment | $172,700 |
| Land Assessment | $172,700 | Annual Taxes | $31,000 ($3.83/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
372000 76.7-1-7
Land Assessment
$172,700
Improvements Assessment
$0
Total Assessment
$172,700
Annual Taxes
$31,000 ($3.83/SF)
Tax Year
2025
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292 Croton Falls Rd - Croton Falls
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