Andrea Mahoney - Smitchger Realty Logo
$5,600,000
( $203.98Per Sq Foot )
 $30,062 est/mo Sourced by Back At You

57-58 Highland Avenue,Cornwall, NY 12518

Cornwall, NY 12518

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Description

Here's an opportunity to own a substantial 8-building residential portfolio with a total of 33 units, offering scale, established income, and meaningful upside potential. Many of the units have been updated within the past 10 years, creating a solid foundation for an investor looking to acquire a property with improvements already in place. With multiple buildings and a diverse mix of units, this property offers the advantages of scale while providing multiple income streams under one ownership. Perhaps the most exciting aspect is the income upside. Current rents provide an established revenue base, while the opportunity to increase rents and continue maximizing the property's potential could create additional value over time. For an investor looking beyond today's numbers and focused on future growth, this is a property worth exploring. With 33 residential units across 8 buildings, with water/sewer and tenant paid utilities, this portfolio presents an opportunity to expand an existing investment portfolio or make a significant move into multifamily ownership. Strong fundamentals, improvements already made, multiple income streams, and room to increase revenue, this is an investment opportunity with both stability and potential. Come take a closer look and discover what this portfolio could mean for your next investment.

Details

MLS #1040067
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusPending
Year1960
Days On Site81
Listing Provided ByCentury 21 Alliance Rlty Group | Anthony DeGelormo

Features

SQ Feet27,453
BasementY
Units8
Building(s)8

Interior

CoolingMulti Units
HeatingNatural Gas

Exterior

Construction MaterialsShake Siding

Parking

Parking FeaturesGarage, Off Street, On Street

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Annual Amount113456

Area Information

StateNY
CountyOrange County
CityCornwall
Zip Code12518
School DistrictCornwall Central High School
Elementary SchoolWillow Avenue Elementary School
High SchoolCornwall Central High School
Listing VS Median (in 12518)
Price:
$5,600,000
low | high
Med:
$351,500
100% of Average
sqft:
27,453
low | high
Med:
1,315
100% of Average
$ / sqft:
$204
low | high
Med:
$269
18.275502935332% of Average
On site:
81
low | high
Med:
128
63.28125% of Average
Sourced by Back At You

Market Activity 12518

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Contact

Learn More About This Property

Andrea Mahoney

Andrea Mahoney

Smitchger Realty

 (845) 554-4792andreamahoney920@gmail.com
StateNY
CountyOrange County
CityCornwall
Zip Code12518
School DistrictCornwall Central High School
Elementary SchoolWillow Avenue Elementary School
High SchoolCornwall Central High School
Listing VS Median (in 12518)
Price:
$5,600,000
low | high
Med:
$351,500
100% of Average
sqft:
27,453
low | high
Med:
1,315
100% of Average
$ / sqft:
$204
low | high
Med:
$269
18.275502935332% of Average
On site:
81
low | high
Med:
128
63.28125% of Average
Sourced by Back At You
Listing Updated: September 30, 2026 at 11:34:38 AM PDT

Andrea Mahoney - Smitchger Realty