158 6th St - Apartments FOR SALE


Verplanck, NY 10596
$995,000 USD
954-592-2734
158 6th St, Verplanck, NY for Sale
$995,000 USD
Apartments - FOR SALE
1/24
null | 8.84% Cap Rate

158 6th St
Verplanck, NY 10596


OVERVIEW

We are pleased to present the exclusive opportunity to purchase 158 6th Street, Verplanck, NY. 158 6th Street is a five-unit free market multifamily property consisting of one three-unit building and one two-unit building plus an adjacent vacant parcel. Each unit is a 1BR/1BA. Tenants are responsible for electric and reimburses landlord for a portion of landlord-paid utilities. Landlord is responsible for heat, water, and hot water. Both buildings are of brick construction, with three of the five units having direct access from the outside. A private driveway can easily accommodate multiple cars. The property also benefits from the outdoor amenity space provided by the vacant parcel (160 6th) that accompanies this sale. Each building is serviced by its own separate boiler/oil tank (one 550-gallon UST and one 330-gallon AST) and independent septic systems. New energy efficient windows were installed in the rear building 2nd floor in 2025. A high efficiency boiler was installed in the back building in 2022. There is upside potential in the rent roll through base rental rate increases of below-market rents upon lease expiration, additional expense reimbursements, and charging for off-street driveway parking. The property is conveniently located in the heart of Verplanck, walkable to neighborhood eating establishments and the Hudson River waterfront, and just a short, 5-minute drive to Route 9, shopping, and public transportation. Verplanck and the Buchanan area is about to undergo a transformation with the anticipated redevelopment of parcels associated with Indian Point. Get in now, before it's too late!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,000

CAP RATE

8.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,444 SF

ZONING

R6

APN/PARCEL ID

2289-054-005-00002-000-0027

ASK ABOUT THIS PROPERTY

Stephen SchubertSchubert Real Estate ServicesMore Info
954-592-2734

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Stephen SchubertSchubert Real Estate ServicesMore Info
954-592-2734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.