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For Sale
Tannersville
5759 Ny-23a

5759 Ny-23a

Tannersville, NY 12485

$875,000

9 Bedrooms
6,000 Sqft

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5759 Ny-23a
Tannersville, NY 12485

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Hunter / Tannersville / NY

Multi Family HIGHLIGHTS

Property Type

Residential Income, Multi Family
Style

Other
Year Built

1960
Stories

4
Views

Yes - Mountain(s)
RE Tax

$5,935

Listing courtesy of Jason Dugo of Dugo Realty.

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.

5759 Ny-23a

Facts & Features

Acres

0.93 Acres
Area

Hunter, Hunter
Bedrooms Total

9
High School

Hunter-Tannersville District
Living Area

6,000 Sqft

Lot Size

40,510 Sqft
MLS #

20261689
Property Type

Multi Family
Year Built

1960

Architectural Style

Other
Building Area Total

6000
Stories

4
Structure Type

Multi Family

Total Number of Units

11
Total Stories

4
Year Built

1960

Zoning

Com 1

Lot Features

Corner Lot
Parking Features

Gravel, Off Street, Parking Lot
Patio and Porch Features

Deck
Roof

Asphalt
View

Yes - Mountain(s)

Annual Taxes

$5,935
Insurance Expense

$6,639
Maintenance Expense

$7,625
Water/Sewer Expense

$990

Basement

Apartment, Finished, Walk-Out Access
Has Basement

Yes

Electric

Circuit Breakers
Sewer

Public Sewer
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $495

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

5759 Ny-23a

Location

Nearby Points of Interest

Jessie's Harvest House
Restaurants, Independent
Selena & Nick's Diner
Restaurants, Diner
Bear & Fox Provisions LLC
Cafes, Independent
Kaaterskill Liquors
Alcohol, Independent
Dabos Smoke Shop
Non Food Shops, Independent

Data courtesy of LocalLogic.co

Neighborhood

Tannersville

Tannersville is a charming Catskills village known for its colorful architecture, mountain scenery, and welcoming small-town atmosphere. Located near Hunter Mountain, it provides easy access to outdoor recreation including skiing,...

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5759 Ny-23a

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