BEDS0
BATHS
MLS#932973
STATUSActive
PROPERTY TYPECommercial -
Property Description
This 3 unit building is a rare gem of an asset, well built and tremendous cash flow capabilities. These 3 townhouse style units are superbly well built on ground leased land within the boundaries of SUNY Sullivan. Initially built as supplemental housing, it is now the ONLY on campus housing option. All other housing options on campus have been decommissioned. In addition to all of the physical benefits of this LEED certified building the biggest advantage is that it is operated by the College. Owner is only responsible for Capital Projects, of which there are not many. Lease up, management and collections are all handled by the college. Owner collects revenue from the College and pays Utility Bills and Insurance.Purchase is of the building only, the building is on a Ground Lease. Lease has 15 years remaining plus a 10 year option, with a cash buyout. Additionally lease creates exclusive option to develop additional housing within the campus.This is truly a mailbox money opportunity.
Property Features
Property Type: Commercial -
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Stories: 3.0
Taxes: $0
Feature Descriptions
Appliances: Gas Cooktop, Microwave, Oven, Tankless Water Heater
Building Area Total: 11085
Business Type: Other
Cap Rate: 9
Days on Site: 231
Electric: 200+ Amp Service
Exterior: Other
Heating Zones: 9
On Market Date: 2025-11-13
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Propane, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty
Agency Contact: 845-928-8000
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/03/2026. The listing information on this page last changed on 07/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/03/2026 12:00:16 AM EST) or NJMLS/ IDX (last updated Thu 07/02/2026 11:23:56 PM EST) or OneKey MLS (last updated Thu 07/02/2026 11:53:36 PM EST) or REBNY MLS (last updated Thu 07/02/2026 9:21:55 PM EST). Real estate listings held by brokerage firms other than Joyce Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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19-23 Greenway Lane | MLS# 932973
This commercial property located at 19-23 Greenway Lane, Fallsburg, NY 12759 is currently listed for sale with an asking price of $1,999,999. Search Fallsburg real estate on www.joycerealty.com today.