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420 Crescent Avenue, 
Highland, NY 12528

$1,695,000


24

Beds


23

Baths


15,000

Sq Ft


Multi-Family

Active

Listed by

Matthew Eyler

New Paltz Properties

Last updated:

June 6, 2025, 03:53 PM

MLS#

20251673

Source:

NY MLSUC

About This Home

420 Crescent Avenue

Opportunity to acquire a large, well-located multi-family compound with tremendous upside potential. Originally built as a summer bungalow resort, the property features 32 acres of beautiful grounds with 9 individual buildings housing 22 residential units. These buildings include a 3BR single-family home (occupied by the current owners), a motel-like building with 6 studio apartments, a row building with 3 one-bedroom apartments, a two story building with 4 studio apartments, the original main house with 4 one-bedroom apartments, and 4 stand-alone one-bedroom cottages. There is one additional building that houses an on-site coin-operated laundry facility for the tenants. The grounds include mature shade trees, open lawns, wooded areas with stone walls and wild turkeys, and a large pond along the main entrance drive that was recently paved. All but three of the units are currently occupied, and rents are significantly below market rate, presenting an opportunity for major revenue growth. Further upside can potentially be unlocked by developing additional units on site - zoning density calculations suggest the ability to building another 12 units on the property. Full financials available upon request.

Home Facts

Multi-Family

23 Baths

24 Bedrooms

Built in 1972

Price Summary

1,695,000

$113 per Sq. Ft.

MLS #:

20251673

Last Updated:

June 6, 2025, 03:53 PM

Added:

14 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

24

Bathrooms

Total Bathrooms:

23


Structure

Structure

Building Area:

15,000 Sq. Ft.

Year Built:

1972


Lot

Lot Size (Sq. Ft):

1,389,564


Finances & Disclosures

Finances

Price:

$1,695,000

Price per Sq. Ft:

$113 per Sq. Ft.

Source:NY MLSUC
The information being provided by Multiple Listing Service of Ulster County, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Multiple Listing Service of Ulster County, Inc. All rights reserved.

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