127 Pine Street

Great investment opportunity! 124K/gross revenue, 8% cap rate! Newly built (2024) quadruplex featuring 4 luxury townhouse-style units, each offering 2 bedrooms and 1.5 baths with premium finishes and superior craftsmanship throughout. Ideally located in the Catskills and just 75 miles from NYC, this property offers the perfect blend of modern living and strong investment potential. Each unit showcases an open-concept floor plan with a high-end kitchen featuring quartz countertops, stainless steel appliances, vented range hoods, and ample custom 42" soft-close cabinetry. A stylish half bath on the first floor and three closets adds everyday convenience. The second level offers two spacious bedrooms with large closets that adjoin to a luxurious full bathroom with high-end fixtures and a beautifully tiled shower/tub, and a washer/dryer closet. A striking oak staircase adds warmth and architectural character. Additional highlights include 10-foot ceilings, hardwood floors throughout, large windows that flood the space with natural light, recessed lighting and high-efficiency two-zone central heating and cooling. Built with comfort and privacy in mind, the property features double sound-barrier walls between units, ensuring quiet, townhome-style living. Each unit includes a private entry deck and two dedicated parking spaces. Only one block from the quaint village with shops and restaurants and conveniently located with quick access to Route 209 and Route 17, near Garnet Health Medical Center- Middletown and other major medical facilities, this prime location supports strong rental demand. Enjoy all the benefits of Catskill living including the Catskills Casino. hiking, bilking, Yankee Lake while remaining easily accessible to New York City. Separate meters. An exceptional opportunity to live in one unit and generate rental income from the others—ideal for investors or owner-occupants seeking quality construction and long-term value.