Multifamily
Creekside Apartments
597 Bross St, Cairo, NY 12413
Listing Price: $2,500,000
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
Broker of Record
Listing Price: $2,500,000
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
Broker of Record