Jon Paul Molfetta

Lic. RE Associate Broker
Hudson Valley Realty
845-461-1843
Office: 845-639-0300

An incredible opportunity to own this well priced three family property in Sloatsburg, NY. So much money is being invested into the area, this might be an opportunity to buy at market value and see a real upside. Cap is 7.5% currently. With some minor investments, it could be even higher. The property is setup as a 2 family house (top and bottom) plus a detached structure that houses a 2/3 BR apartment and a 20′ x 15′ garage. The garage is currently being used by the owner for storage, but include that in the rental, and there’s an immediate upside. There is also an unfinished walkout basement on the 2 family house that is used by the Owner. Gas and electric are separately metered (3 gas and 3 electric). Water is paid by the Landlord. Roof on the 2 family was done in 2005. Roof on the back building / garage was done in 2002. The building is serviced by a cess pool, but municipal sewer is right on the street. Easy access to NYC bus and train and part of the Suffern School District.