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5759 Ny-23a, 
Tannersville, NY 12485

$850,000


9

Beds


11

Baths


6,000

Sq Ft


Multi-Family

Active

Listed by

Jason Dugo

Dugo Realty

518-719-5926

Last updated:

September 13, 2026, 03:37 PM

MLS#

20261689

Source:

NY MLSUC

About This Home

5759 Ny-23a

Positioned at the east entrance to Tannersville, this 11 unit mixed-use building sits on a prominent corner lot directly across from Town Hall, serving as a gateway property into one of the Catskills' most active four-season markets. Held by the same ownership for over 35 years, opportunities of this scale and consistency rarely come available in this immediate area. The building consists of 9 residential apartments and 2 commercial office suites, offering a diverse and functional unit mix of 3 one-bedroom apartments, 3 studio apartments with lofted sleeping areas, and 3 traditional studio units. All units are currently rented on a month-to-month basis, providing immediate income with the ability to adjust rents over time. The property generates approximately 117k in annual gross income, with operating expenses around 49k, resulting in a net operating income near 68k. At the current asking price, this equates to an approximate 7.8 cap rate, positioning the asset competitively for investors seeking both yield and upside. Set across four levels, including a lower-level basement with additional apartments, the building offers an efficient layout with multiple access points. The property is serviced by municipal water and sewer, has a new roof and benefits from ample off-street parking, a key feature for both residential and commercial tenants. Located just minutes to Hunter Mountain and within walking distance to Main Street, shops, dining, and local amenities, the property is ideally positioned to capture steady, year-round rental demand. Its proximity to North and South Lake, Kaaterskill Falls, and surrounding hiking trails further enhances its appeal. This is a proven, income-producing asset with a strong rental history, consistent occupancy, and clear upside potential through rent optimization and leasing of the commercial suites. A rare offering in a tightly held market, well suited for investors looking to establish or expand in the Catskills.

Home Facts

Multi-Family

11 Baths

9 Bedrooms

Built in 1960

Price Summary

850,000

$141 per Sq. Ft.

MLS #:

20261689

Last Updated:

September 13, 2026, 03:37 PM

Added:

5 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

11

Interior

Living Area:

6,000 Sq. Ft.


Structure

Structure

Building Area:

6,000 Sq. Ft.

Year Built:

1960


Lot

Lot Size (Sq. Ft):

40,510


Finances & Disclosures

Finances

Price:

$850,000

Price per Sq. Ft:

$141 per Sq. Ft.

Source:NY MLSUC
The information being provided by Hudson Valley Catskill Mls 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. © 2026 Hudson Valley Catskill Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.