57-58 Highland Avenue Cornwall, NY $ 5,600,000
57-58 Highland Avenue
$ 5,600,000
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57-58 Highland Avenue

Cornwall, NY, 12518
$ 5,600,000
Bedrooms-- Baths-- Sq 27,453

Monthly Estimate*

$ 35,359

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Commercial Property for sale in Cornwall, NY

for $5,600,000. This 27,453 square foot building was built in 1960.

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.

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Commercial Pending

Price

$ 5,600,000

Property Type

Commercial

Taxes

$ 113,456

Style

Multi Family

Year Built

1960

Town/City

Cornwall

County/Region

Orange

MLS | Web ID

1040067

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Multi Units
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Construction Materials Shake Siding
Year Built 1960
Property Subtype Multi Family
Tax Year 2025
County Orange County
Property Type Commercial Sale
High School Cornwall Central High School
City Cornwall
High School District Cornwall
Number Of Units Total 8
Elementary School Willow Avenue Elementary School
Property Attached Y/N N
Tax Annual Amount 113456
Middle/Junior High School Cornwall Middle School
Building Area Units Square Feet
Standard Status Pending
Middle/Junior School District Cornwall
Elementary School District Cornwall
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Interior
Basement Unfinished
Basement Features Unfinished
Basement (Y/N) Y
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Exterior
Parking Features Garage Off Street On Street Garage Off Street On Street
Water Source Public
Building Area Total 27453
Waterfront Y/N N
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Internal Only
Street Number 1 57
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* Excluded Features
List By
Anthony DeGelormo

Listing Agent

Century 21 Alliance Rlty Group

Broker

845-297-4700

Contact

Affordability Calculator

$44,814
Per Month
79%
21%
0%
Monthly Principal & Interest
$35,359
Monthly Property Taxes
$9,455
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4100496 Elementary School
4099146 Middle School
Cornwall Central High School High School
Pricing History
DatePricePrice ChangeDescription
8/21/2026$5,600,000 Listed Price

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57-58 Highland Avenue, Cornwall, NY, 12518 is a Commercial Property for sale at $5,600,000 with 27,453 sqft. 57-58 Highland Avenue was built in 1960. The property's zip code is 12518 which is in Cornwall, NY