For Sale
$379,000

6298-6306 Ny-32 Cairo, NY 12413

Four-unit property, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional mixed-use property in Cairo, NY, presents a unique investment opportunity. Situated on a 3.53-acre lot, this offering comprises four distinct buildings: a charming 1,092 sq ft retro diner, a 384 sq ft cottage, a 744 sq ft two-story garage (built 1991) with potential for conversion, and a 968 sq ft, three-bedroom, two-bathroom home (built 1980). The total square footage is 2,444 sq ft. The property boasts multiple revenue streams, with the diner providing a high-traffic commercial space, while the cottage and home offer additional rental income potential. The garage provides ample storage and the possibility of creating extra living or office space, subject to town approval. Located in the heart of Greene County's rapidly growing Catskills region, this property benefits from a prime location and strong potential for future appreciation. The asking price is $379,000, with a pro-forma NOI of $46,417 and a pro-forma cap rate of 12.25%. The property was built in 1930, with the garage and home built in 1991 and 1980 respectively. The permitted zoning is 02-HC-.5. This versatile property offers a compelling blend of commercial and residential uses, making it an attractive investment for discerning buyers seeking diverse income streams and significant growth potential in a desirable location.

Highlights

  • 1,092 SF retro diner generating consistent revenue.
  • 384 SF cottage offering additional rental income or owner-occupancy flexibility.
  • 744 SF two-story garage with potential for conversion to extra living space (town approval required).
  • 968 SF, 3-bedroom, 2-bathroom home providing rental income or owner use.
  • 3.53-acre lot allowing for future expansion.
  • Prime location in Greene County's rapidly growing Catskills region.

Property Details for 6298-6306 Ny-32

Property type
Mixed-use properties
Square Feet
2,444 SF
Year Built
1930
Buildings
4
Lot Size (sq. ft)
153,767 SF
Units
4

Location Insight

City
Cairo
County
Greene
State
New York
Latitude
42.249815
Longitude
-73.977382
6298-6306 Ny-32, Cairo, New York

FAQs

What type of property is this?
Mixed-use property - Four-unit property, high ROI potential.
Where is the mixed-use property located?
The property is located at 6298-6306 Ny-32 Cairo, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,092 SF retro diner generating consistent revenue.; 384 SF cottage offering additional rental income or owner-occupancy flexibility.; 744 SF two-story garage with potential for conversion to extra living space (town approval required).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6298-6306 Ny-32
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