56 Park St - Apartments FOR SALE


Malone, NY 12953
$629,000 USD
518-563-1200
56 Park St, Malone, NY for Sale
$629,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

56 Park St
Malone, NY 12953


HIGHLIGHTS

  • Impeccably Maintained
  • Modern Upgrades
  • Located near local shops, dining & community amenities
  • Rich in history

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$629,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

7

PRICE/UNIT

$89,857

CAP RATE

Request Cap Rate

% 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

1856

PARKING SPACES

7

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

01 - NOT Z

APN/PARCEL ID

164801-098-081-0002-006-000-0000

ASK ABOUT THIS PROPERTY

Nicholas BuccellatoRE/MAX North CountryMore Info
518-563-1200

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Nicholas BuccellatoRE/MAX North CountryMore Info
518-563-1200

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