BEDS0
BATHS
MLS#932973
STATUSActive
PROPERTY TYPECommercial -
Property Description
This 3 unit building is a rare gem of an asset, well built and tremendous cash flow capabilities. These 3 townhouse style units are superbly well built on ground leased land within the boundaries of SUNY Sullivan. Initially built as supplemental housing, it is now the ONLY on campus housing option. All other housing options on campus have been decommissioned. In addition to all of the physical benefits of this LEED certified building the biggest advantage is that it is operated by the College. Owner is only responsible for Capital Projects, of which there are not many. Lease up, management and collections are all handled by the college. Owner collects revenue from the College and pays Utility Bills and Insurance.Purchase is of the building only, the building is on a Ground Lease. Lease has 15 years remaining plus a 10 year option, with a cash buyout. Additionally lease creates exclusive option to develop additional housing within the campus.This is truly a mailbox money opportunity.
Property Features
Property Type: Commercial -
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Stories: 3.0
Taxes: $0
Feature Descriptions
Appliances: Gas Cooktop, Microwave, Oven, Tankless Water Heater
Building Area Total: 11085
Business Type: Other
Cap Rate: 9
Days on Site: 110
Electric: 200+ Amp Service
Exterior: Other
Heating Zones: 9
On Market Date: 2025-11-13
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Propane, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty
Agency Contact: 845-928-8000
Shown By
Agent Name: TEAM Rita Bender
Agent Phone: Cell: (631) 871-5470
Agency Title: Howard Hanna | Coach Realtors
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19-23 Greenway Lane | MLS# 932973
This commercial property located at 19-23 Greenway Lane, Fallsburg, NY 12759 is currently listed for sale with an asking price of $1,999,999. Search Fallsburg real estate on www.ritabender.com today.