19-23 Greenway Lane | Fallsburg

$1,999,999

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.\n\nPurchase 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.\nThis is truly a \"mailbox money\" opportunity. OneKeyMLS 932973

MLS Listing ID: 
OneKeyMLS 932973
Community Information
School District: 
Other
Building Details
Details about the building on a property.
Stories: 
3
Basement: 
Finished
Construction
Construction Materials: 
Other
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard
Cooling System: 
Wall/Window Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Waterfront: 
0
Public Record
Annual Tax: 
$0.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
11/13/2025
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Peter Berman
Listing Office Name: 
Keller Williams Realty