17 – 62 Gina Marie Avenue, Cairo, NY 12413 (MLS# 143318)
$5,125,000
Cairo, NY 12413
MLS# 143318
Status: Closed
2 beds | 41400 sqft
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Property Description
56-unit garden apartments situated within 14 buildings, plus a barn/shop, a garage/shop, and pump house. There is also excess land for future development of more apartments and/or storage units. Good condition and good quality finishes. All apartments have been updated. Newer roofs and exterior siding recently stained. Laundry rooms on site within most buildings. There are a total of 5 tax parcels, (see agent notes.) Ample parking on site, with large lawn and play and picnic areas. Park like setting for quiet enjoyment. Total apartment mix: 33-2 BR, 21-1 BR, and 2 studio apartments. 15 minutes to Windham and to Thruway Exit 21 in Catskill.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Raymond Pacifico DBA-Pine Tree Garden & Pine Tree
Lease Considered YN: Yes
Current Price: $5,125,000
Original List Price: 5300000
Sold Price: $5,125,000
Status: Closed
Listing Contract Date: 2022-08-05
Property Sub Type: Multi Family
Location, Tax, and Legal
911 Address: 17-62 Gina Marie Avenue
School District: Cairo-Durham Central School District
General Tax: 0
School Tax: 24343
Town Tax: 17973
Village Tax: 0
Tax Annual Amount: 43316
Tax Year: 2022
Assessors Full Market Value: 1770900
Tax Assessed Value: 1062500
Parcel Number: 83.00-6-28
Tax Exemptions YN: No
Zoning Description: C-Commercial
Directions: From Cairo, west on Route 23 to right on Old Route 23(CR 20). Go about 1/4 mile and see properties on both sides of the road and onto Gina Marie Avenue off Old Route 23.
General Property Information
Number Of Units Total: 56
Lot Size Acres: 10.47
Waterfront YN: No
Flood Plain YN: No
Sign On Property YN: No
Disclaimer: Information not guaranteed.
Basement YN: Yes
List Price/SqFt: 128.02
Sold Price/SqFt: 123.79
Bedrooms Total: 2
Living Area: 41400
Year Built: 1978
Remarks and Miscellaneous
CGR Public Historical Remarks: Existing Lease Type: Net, Three Quarter Bathrooms: 0, Quarter Bathrooms: 0, Value Range Price: 0.00, # of Furnaces: 4, Ag District Discl: No, Ag District: No, Certificate of Occ: Yes, FIPS Code: 39, Garage/Parking: on site parking, Green Features: No, Lease Type: Net, Pond/Stream: small pond, Special Conditions: None/Unknown, Utilities Included: Heat and HW for 5-1 BR apartments only, Water Rights: No, Windows: Andersen, Year Built Exception: 0
Public Remarks: 56-unit garden apartments situated within 14 buildings, plus a barn/shop, a garage/shop, and pump house. There is also excess land for future development of more apartments and/or storage units. Good condition and good quality finishes. All apartments have been updated. Newer roofs and exterior siding recently stained. Laundry rooms on site within most buildings. There are a total of 5 tax parcels, (see agent notes.) Ample parking on site, with large lawn and play and picnic areas. Park like setting for quiet enjoyment. Total apartment mix: 33-2 BR, 21-1 BR, and 2 studio apartments. 15 minutes to Windham and to Thruway Exit 21 in Catskill.
Status Change Information
Status Change Timestamp: 2023-03-03
Concessions: No
Buyer Financing: Cash
Concessions Amount: 0
Major Change Timestamp: 2023-03-03T23:37:28Z
Major Change Type: Status Change
Purchase Contract Date: 2023-01-06
Close Date: 2023-03-03
Close Price: 5125000
Appliances
Electric Water Heater: 1
Water Heater: 1
Basement
Crawl Space: 1
Partial: 1
Unfinished: 1
Construction Materials
Board & Batten Siding: 1
Frame: 1
Electric
200+ Amp Service: 1
Foundation Details
Block: 1
Concrete Perimeter: 1
Slab: 1
Heating
Baseboard: 1
Electric: 1
Oil: 1
Interior Features
High Speed Internet: 1
Patio And Porch Features
Deck: 1
Enclosed: 1
Patio: 1
Porch: 1
Road Surface Type
Paved: 1
Roof
Asphalt: 1
Sewer
Engineered Septic: 1
Private Sewer: 1
Water Source
Private: 1
Public: 1
Well: 1
Window Features
Double Hung Window(s): 1
Double Pane Windows: 1
Storm Window(s): 1
Documents Available
Survey: 1
Income and Expenses
Financials Available Y/N: Yes
Meter Information
Number Of Separate Electric Meters: 9
Number Of Separate Gas Meters: 9
Tenant Pays
All Utilities: 1
Electricity: 1
Unit 1 Information
Actual Rent: 0
Occupied YN: Yes
Unit 2 Information
Actual Rent: 0
Unit 3 Information
Actual Rent: 0
Unit 4 Information
Actual Rent: 0
Showing Information
Showing Instructions: Owner/Broker to show by appointment with NDA to be signed
Location Tax and Legal
Street Number: 17 - 62
Street Name: Gina Marie Avenue
County: Greene
State: NY
Zip Code: 12413
Town (Taxable): Cairo
Property Features
Appliances: Electric Water Heater; Water Heater
Basement: Crawl Space; Partial; Unfinished
Construction Materials: Board & Batten Siding; Frame
Documents Available: Survey
Electric: 200+ Amp Service
Foundation Details: Block; Concrete Perimeter; Slab
Heating: Baseboard; Electric; Oil
Interior Features: High Speed Internet
Patio And Porch Features: Deck; Enclosed; Patio; Porch
Road Surface Type: Paved
Roof: Asphalt
Sewer: Engineered Septic; Private Sewer
Tenant Pays: All Utilities; Electricity
Water Source: Private; Public; Well
Window Features: Double Hung Window(s); Double Pane Windows; Storm Window(s)
Listing Courtesy of County Acres Real Estate
Listing Agent: Raymond Pacifico