19-23 Greenway LN, Fallsburg, NY 12759
19-23 Greenway LN, Fallsburg, NY 12759
19-23 Greenway LN, Fallsburg, NY 12759
19-23 Greenway LN, Fallsburg, NY 12759
19-23 Greenway LN, Fallsburg, NY 12759
19-23 Greenway LN, Fallsburg, NY 12759
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Teka Rennocks

Teka Rennocks

+1(347) 326-2627
$ 1,999,999
Est. payment | /mo
Save
$ 1,999,999
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 932973

Rental Info No

Property Sub-Type Other

Source onekey2

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.

Location

State NY

County Sullivan County

Rooms

Basement Finished

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Cooktop, Microwave, Oven, Tankless Water Heater

Exterior

Utilities Available Cable Connected, Electricity Connected, Propane, Sewer Connected, Trash Collection Public, Water Connected

Building

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Structure Type Other

Others

Special Listing Condition Third Party Approval

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Realty • Peter Berman

Nearby Locations

Teka Rennocks

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(347) 326-2627

teka@berbickpremierrealty.com

70 E Sunrise Hwy Ste, Valley Stream, New York, 11581, USA

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19-23 Greenway LN