5759 New York 23a, Tannersville, NY 12485

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...