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Property view

420 Crescent Avenue, 
Highland, NY 12528

$1,695,000

Last List Price

24

Beds


23

Baths


15,000

Sq Ft


Multi-Family

Sold

Listed by

Matthew Eyler

New Paltz Properties

845-417-8300

MLS#

20251673

Source:

NY MLSUC

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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

Sold:

August 6, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

24

Bathrooms

Total Bathrooms:

23

Interior

Living Area:

15,000 Sq. Ft.


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
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