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26881042
26881043

158 6th Street, Cortlandt, NY 10596

Schubert Real Estate Services
Listed by Schubert Real Estate Services
$995,000
266 days on market
Updated 16 days ago

158 6th Street

Details
APN 2289-054-005-00002-000-0027
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,747
Units 5
NOI $89,600
Year Built 1900
Buildings 2
Stories 3
Acreage 0.087

Multifamily | 5 Units

Marketing description

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 upon lease expiration, additional expense reimbursements, and charging for 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!
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Listing Contacts

Schubert Real Estate Services
Listed by Schubert Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$89,600.00
$7,466.67/mo

Valuation Metrics

0
DSCR
9.01%
Cap Rate
9.01%
ROI

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