The Oak & Avery Group is pleased to present 336 & 338 Libertyville Rd, New Paltz, a 16-Unit Multifamily deal
comprised of two separate properties. The larger of the two is 338 Libertyville Rd, a (+/-) 7,200 SF, 12-Unit property.
The smaller of the two is 336 Libertyville Rd, a(+/-) 3,000 SF 4-Unit property. Sitting in a prime location between both
Route 55 and I-87, it is just 4 miles from Downtown Main St and SUNY New Paltz. Historically, tenancy has been comprised of about 1/3 students and the remaining working professionals.
There have been numerous capital improvements to both properties in the recent years. 338 Libertyville:
2003; New heavy feed wiring from meters to panels installed and total panel box replacements. 2006; Two 75-gallon
quick return gas-fired water heaters installed. 2010; Four 1000-gallon septic tanks installed and all distribution boxes
and feeds replaced. 2016; Heavy steel exit ladders and fire doors installed. New roof (30 year Owens-Corning) and
replaced skylights. Entire house primed and painted. 2017; 12 gallon submersible well pump and 80 gallon pressure
tank installed. Added new septic field system (+/- 2400 SF). Newly installed Fujitsu heat pumps (5) serving all 12
apartments for both heat and air conditioning. 336 Libertyville: 2014; New submersible well pump and pressure tank
installed. 2016; primed and painted. 2017; New windows and water filter.
In the larger building, the landlord pays hot water (gas-fired heaters) and heat/AC (heat pumps).
In the smaller building, the tenants pay their own hot water (individual timed heaters) and electric heat (individually
metered).
