190 Grandview Apartments Rd - Multi-Family FOR SALE


Grand Gorge, NY 12434
$1,250,000 USD
518-734-6600
190 Grandview Apartments Rd, Grand Gorge, NY for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/28
null | Request Cap Rate

190 Grandview Apartments Rd
Grand Gorge, NY 12434


HIGHLIGHTS

  • Off street parking
  • Brick Exterior
  • Separate Electric meters
  • Laundry Available
  • newer Roof
  • newer mechanicals

OVERVIEW

The Grandview Twelve: Turnkey Brick Multi-Family on 3.5 Acres Discover a rare turnkey multi-family asset in the heart of the Catskills. This commanding 11,704 sq. ft. brick apartment building offers the perfect blend of structural integrity, modern updates, and high-yield potential. Situated on a sprawling 3.5-acre lot, this property provides a sense of space and privacy rarely found in multi-unit investments. A timeless, low-maintenance brick exterior ensures durability and aesthetic appeal for years to come. Peace of mind comes standard with a newer roof, significantly reducing near-term capital expenditure. Fully connected to municipal water and sewer. All 12 units feature a highly marketable 2-bedroom, 1-bathroom configuration, catering to the region's strongest rental demographic. Off-street parking lot accommodates 20+ vehicles, a premium feature for tenants and guests. The 3.5-acre parcel offers potential for outdoor tenant amenities, green space, or future site expansion (subject to local zoning). Located in Grand Gorge, minutes from the crossroads of 2 state highways, this property serves as a central hub between the high-demand ski markets of Windham and Hunter and the growing employment centers in Oneonta and Delhi. With over 11,000 square feet of rentable space and a simplified management profile thanks to the uniform unit layouts, 190 Grandview is a powerhouse addition to any portfolio. Whether you are looking for a steady "buy-and-hold" income stream or a value-add play through cosmetic interior updates, this brick-and-mortar staple is built for long-term appreciation. Schedule your private tour today to witness the scale and stability of this Catskill Mountain landmark.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

12

PRICE/UNIT

$104,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grandiew Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,758 SF

ZONING

Multi

APN/PARCEL ID

124800-092-001-0001-004-000

ASK ABOUT THIS PROPERTY

Leonard BellaviaWindstar Realty Group LLCMore Info
518-734-6600

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Leonard BellaviaWindstar Realty Group LLCMore Info
518-734-6600

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