242 Main St St · Germantown, NY 12526

$995,000

4 bd · 1.5 ba · 2,636 sqft · SingleFamily public records · 235 Days on market

Built 1860 5.50 ac lot $377/sqft · 14% above area Est $875k · 14% over

---

Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.1/30.0
• Appreciation +10.0/10.0
• DSCR +8.2/10.0
• 1% rule +6.1/10.0
• Schools +4.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.3/15.0

Listing remarks MLS

A Germantown Gem on Main Street. Well-preserved historic farmhouse with 5.5 acres in the heart of Germantown's hamlet is looking for its next steward. Once part of a 19th-century farmstead, this rare opportunity combines a c. 1860 Victorian farmhouse and barn with period charm, history, and a prime location. An impressive property first occupied by Edmond Rockefeller, both house and barn retain their rich architectural character and comprise a substantial in-town offering of parklike lawn stretching to wooded acreage. With old growth maples and pines contributing to the country feel, this gracious home has perfectly maintained its original architectural details. The front entrance greets you with uniquely carved double doors and a veranda that wraps around and is flanked by classic pillars and detailed scrollwork. A sprawling first floor offers ample rooms and options for a creative, open flow. The spacious kitchen includes a picturesque dining area that looks back on the rolling lawn. A light-filled dining room highlights classic Victorian elements, with a stunning inlaid floor, an arched bay window with stained glass, and opens to the veranda. The upstairs features a gracious floor plan with four large bedrooms, wide board plank floors, and a layout that allows for privacy and the opportunity to create a sitting room, dressing room, or office. Adjacent to the home sits a detached barn that invites restoration with vision and versatility. There has been the improvement of a roomy office space and bathroom. An additional updated area allows for equipment and seasonal storage. Another well-preserved portion of the original hay barn includes a workshop and upper storage area. Zoned for mixed use, there is the opportunity to utilize this property commercially, allowing you to live and work in a location that combines country and convenience. Well situated just steps from the hamlet, you can enjoy living and working with the ease of walking to town—just steps from Otto's Market, specialty shops, Universal Café at The Central House Hotel, and the post office. Ideally located between Amtrak stations in Rhinecliff and Hudson, this Main Street jewel is a rare offering. Many know this area to be an incredible hub for those who enjoy a rural landscape, farm-to-table food, and close access to many offerings in the Hudson Valley. Germantown is a welcoming community with small-town charm where you can live out your country dream.

Key facts

• Parklike lawn
• Old growth maples
• Wooded acreage

Tags

• 19TH CENTURY FARMSTEAD
• C 1860 VICTORIAN FARMHOUSE
• PARKLIKE LAWN
• WOODED ACREAGE
• OLD GROWTH MAPLES
• UNIQUELY CARVED DOUBLE DOORS

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $995k.

Deal economics

• At list price, monthly cash flow is $2k ($26k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($11k rent vs $995k).
• Recommended offer: $876k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#441 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: cost of living D, amenities F, commute F.
• Germantown Central School District (rural): math 54% / reading 51% proficiency, ranked #387 of 755 in NY (top 51%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 40 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 136 units permitted in Columbia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $106k of equity ($7k loan paydown + $100k appreciation (10.0% local appreciation)).
• Columbia County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $279k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$171k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 235 days — a 12% lower offer ($876k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $469k; list at $995k implies a 112% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1860 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $875,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 235 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1860 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 8.94%
• Cash-on-cash: 9.44%
• DSCR: 1.42
• GRM: 7.5

CMA / ARV

• ARV (median comp): $875,115
• List price: $995,000
• Delta: 13.70%
• Verdict: OVERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
495 Hover Ave	0.14mi	3/2.0 (-1)	2,700 (+2%)	21mo	$1,500,000	$556	65
23 Underhill Lane Ln	0.73mi	4/2.0	2,400 (-9%)	16mo	$420,000	$175	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.2%
• Equity multiple: 3.45×
• Total profit: $681,469
• Equity at exit: $896,375

10-year hold

• IRR: 27.0%
• Equity multiple: 7.81×
• Total profit: $1,896,875
• Equity at exit: $1,933,066

Cash invested: $278,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12526

• Home prices YoY: 8.9%
• Active inventory: 40
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $11,000 medium
• Mortgage (P&I): −$5,218
• Tax from tax record: −$865 /mo · $10,382/yr
• Insurance: −$415
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,310
• Net cashflow: $2,192

Break-even live

Break-even rent $8,225

Max offer price $995,000

Occupancy floor 75%

Sensitivity live

Price	-10% $2,756	-5% $2,474	+0% $2,192	+5% $1,911	+10% $1,629
Rent	-10% $1,323	-5% $1,758	+0% $2,192	+5% $2,627	+10% $3,061
Rate	-1.0pp $2,693	-0.5pp $2,445	base $2,192	+0.5pp $1,935	+1.0pp $1,672

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $248,750
• Closing costs: $29,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
145 E Camp Rd Germantown, NY	3.0	2.0	2624	$11,000	$4.19	21d	1	1.05mi

Listing history 20 events

1. 2026-06-19
   days on market $995,000 Active 235 DOM
2. 2026-06-18
   days on market $995,000 Active 234 DOM
3. 2026-06-17
   days on market $995,000 Active 233 DOM
4. 2026-06-16
   days on market $995,000 Active 232 DOM
5. 2026-06-15
   days on market $995,000 Active 231 DOM
6. 2026-06-14
   days on market $995,000 Active 229 DOM
7. 2026-06-12
   pricedays on market $995,000 Active 228 DOM
8. 2026-06-09
   days on market $1,150,000 Active 225 DOM
9. 2026-06-08
   days on market $1,150,000 Active 224 DOM
10. 2026-06-07
    days on market $1,150,000 Active 223 DOM
11. 2026-06-07
    days on market $1,150,000 Active 222 DOM
12. 2026-06-04
    days on market $1,150,000 Active 219 DOM
13. 2026-06-02
    days on market $1,150,000 Active 218 DOM
14. 2026-06-01
    days on market $1,150,000 Active 217 DOM
15. 2026-05-31
    days on market $1,150,000 Active 216 DOM
16. 2026-05-31
    days on market $1,150,000 Active 215 DOM
17. 2026-04-20
    price $1,150,000 2473-char remark

    Show marketing remark (2473 chars)

    A Germantown Gem on Main Street. Well-preserved historic farmhouse with 5.5 acres in the heart of Germantown's hamlet is looking for its next steward. Once part of a 19th-century farmstead, this rare opportunity combines a c. 1860 Victorian farmhouse and barn with period charm, history, and a prime location. An impressive property first occupied by Edmond Rockefeller, both house and barn retain their rich architectural character and comprise a substantial in-town offering of parklike lawn stretching to wooded acreage. With old growth maples and pines contributing to the country feel, this gracious home has perfectly maintained its original architectural details. The front entrance greets you with uniquely carved double doors and a veranda that wraps around and is flanked by classic pillars and detailed scrollwork. A sprawling first floor offers ample rooms and options for a creative, open flow. The spacious kitchen includes a picturesque dining area that looks back on the rolling lawn. A light-filled dining room highlights classic Victorian elements, with a stunning inlaid floor, an arched bay window with stained glass, and opens to the veranda. The upstairs features a gracious floor plan with four large bedrooms, wide board plank floors, and a layout that allows for privacy and the opportunity to create a sitting room, dressing room, or office. Adjacent to the home sits a detached barn that invites restoration with vision and versatility. There has been the improvement of a roomy office space and bathroom. An additional updated area allows for equipment and seasonal storage. Another well-preserved portion of the original hay barn includes a workshop and upper storage area. Zoned for mixed use, there is the opportunity to utilize this property commercially, allowing you to live and work in a location that combines country and convenience. Well situated just steps from the hamlet, you can enjoy living and working with the ease of walking to town—just steps from Otto's Market, specialty shops, Universal Café at The Central House Hotel, and the post office. Ideally located between Amtrak stations in Rhinecliff and Hudson, this Main Street jewel is a rare offering. Many know this area to be an incredible hub for those who enjoy a rural landscape, farm-to-table food, and close access to many offerings in the Hudson Valley. Germantown is a welcoming community with small-town charm where you can live out your country dream.

18. 2025-10-27
    listed $1,300,000 Active 2473-char remark

    Show marketing remark (2473 chars)

    A Germantown Gem on Main Street. Well-preserved historic farmhouse with 5.5 acres in the heart of Germantown's hamlet is looking for its next steward. Once part of a 19th-century farmstead, this rare opportunity combines a c. 1860 Victorian farmhouse and barn with period charm, history, and a prime location. An impressive property first occupied by Edmond Rockefeller, both house and barn retain their rich architectural character and comprise a substantial in-town offering of parklike lawn stretching to wooded acreage. With old growth maples and pines contributing to the country feel, this gracious home has perfectly maintained its original architectural details. The front entrance greets you with uniquely carved double doors and a veranda that wraps around and is flanked by classic pillars and detailed scrollwork. A sprawling first floor offers ample rooms and options for a creative, open flow. The spacious kitchen includes a picturesque dining area that looks back on the rolling lawn. A light-filled dining room highlights classic Victorian elements, with a stunning inlaid floor, an arched bay window with stained glass, and opens to the veranda. The upstairs features a gracious floor plan with four large bedrooms, wide board plank floors, and a layout that allows for privacy and the opportunity to create a sitting room, dressing room, or office. Adjacent to the home sits a detached barn that invites restoration with vision and versatility. There has been the improvement of a roomy office space and bathroom. An additional updated area allows for equipment and seasonal storage. Another well-preserved portion of the original hay barn includes a workshop and upper storage area. Zoned for mixed use, there is the opportunity to utilize this property commercially, allowing you to live and work in a location that combines country and convenience. Well situated just steps from the hamlet, you can enjoy living and working with the ease of walking to town—just steps from Otto's Market, specialty shops, Universal Café at The Central House Hotel, and the post office. Ideally located between Amtrak stations in Rhinecliff and Hudson, this Main Street jewel is a rare offering. Many know this area to be an incredible hub for those who enjoy a rural landscape, farm-to-table food, and close access to many offerings in the Hudson Valley. Germantown is a welcoming community with small-town charm where you can live out your country dream.

19. 2006-07-06
    soldstatus $469,000
20. 2002-08-21
    soldstatus $350,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $10,382 · $865/mo
• Projected year-2 tax: $13,599 · $1,133/mo
• Expected delta: +$3,217/yr (+$268/mo · 31.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $132,000
• − Mortgage interest: −$55,735
• − Property taxes: −$10,382
• − Insurance: −$4,975
• − Repairs & maintenance: −$10,560
• − Management: −$10,560
• − Depreciation: −$28,945
• Taxable income: $10,842
• Est. tax owed @ 24.0%: −$2,602
• After-tax cash flow: $23,706/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Germantown Central School District
• NCES district ID: 3612030
• Math proficiency: 54% ▲ 1.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $60,242
• Composite: 47.76/100
• National rank: #4894
• State rank: #387 of 755 in NY

Livability — Germantown

• Score: 70/100
• State rank: #441
• US rank: #7728

Category grades

Amenities F Commute F Cost of living D Crime A+ Employment A Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Germantown, NY
• Population (ZIP): 3,427

Population outlook (Columbia County) Hauer SSP2

• Today (2025): 58,662 people
• By 2030: 56,557 · -3.6%
• By 2040: 51,324 · -12.5%
• By 2050: 45,790 · -21.9%
• By 2075: 35,232 · -39.9%
• By 2100: 25,846 · -55.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Hispanic / Latino 6% Black 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 4% Iranian 3%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 93% English-only · Spanish 4% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · Columbia

• 2024 margin: D (+14.7) · D 57.4% · R 42.6%
• 2008→2024 swing: +1.3pp toward D · 2008: 13.4pp · 2024: 14.7pp
• All cycles: 2024: D+14.7 2020: D+16.7 2016: D+1.4 2012: D+11.7 2008: D+13.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 41.93%
• Current HPI: 511.9627
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+228.6% since first listed

4 events — show timeline

• 2026-04-20 Price Changed $1,150,000 HVCRMLS
• 2025-10-27 Listed $1,300,000 HVCRMLS
• 2006-07-06 Sold (Public Records) $469,000 Public Records
• 2002-08-21 Sold (Public Records) $350,000 Public Records

Property tax history

+0.4%/yr

Latest (2025): $10,382 · +2.4% YoY. Source: county tax records.