62 Main Street, Philmont, NY 12534 (MLS# 20265238)
$3,229,000
Philmont, NY 12534
MLS# 20265238
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Property Description
Six buildings, twenty-three units, four blocks of the Philmont village core, held in single ownership since 2022 and offered as one. Nineteen units leased. Trailing twelve-month net operating income of 195,147 dollars on 306,128 dollars of effective gross income, cash basis, per ownership's books; stabilized net operating income projected at 223,289 dollars once four ordinary vacancies are turned at rents already achieved in the same buildings. The repositioning is a record rather than a projection: tenants in continuous occupancy since the 2022 acquisition have seen contract rents rise from a median of 825 dollars to a median of 1,275 dollars on the same units. Ownership converted 62 Main from central oil to individual electric heat, restored facade work, renovated bathrooms and upgraded insulation throughout. 62 Main (6 units), 20 Church (4), 7 Canal (4), 3 Elm (4), 3 Church (3), 5 Elm (2). Fifteen minutes to Hudson and Amtrak.
Details
Contract Information
Current Price: $3,229,000
Original List Price: 3229000
List Price: $3,229,000
Status: Active
Listing Contract Date: 2026-09-08
Property Sub Type: Duplex
Listing Agreement: Exclusive Right To Sell
Owner Name: Hopewell Hudson LLC
Lease Considered YN: No
General Property Information
Number Of Units Total: 23
New Construction YN: No
Year Built: 1979
Lot Size Acres: 1.15
Sign On Property YN: No
Disclaimer: Square footage not measured. Assessed area per Columbia County assessor records: 17,773 sf across five parcels; no assessed area carried at 5 Elm Street. Above and below grade areas and bedroom and bath counts are not separately stated in any record and are not represented. Purchasers to verify by independent measurement.
Buildings range 1910 to 1984, and 1979 reflects only the primary parcel.
Remarks and Miscellaneous
Public Remarks: Six buildings, twenty-three units, four blocks of the Philmont village core, held in single ownership since 2022 and offered as one. Nineteen units leased. Trailing twelve-month net operating income of 195,147 dollars on 306,128 dollars of effective gross income, cash basis, per ownership's books; stabilized net operating income projected at 223,289 dollars once four ordinary vacancies are turned at rents already achieved in the same buildings. The repositioning is a record rather than a projection: tenants in continuous occupancy since the 2022 acquisition have seen contract rents rise from a median of 825 dollars to a median of 1,275 dollars on the same units. Ownership converted 62 Main from central oil to individual electric heat, restored facade work, renovated bathrooms and upgraded insulation throughout. 62 Main (6 units), 20 Church (4), 7 Canal (4), 3 Elm (4), 3 Church (3), 5 Elm (2). Fifteen minutes to Hudson and Amtrak.
Status Change Information
Major Change Timestamp: 2026-09-09T17:53:20Z
Major Change Type: New Listing
Status Change Timestamp: 2026-09-09
Book Information
Liber/Book: 555
Page: 1760
Section: 113.13
Income and Expenses
Financials Available Y/N: Yes
Showing Information
Showing Attended YN: Yes
Location Tax and Legal
Street Number: 62
Street Name: Main
Street Suffix: Street
County: Columbia
State: NY
Zip Code: 12534
Town (Taxable): Claverack
Property Features
Listing Courtesy of William Pitt Sotheby's Interna
Listing Agent: Kathryn Johnson