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5759 Ny-23a

Tannersville, NY 12485
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Bed 9

Bed

Bath 11

Bath

SqFt6,000

Sqft

Acres0.93

Acre(Lot)

Positioned at the east entrance to Tannersville, this 11 unit mixed-use building sits on a prominent corner lot directly across from Town Hall, serving as a gateway property into one of the Catskills' most active four-season markets. Held by the same ownership for over 35 years, opportunities of this scale and consistency rarely come available in this immediate area. The building consists of 9 residential apartments and 2 commercial office suites, offering a diverse and functional unit mix of 3 one-bedroom apartments, 3 studio apartments with lofted sleeping areas, and 3 traditional studio units. All units are currently rented on a month-to-month basis, providing immediate income with the ability to adjust rents over time. The property generates approximately 117k in annual gross income , with operating expenses around 49k, resulting in a net operating income near 68k. At the current asking price, this equates to an approximate 7.8 cap rate, positioning the asset competitively for investors seeking both yield and upside. Set across four levels, including a lower-level basement with additional apartments, the building offers an efficient layout with multiple access points. The property is serviced by municipal water and sewer, has a new roof and benefits from ample off-street parking, a key feature for both residential and commercial tenants. Located just minutes to Hunter Mountain and within walking distance to Main Street, shops, dining, and local amenities, the property is ideally positioned to capture steady, year-round rental demand. Its proximity to North and South Lake, Kaaterskill Falls, and surrounding hiking trails further enhances its appeal. This is a proven, income-producing asset with a strong rental history, consistent occupancy, and clear upside potential through rent optimization and leasing of the commercial suites. A rare offering in a tightly held market, well suited for investors looking to establish or expand in the Catskills.

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Detail Ic Property Details

Property Type : Residential Income

Price : $875,000

AD Id : 77583832

MLS Id : 20261689

Beds : 9

Lot Size : 0.93 Acre

Living Area Size : 6,000

Year Built : 1960

County : Greene

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 11

    Room Information

    Has Basement: Yes Basement: Apartment, Finished, Walk-Out Access
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt

  • Building Information

    Year Built: 1960 Building Area Total: 6000 Stories: 4 Patio And Porch Features: Deck Private Pool: No View: Mountain(s)

  • Lot Information

    Main Square Feet: 0.93 Acres Lot Size Acres: 0.93 Lot Size Square Feet: 40510.8 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $875000

  • Tax Information

    Parcel Number: 182.00-1-5.11 Tax Lot: 1 Tax Block: 1 Annual Tax: $5935

  • Parking Information

    Gravel, Off Street, Parking Lot

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5807 Main Street, Tannersville, NY, 12485 $425,000 6 4 2,371 2,371 SqFt
40 Van Drive, Tannersville, NY, 12485 $410,000 5 3 2,733 2,733 SqFt
534-538 Platte Clove Road, Tannersville, NY, 12485 $329,900 5 3 1,754 1,754 SqFt

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 06/20/2026 @ 23:56

MLS: 20261689 LISTED BY: Jason Dugo, Dugo Realty SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)

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