Price Reduced 4.55%

$2,625,000

Est. Mortgage $13,273/mo *

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Price History

$2,750,000
4/19/2024

$2,625,000
5/13/2024

1256 North Avenue, Beacon, NY, 12508

1256 North Avenue, Beacon, NY, 12508
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11 Full baths

1950

Rare 10% CAP - Almost Ready Beacon Multifamily Property Premium Opportunity in Prime Location Welcome to this exceptional multifamily property in the heart of Beacon, NY! This unique investment opportunity offers a combination of commuter rentals and Air B&B potential, perfect for savvy investors and entrepreneurs. Recently Renovated The property has undergone significant renovations, with 7 apartments on the 2nd and 3rd floors nearing completion. First Floor Flexibility The 1st floor features 14 units configured as a Single Resident Occupancy/Air BNB Hostel-Style layout, providing flexibility and versatility for short-term rentals or long-term leases. Prime Location Conveniently next to the Newburgh/Beacon Bridge and close to the direct train to Grand Central Station. Beacon is a prime residential area, boasting the Dia.Beacon Museum, many shops and food establishments.

Status:

Active

Type:

Commercial

Units:

21

Heating:

Electric

Cooling:

Wall/Window Unit(s)

Basement:

Bilco Door(s), Full

Parking:

Off Street, Parking Lot

Acreage:

0.43

Est. Taxes:

$26,000

Assessment

$533,000

Utilities

Trash Collection Private

Elementary School:

South Avenue School

Middle School:

Rombout Middle School

High School:

Beacon

School District:

Beacon

Days on Market:

241

Appliances:

Electric Water Heater

MLS #:

H6302056

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of KELLER WILLIAMS VALLEY REALTY (201) 391-2500