6298-6306 Ny-32Cairo, NY 12413

Property Details for 6298-6306 Ny-32

Year built

1930

Lot size

3.53 AC

Property size (Sq ft)

2,444 SF

Property type

Mixed-use properties

Description

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.

Location Insight

City

Cairo

County

Greene

State

New York

Latitude

42.2498

Longitude

-73.9774

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