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56 Park St 7 Unit Apartment Building $629,000 ($89,857/Unit) Malone, NY 12953



INVESTMENT HIGHLIGHTS
- Impeccably Maintained
- Located near local shops, dining & community amenities
- Modern Upgrades
- Rich in history
EXECUTIVE SUMMARY
Welcome to 56 Park Street — the iconic ''Hale House'' in the heart of Malone, NY. This remarkable seven-unit Victorian masterpiece has been meticulously revitalized with an unwavering commitment to quality and preservation. The current owner spared no expense restoring this historic property, seamlessly blending timeless architectural character with modern luxury and performance. Inside, each apartment tells its own story — from original hardwood floors, soaring ceilings, pocket doors, and ornate fireplaces to thoughtful modern upgrades including on-demand hot water systems, in-unit laundry connections, security systems, and contemporary finishes. The result is a rare harmony of 19th-century craftsmanship and 21st-century comfort. The property is comprised of four units in the main residence and three in the beautifully converted carriage house, all fully leased with exceptional rent performance and strong tenant retention. Located near local shops, dining, and community amenities, this offering represents a turnkey, high-performing investment opportunity unlike anything else on the market in Malone. Opportunities to acquire a property of this caliber — rich in history, impeccably maintained, and producing at the top of the market — are exceptionally rare. A true showpiece investment for the discerning buyer seeking both beauty and performance. Financials and detailed income data are available to qualified buyers — serious inquiries only.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$13,115
|
$2.02
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,115
|
$2.02
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $13,115 |
| Annual Per SF | $2.02 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,115 |
| Annual Per SF | $2.02 |
PROPERTY FACTS
| Price | $629,000 | Lot Size | 1.74 AC |
| Price Per Unit | $89,857 | Building Size | 7,692 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1856 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 01 - NOT Z | ||
| Price | $629,000 |
| Price Per Unit | $89,857 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 7,692 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1856 |
| Parking Ratio | 0.91/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 01 - NOT Z |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Hardwood Floors
- High Speed Internet Access
- Carpet
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 905 |
1 1
PROPERTY TAXES
| Parcel Number | 164801-098-081-0002-006-000-0000 | Total Assessment | $240,000 (2024) |
| Land Assessment | $17,900 (2024) | Annual Taxes | $13,115 ($1.71/SF) |
| Improvements Assessment | $222,100 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
164801-098-081-0002-006-000-0000
Land Assessment
$17,900 (2024)
Improvements Assessment
$222,100 (2024)
Total Assessment
$240,000 (2024)
Annual Taxes
$13,115 ($1.71/SF)
Tax Year
2025
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56 Park St
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