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62 Main Street

Philmont, NY 12534

$3,229,000 $13,613/Mo

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Overview

Bed

Bath

1.15

Acres(Lot)

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 ownership's 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.

Property Details

Property Type : Residential Income

Price : $3,229,000

AD Id : 91127585

MLS Id : 20265238

Lot Size : 1.15 Acres

Tax Amount : 23649.00

Year Built : 1979

County : Columbia

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Features

Building Information

Year Built: 1979 Private Pool: No

Lot Information

Main Square Feet: 1.15 Acres Lot Size Acres: 1.15 Lot Size Square Feet: 50094

Listing Price Information

Listing Price: $3229000

Tax Information

Parcel Number: 113.130-0001-003.000 Tax Lot: 3 Tax Block: 1 Annual Tax: $23649 Tax Legal Desc: 66% assessment level Claverack

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
52 Church Street, Philmont, NY, 12534	$495,000	5	--	1,872	0.28 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 09/12/2026 @ 18:35

MLS: 20265238 LISTED BY: Kathryn Johnson, William Pitt Sotheby's Interna SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)

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