Highland Multifamily Portfolio

06-16-2022
06-24-2022

117 Vineyard Ave Highland, NY 12528

35 North Rd Highland, NY 12528

37 New Paltz Rd Highland, NY 12528

40 River Rd Highland, NY 12528

110 S Riverside Rd Highland, NY 12528

5 Milton Ave Highland, NY 12528

21 Milton Ave Highland, NY 12528

7 Milton Ave Highland, NY 12528

  • 7 Building Portfolio Comprised Of 33 Apartments & 2 Workshops
  • Almost Entirely Tenant-Paid Utilities
  • Considerable Rental Upside Across The Portfolio
  • All In Proximity To Route 44, Route 9W & The Mid-Hudson Bridge

Portfolio Description

The Oak & Avery Group is pleased to present a 7 building, 35-unit portfolio comprised of 33 apartments & 2
workshops, located in Highland, NY. The majority of the properties are within 1 mile of each other and all are in proximity to Route 44, Route 9W, I-87, The Mid-Hudson Bridge, Stewart International Airport, SUNY New Paltz and numerous Hudson Valley attractions including state parks, lakes, wineries and the Highland Rail Trail.
Almost all of the tenants are on MTM leases, as well as, pay their own heat, hot water and electric. Out of the 33 apartments, there are two program tenants and none in arrears. The apartments are completely free-market / not subject to any form of rent stabilization and there is rental upside across the portfolio.
There have been numerous capital improvements including newly renovated apartments, roofs, driveways and mechanicals.
PRINCIPALS ONLY*

Key Portfolio Information

Listing Status
Available
Listing Type
Highest & best offer
Price
$ 4,500,000
No. of Units
35
Cap Rate
7.28%
Building Size
30,657 Sq ft
Price per unit
128,571
Lot Size
143,312.4 Sq ft
Opportunity Zone
Off
View broker details

41.718428, -73.96707