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Multifamily

Bella Terra Apartments

Bella Terra, 151 NY-32, New Paltz, NY 12561

Listing Price: $6,700,000

Cap Rate
7.00%
Number of Units
33
Price/Unit
$203,030
Price/Gross SF
$243.88
Gross SF
27,472

Investment Overview

Marcus & Millichap is pleased to present Bella Terra Apartments, a garden-style complex, located in New Paltz, New York. The property was originally an integral part of apple farming and was converted in 2004 into 33 apartments. The subject property is 1.2 miles from Main Street and 0.6 miles from the State University of New York at New Paltz. New Paltz is located in the bucolic and sought-after Hudson Valley approximately 80 miles north of Manhattan and is arguably best known around the world for its outdoor attractions, and for good reason. New Paltz offers a host of trail options for hikers & bicyclists, with some of the best views of the Hudson Valley. It has become a second home community for many residents of New York City.

Investment Highlights

  • Close Proximity to Shops and Retailers in Downtown New Paltz
  • Within Walking Distance to SUNY New Paltz
  • Attractive Unit Mix – 24 two bed, 8 three bed, 1 studio
  • Ample Onsite Parking With Two Spots Per Unit
  • Full Kitchen Appliances & In-Unit Laundry
  • Recent Renovations to 7 of 33 Units
  • Excess Land for Possible Additional Development

Exclusively Listed By

  • Matthew Gault

    Licensed Real Estate Salesperson

    (914) 220-9745

    Email Matthew

    License(s): NY: 10401313423

    Westchester

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

Financing By

Multifamily

Bella Terra Apartments

Listing Price: $6,700,000

Cap Rate
7.00%
Number of Units
33
Price/Unit
$203,030
Price/Gross SF
$243.88
Gross SF
27,472

Investment Highlights

  • Close Proximity to Shops and Retailers in Downtown New Paltz
  • Within Walking Distance to SUNY New Paltz
  • Attractive Unit Mix – 24 two bed, 8 three bed, 1 studio
  • Ample Onsite Parking With Two Spots Per Unit
  • Full Kitchen Appliances & In-Unit Laundry
  • Recent Renovations to 7 of 33 Units
  • Excess Land for Possible Additional Development

Investment Overview

Marcus & Millichap is pleased to present Bella Terra Apartments, a garden-style complex, located in New Paltz, New York. The property was originally an integral part of apple farming and was converted in 2004 into 33 apartments. The subject property is 1.2 miles from Main Street and 0.6 miles from the State University of New York at New Paltz. New Paltz is located in the bucolic and sought-after Hudson Valley approximately 80 miles north of Manhattan and is arguably best known around the world for its outdoor attractions, and for good reason. New Paltz offers a host of trail options for hikers & bicyclists, with some of the best views of the Hudson Valley. It has become a second home community for many residents of New York City.

Exclusively Listed By

  • Matthew Gault

    Licensed Real Estate Salesperson

    (914) 220-9745

    Email Matthew

    License(s): NY: 10401313423

    Westchester

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

Financing By

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