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62 Main Street

Philmont NY 12565

50094 sq. ft.
Duplex
Currently for sale - view listing

Overview

Six buildings, twenty-three units, four blocks of the Philmont village core, held in single ownership since 2022 and offered as one. Nineteen units leased. Trailing twelve-month net operating income of 195,147 dollars on 306,128 dollars of effective gross income, cash basis, per ownership's books; stabilized net operating income projected at 223,289 dollars once four ordinary vacancies are turned at rents already achieved in the same buildings. The repositioning is a record rather than a projection: tenants in continuous occupancy since the 2022 acquisition have seen contract rents rise from a median of 825 dollars to a median of 1,275 dollars on the same units. Ownership converted 62 Main from central oil to individual electric heat, restored facade work, renovated bathrooms and upgraded insulation throughout. 62 Main (6 units), 20 Church (4), 7 Canal (4), 3 Elm (4), 3 Church (3), 5 Elm (2). Fifteen minutes to Hudson and Amtrak.

Features

50094 sq. ft. lot size
Duplex

Happy sellers in Philmont

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We have insufficient information to provide an overview of customer satisfaction for Philmont. Viewing the agent profiles, reviews and sales for Philmont can provide insights for this location.

Local market activity for duplexes in Philmont

In the last 12 months, 5 duplexes similar to 62 Main Street, have been sold.

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