62 Main Street, Philmont, NY 12534

New - 41 Hours Ago

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Property Description

Six buildings, twenty-three units, four blocks of the Philmont village core, held in single ownership since 2022 and offered as one. Nineteen units leased. Trailing twelve-month net operating income of 195,147 dollars on 306,128 dollars of effective gross income, cash basis, per ownerships books; stabilized net operating income projected at 223,289 dollars once four ordinary vacancies are turned at rents already achieved in the same buildings. The repositioning is a record rather than a projection: tenants in continuous occupancy since the 2022 acquisition have seen contract rents rise from a median of 825 dollars to a median of 1,275 dollars on the same units. Ownership converted 62 Main from central oil to individual electric heat, restored facade work, renovated bathrooms and upgraded insulation throughout. 62 Main (6 units), 20 Church (4), 7 Canal (4), 3 Elm (4), 3 Church (3), 5 Elm (2). Fifteen minutes to Hudson and Amtrak.

62 Main Street | MLS# 20265238

This multi-family property located at 62 Main Street, Philmont, NY 12534 is currently listed for sale with an asking price of $3,229,000. Main Street is located within the Taconic Hills Central Schools school district. Search Philmont real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Lot Size: 1.15 Acres
Taxes: $23,649
Year Built: 1979

Feature Descriptions

Days on Site: 1
Parcel #: 113.130-0001-003.000
SQFT Total: 0
Units: 23

Local Schools

School District: Taconic Hills Central Schools

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Estimated Payment

$ 10,098.90 per month $7,186.35 Principal & Interest $1,970.75 Property Tax $941.79 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: William Pitt Sotheby's Interna

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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