NOT LISTED FOR SALE

659 E Main St Cobleskill, NY 12043

44 Beds
32 Baths
21,076 Sq Ft
1.42 Acres

Last Sold November 30, 2023

Last sale price $1,100,000 $52 Per Sq Ft

265 Days on Market

Highlights

  • Barn
  • Wood Flooring
  • Covered Patio or Porch
  • 1.42 Acre Lot
  • No HOA
  • Built-In Features

About This Home

As of November 2023

Excellent investment opportunity! 5 apartment buildings totaling 32 units in the Village of Cobleskill, NY. Prime location; walking distance to all amenities and services. Ample off street parking, strong rental history. Gross yearly rental income of $266,700.00 with gross profit of $143,200 per year.

Last Agent to Sell the Property

Matthew Loder

Country Boy Realty License #10311204132 Listed on: 12/15/2022

Last Buyer's Agent

Thomas Van Raalte, Jr.

Select Sotheby's Int Realty License #40VA0919966

Select Sotheby's Int Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,300

Year Built

  • Built in 1920

Lot Details

  • 1.42 Acre Lot
  • Property fronts a private road

Home Design

  • Block Foundation
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Asphalt

Interior Spaces

  • 21,076 Sq Ft Home
  • Built-In Features

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 44 Bedrooms
  • Bathroom on Main Level
  • 32 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Crawl Space

Parking

  • 32 Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Baseboard Heater
  • 200+ Amp Service
  • 150 Amp Service
  • 100 Amp Service
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • Barn

Listing and Financial Details

  • Tenant pays for internet, electricity
  • Assessor Parcel Number 56.18-8-20

Community Details

Overview

  • No Home Owners Association
  • 32 Units

Building Details

  • Insurance Expense $7,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,300

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Electric Expense: 4199.47
  • Year Built: 1920
  • Directions: From Cobleskill office on E Main St, continue west on E Main St for .3 mile, 659 E Main St property on right
  • Above Grade Finished Sq Ft: 21076.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details General Taxes: 10826.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 17545.0
  • School Taxes Description: Estimated
  • Financial Details Village Taxes: 7927.0
  • Village Taxes Description: Estimated
  • Lot Size Acres: 1.42
  • New Construction: No
  • Parking Features Parking Total: 32.0
  • Sale Detail Seller Contribution: No
  • Electric Expense Description: Actual
  • Gas Expense Description: Actual
  • Insurance Expense Description: Actual
  • Income And Expenses Maintenance Expense: 15696.0
  • Water Sewer Expense Description: Actual
  • Income And Expenses Miscellaneous Expense: 6800.0
  • Miscellaneous Expense Description: Estimated
  • Rental Income: 266700.0
  • Rental Income Description: Estimated
  • Number of Refrigerators: 32
  • Unit Information Number Of Stoves: 32
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Foundation Details:Slab: Yes
  • Flooring:Wood: Yes
  • Foundation Details:Concrete Perimeter: Yes
  • Foundation Details:Block2: Yes
  • Special Features: None

Interior Features

  • Flooring: Wood, Carpet, Laminate, Linoleum
  • Basement: Crawl Space, Full, Partial, Other
  • Interior Amenities: High Speed Internet, Built-in Features
  • Full Bathrooms: 32
  • Total Bedrooms: 44
  • Living Area: 21076.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 10: 2nd
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 1st
  • Bathroom Levels Full Bathroom 5: 1st
  • Bathroom Levels Full Bathroom 6: 2nd
  • Bathroom Levels Full Bathroom 7: 2nd
  • Bathroom Levels Full Bathroom 8: 2nd
  • Bathroom Levels Full Bathroom 9: 2nd
  • Interior Features:High Speed Internet: Yes
  • Full Basement: Yes
  • Basement:Partial: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Built-in Features: Yes
  • Attic Features:Eaves: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Metal, Asphalt
  • Construction Type: Clapboard, Vinyl Siding, Wood Siding
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Other Structures: Barn(s)
  • Patio And Porch Features: Porch, Side Porch, Covered, Front Porch
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:None37: Yes
  • Lot Features:Road Frontage: Yes
  • Construction Materials:Clapboard2: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Patio And Porch Features:Covered: Yes
  • Patio And Porch Features:Side Porch: Yes

Garage/Parking

  • Parking Features: Off Street, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 32.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service, 150 Amp Service, 200+ Amp Service
  • Heating: Baseboard, Electric, Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 17606.58
  • Annual Water Sewer Expense: 19702.54

Schools

  • Junior High Dist: Cobleskill-Richmondville

Lot Info

  • Lot Features: Road Frontage
  • Parcel #: 56.18-8-20
  • Lot Size Sq Ft: 61855.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Internet, Electricity

Multi Family

  • Insurance Expense: 7500.0
  • Number Of Units Total: 32
  • Maintenance Expense: 15696.0

Tax Info

  • Tax Annual Amount: 36300.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $1,100,000 -20.0% $52 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
12/15/2022 12/15/22 For Sale $1,375,000 -- $65 / Sq Ft
Source: Global MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,769 $133,200 $18,600 $114,600
2023 $6,801 $133,200 $18,600 $114,600
2022 $7,374 $133,200 $18,600 $114,600
2021 $5,774 $133,200 $18,600 $114,600
2020 $10,997 $133,200 $18,600 $114,600
2019 $12,526 $133,200 $18,600 $114,600
2018 $12,526 $133,200 $18,600 $114,600
2017 $13,835 $133,200 $18,600 $114,600
2016 $8,866 $133,200 $18,600 $114,600
2015 -- $133,200 $18,600 $114,600
2014 -- $133,200 $18,600 $114,600
Source: Public Records

Agents Affiliated with this Home

  • Matthew Loder

    Seller's Agent in 2023

    Matthew Loder

    Country Boy Realty

    (518) 378-1235

    92 in this area

    564 Total Sales

    Matthew Loder
    Section Image

  • T

    Buyer's Agent in 2023

    Thomas Van Raalte, Jr.

    Select Sotheby's Int Realty

    Section Image
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Map

Source: Global MLS

MLS Number: 202231305

Global MLS
New York Schoharie County Cobleskill 12043

659 E Main St, Cobleskill, NY

Not Listed for Sale

MultiFamily

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Information is deemed reliable but not guaranteed.



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