1014 New York 23a, Catskill, New York image 1
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1014 New York 23a

Catskill, NY 12414
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$2,195,000 $9,254/Mo
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Bed 24

Bed

Bath 12

Bath

SqFt11,920

Sqft

Acres1.60

Acres(Lot)

12-Unit Multifamily Investment Opportunity | Catskill, NY Strong Cash Flow • Value-Add Upside • Prime Hudson Valley Location Introducing 1014 Route 23A, Catskill, NY, a well-maintained 12-unit multifamily property offering stable income, significant upside potential, and extensive recent capital improvements. Situated on 1.6 acres in the thriving Catskill/Hudson Valley market, this asset is ideal for investors seeking dependable cash flow and long-term appreciation. The property consists of three two-story buildings with 12 spacious two-bedroom, one-bathroom apartments totaling approximately 11,920 rentable square feet. Current income is approximately 15,725/month from residential rents plus 500/month from on-site laundry, generating 194,700 in annual gross income. Several units remain b elow market rent, providing a clear path to increased revenue and a 9 cap rate at stabilization. Efficient Operations: Each apartment is separately metered and features electric baseboard heat and an electric water heater, with tenants responsible for electric, heating, and hot water expenses. This structure helps minimize landlord expenses and creates predictable operating expenses. Property Features: Ample on-site parking Income-producing laundry facilities Private well system Three septic systems (one per building) Ceiling fans, dishwashers, and A/C in select units Extensive Capital Improvements Ownership has made substantial investments in the property's infrastructure, helping reduce near-term capital expenditure needs: New roof (2015) New siding (2020) Upgraded water system and treatment system (2018) All decks, balconies, and exterior stairways rebuilt or replaced 20 of 24 sliding glass doors replaced Retaining wall rebuilt New well and sump pumps with upgraded power line New septic piping for Building 3 Numerous water heaters replaced Interior Updates: Many units have been renovated with: New flooring and paint throughout Updated bathrooms and fixtures in most units Kitchen upgrades in select units Laundry facilities have also been upgraded with new washers and dryers, enhancing resident convenience and supplemental income. Desirable Catskill Location: Conveniently located on Route 23A with easy access to the Village of Catskill, the Hudson River waterfront, shopping, dining, and major transportation routes. Residents enjoy year-round access to the region's most sought-after attractions, including hiking, skiing, golf, fishing, boating, and the Catskill Mountains. Investment Highlights: 12-unit multifamily apartment complex Three separate residential buildings Strong in-place cash flow Additional laundry income Tenant-paid electric, heat, and hot water Below-market rents with value-add potential Extensive completed capital improvements Projected 9 pct cap rate at market rents Highly desirable Hudson Valley location Qualified buyers will receive a comprehensive due diligence package, including rent rolls, operating statements, market rent analysis, and capital improvement records upon execution of a confidentiality agreement. Explore the property's dedicated website, aerial drone photography, 3D virtual tours, and floor plans to experience this exceptional Catskill multifamily investment opportunity.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,195,000

AD Id : 91523062

MLS Id : 20265682

Beds : 24

Lot Size : 1.60 Acres

Living Area Size : 11,920 Sq. Ft

Tax Amount : $22,166

Year Built : 1975

County : Greene

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Feature Features

  • Bedroom Information

    Total beds: 24

    Bathroom Information

    Total Baths: 12

    Room Information

    Has Basement: Yes Basement: Crawl Space, Full, Unfinished

  • Flooring Information

    Laminate

  • Roofing Information

    Flat, Mansard, Rubber

  • Interior Features

    Roof: Flat, Mansard, Rubber Appliances: Dishwasher, Microwave, Range, Refrigerator, Water Heater Laundry Features: Common Area, Inside, Laundry Room

  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Electric Has Cooling: Yes Cooling: Wall Unit(s)

  • Building Information

    Year Built: 1975 Building Area Total: 11920 Construction Materials: Cement Siding, Asphalt, Board & Batten Siding, Block, Concrete, Shingle Siding Stories: 2 Frontage Length: Approximately 1,000' Patio And Porch Features: Deck Private Pool: No View: Mountain(s), Neighborhood, Trees/Woods

  • Exterior Features

    Exterior Features: Balcony

  • Lot Information

    Main Square Feet: 1.6 Acres Lot Size Acres: 1.6 Lot Size Square Feet: 69696 Lot Description: Corner Lot, Front Yard, Landscaped, Level, Paved, Views

  • Listing Price Information

    Listing Price: $2195000 Cash, Conventional

  • Tax Information

    Parcel Number: 170.03-2-5 Tax Lot: 2 Tax Block: 5 Annual Tax: $22166

  • Parking Information

    Parking Lot

  • Utility Information

    Cable Available

  • Location Information

    WaterSource: Private, Shared Well, Well
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
463 County Route 46, Catskill, NY, 12414 $699,900 5 3 3,970 2 Acres
279 Hamburg Road, Catskill, NY, 12414 $1,250,000 8 4 3,834 1 Acre
261 Main Street, Catskill, NY, 12414 $995,000 10 8 5,164 0.17 Acre
23 Franklin Street, Catskill, NY, 12414 $499,000 8 3 -- 0.05 Acre
23 Franklin Street, Catskill, NY, 12414 $499,000 8 3 2,110 0.05 Acre
51-53 North Street, Catskill, NY, 12414 $499,000 9 -- 5,425 0.14 Acre
453 Main Street, Catskill, NY, 12414 $680,000 -- -- -- 0.10 Acre
453 Main Street, Catskill, NY, 12414 $680,000 4 5 2,928 0.10 Acre
11 Summit Avenue, Catskill, NY, 12414 $285,000 -- -- 2,238 0.11 Acre
65 W Bridge Street, Catskill, NY, 12414 $525,000 7 7 4,100 0.08 Acre

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Ulster County Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Ulster County Board of REALTORS®, Inc.

ByOwner last updated this listing 10/07/2026 @ 03:53

MLS: 20265682 LISTED BY: Theodore Banta III, RVW Select Properties SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)

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