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Multifamily

Creekside Apartments

597 Bross St, Cairo, NY 12413

Listing Price: $2,500,000

Cap Rate
7.50%
Number of Units
22
GRM
8.29
Occupancy
100.0%
Price/Unit
$113,636
Price/Gross SF
$145.05
Gross SF
17,235

Investment Overview

This 22-unit apartment community across eight buildings is 100% occupied and offers stable in-place cash flow with approximately 40% rental upside through mark-to-market rent growth. The property features a diverse mix of one-, two-, and three-bedroom units situated on an expansive 10.5-acre site with scenic creek and pond frontage. Amenities include on-site laundry, ample surface parking, and a large maintenance building. Convenient access to I-87 and Route 23, along with proximity to the Catskill Mountains, provides access to regional employment centers and year-round recreational and tourism demand.

Investment Highlights

  • 22-Unit Apartment Community Across Eight Buildings
  • Expansive 10.5 Acre Site With Scenic Creek And Pond Frontage
  • Approximately 40% Rental Upside Through Mark-To-Market Rent Growth

Exclusively Listed By

  • Brian Kaplan

    New Jersey Licensed Real Estate Salesperson

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Multifamily

Creekside Apartments

Listing Price: $2,500,000

Cap Rate
7.50%
Number of Units
22
GRM
8.29
Occupancy
100.0%
Price/Unit
$113,636
Price/Gross SF
$145.05
Gross SF
17,235

Investment Highlights

  • 22-Unit Apartment Community Across Eight Buildings
  • Expansive 10.5 Acre Site With Scenic Creek And Pond Frontage
  • Approximately 40% Rental Upside Through Mark-To-Market Rent Growth

Investment Overview

This 22-unit apartment community across eight buildings is 100% occupied and offers stable in-place cash flow with approximately 40% rental upside through mark-to-market rent growth. The property features a diverse mix of one-, two-, and three-bedroom units situated on an expansive 10.5-acre site with scenic creek and pond frontage. Amenities include on-site laundry, ample surface parking, and a large maintenance building. Convenient access to I-87 and Route 23, along with proximity to the Catskill Mountains, provides access to regional employment centers and year-round recreational and tourism demand.

Exclusively Listed By

  • Brian Kaplan

    New Jersey Licensed Real Estate Salesperson

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

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