For Sale $1,400,000
Property Type Multi-Family
Units 33
Lot Size 5.45 Acre
Year Built 1950
Date Updated Mar 8, 2024

Hyde Park is located 90 minutes north of NYC and 15 minutes north of Poughkeepsie in the Hudson Valley.Northeast Private Client Group is pleased to exclusively present for sale 1088-1092 Violet Avenue. The Property consists of a total of 18 pads (11 Trailers owned by the seller, 7 pads only lot rent), 14 cabins, and 1 house for a total of 33 Units on 5.45 acres of land. The property provides an opportunity to purchase a high cap rate community with significant upside. A new owner would benefit from replacing the older trailers with newer units to capture market lot rents, along with site work such as paving the driveway.

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Highlights

High Cash Flow Opportunity
10.04% Year 1 Cap Rate
Recent Cap Ex
Siding and Renovating Cabins
Value-Add Opportunity
12.19% Pro Forma Cap Rate

Contacts

Jeff Wright

Northeast Private Client Group

(203) 307-1581

Location

Getting Around

Walk Score ®
26/100 Car-Dependent
Bike Score ®
31/100 Somewhat Bikeable

City Hyde Park, NY
Neighborhood Haviland
Zip Code 12538
Market White Plains

Points of Interest

West Dorsey Lane & Route 9 (CIA)

3.10 miles
Reliable Taxi

5.36 miles
Poughkeepsie

5.68 miles
Stop & Shop

6.19 miles
Rhinecliff-Kingston

9.47 miles

Mobil gas station

0.10 miles
Sunoco Gas Station

1.04 miles
Stop and Shop Gas Station

1.98 miles
Valero

3.14 miles
Speedway

3.28 miles
Mobil

4.29 miles
Mobil

4.77 miles
Speedway

5.65 miles
Gulf

6.00 miles
Sunoco

6.12 miles

Faculty Parking

2.95 miles
Anton Plaza

3.08 miles
Lot D

4.00 miles
Lot C

4.05 miles
Highland Park & Ride

4.08 miles
Lot A

4.37 miles
Lot E

4.41 miles
Lot B

4.45 miles
Lot F

4.50 miles
Morgan Lake Trailhead

4.85 miles

Quality Inn Hyde Park - Poughkeepsie North

1.24 miles
Village Square Motel

1.26 miles
Super 8

4.19 miles
Highland Motel

5.48 miles
Poughkeepsie Grand Hotel

5.71 miles
Atlas Motor Lodge

5.93 miles
Alumnae House

6.68 miles
Rodeway Inn & Suites

7.23 miles
Holiday Inn Express

7.63 miles
Econo Lodge

7.84 miles

McDonald's

1.00 miles
Hyde Park Pizza

1.02 miles
Eveready Diner

1.14 miles
Dairy Queen

1.19 miles
Dunkin' Donuts

1.94 miles
American Bounty Restaurant

3.02 miles
The Bocuse Restaurant

3.02 miles
Apple Pie Bakery Café

3.03 miles
Ristorante Caterina de' Medici

3.07 miles
Touch of Naples

3.22 miles

Smith School

0.88 miles
Ralph R Smith School

0.91 miles
Haviland Middle School

1.07 miles
Hyde Park Elementary School (closed)

1.14 miles
Millennial Kingdom Family School

1.43 miles
Eymard Seminary

1.44 miles
Saint Gabriels School

2.35 miles
North Park Elementary School

2.47 miles
Mother Cabrina School

2.47 miles
Franklin D Roosevelt Senior High School

2.77 miles

Greenspan Day Care Center

4.44 miles
St. Francis Hospital Daycare Center

8.87 miles

Frequently Asked Questions

What is the lease rate for 1088-1092 Violet Ave?

Rental asking rate at 1088-1092 Violet Ave is $700,000.00/YR.

When was this property built?

1088-1092 Violet Ave was built in 1950.

Looking for more in-depth information on this property?

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Contact Listing Broker

Jeff Wright

Northeast Private Client Group

(203) 307-1581

Map of Property

1088-1092 Violet Ave