158 Greendale Rd · Catskill, NY 12534

$1,700,000

8 bd · 5.0 ba · 4,147 sqft · MultiFamily public records · 386 Days on market

Built 1900 2.53 ac lot $410/sqft · 82% above area

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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 +17.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Rent growth +5.0/5.0
• 1% rule +3.9/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Greendale is more than a home—it is a legacy property, offering a rare opportunity to possess a piece of Hudson River history, distinguished by its panoramic vistas and enduring character. An embodiment of timeless refinement, Greendale is a distinguished historic residence set along the storied banks of the Hudson River. This exceptional estate offers commanding views of the water from an expansive, verandah - an ideal vantage point for serene mornings and resplendent sunsets. The main residence features six elegant bedrooms and four bathrooms. At its heart lies a luminous, double-height living room—an exquisite space equally suited to intimate repose or sophisticated entertaining. Beyond the home, a gracefully landscaped setting unveils a handsome stone pool, framed by mature gardens that provide a tranquil, secluded retreat. Two supplementary dwellings present opportunities for guest accommodations or an income-generating residence, adding both versatility and value.

Key facts

• 2.53 acre lot
• 4 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 8-bed/5.0-bath multifamily listed at $1.70M.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.52M (10.5% below list).
• Recommended offer: $1.50M (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 2.9% in Catskill — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#483 in NY) — a middle-class / working-renter tenant base. Strengths: health & safety A+, crime B+; Watch: schools C-, amenities F, commute F.
• Hudson City School District (town): math 38% / reading 47% proficiency, ranked #494 of 590 in NY (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+10.9%/yr); 161 active listings in the ZIP; 136 units permitted in Columbia County in 2024 (0 in 5+ unit buildings).
• At $15,209/mo this rent would consume 251% of the median local household income ($73k/yr) (locally 1083% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $182k of equity ($12k loan paydown + $170k 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 + 8.0% rent growth), your $476k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$292k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 386 days — a 12% lower offer ($1.50M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $1.80M (51%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1,496,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 386 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 1900 — 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. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 7.30%
• Cash-on-cash: 3.61%
• DSCR: 1.16
• GRM: 9.3

CMA / ARV

• ARV (median comp): $937,863
• List price: $1,700,000
• Delta: 81.26%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 28.6%
• Equity multiple: 3.30×
• Total profit: $1,096,963
• Equity at exit: $1,531,495

10-year hold

• IRR: 26.3%
• Equity multiple: 8.05×
• Total profit: $3,356,801
• Equity at exit: $3,302,726

Cash invested: $476,000 (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 12534

• Home prices YoY: 5.6%
• Rents YoY: 10.9%
• Active inventory: 161
• Price-to-rent: 55.9×

Monthly cashflow live

• Estimated rent: $15,209 medium
• Mortgage (P&I): −$8,915
• Tax from tax record: −$960 /mo · $11,517/yr
• Insurance: −$708
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,194
• Net cashflow: $1,432

Break-even live

Break-even rent $13,396

Max offer price $1,700,000

Occupancy floor 86%

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	3	1	$15,210
Total (6 units)			$15,209

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: $425,000
• Closing costs: $51,000
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-13
   status Pending 999-char remark

   Show marketing remark (999 chars)

   Greendale is more than a home—it is a legacy property, offering a rare opportunity to possess a piece of Hudson River history, distinguished by its panoramic vistas and enduring character. An embodiment of timeless refinement, Greendale is a distinguished historic residence set along the storied banks of the Hudson River. This exceptional estate offers commanding views of the water from an expansive, verandah - an ideal vantage point for serene mornings and resplendent sunsets. The main residence features six elegant bedrooms and four bathrooms. At its heart lies a luminous, double-height living room—an exquisite space equally suited to intimate repose or sophisticated entertaining. Beyond the home, a gracefully landscaped setting unveils a handsome stone pool, framed by mature gardens that provide a tranquil, secluded retreat. Two supplementary dwellings present opportunities for guest accommodations or an income-generating residence, adding both versatility and value.

2. 2026-04-07
   price $1,700,000 999-char remark

   Show marketing remark (999 chars)

   Greendale is more than a home—it is a legacy property, offering a rare opportunity to possess a piece of Hudson River history, distinguished by its panoramic vistas and enduring character. An embodiment of timeless refinement, Greendale is a distinguished historic residence set along the storied banks of the Hudson River. This exceptional estate offers commanding views of the water from an expansive, verandah - an ideal vantage point for serene mornings and resplendent sunsets. The main residence features six elegant bedrooms and four bathrooms. At its heart lies a luminous, double-height living room—an exquisite space equally suited to intimate repose or sophisticated entertaining. Beyond the home, a gracefully landscaped setting unveils a handsome stone pool, framed by mature gardens that provide a tranquil, secluded retreat. Two supplementary dwellings present opportunities for guest accommodations or an income-generating residence, adding both versatility and value.

3. 2025-08-19
   price $2,250,000 999-char remark

   Show marketing remark (999 chars)

   Greendale is more than a home—it is a legacy property, offering a rare opportunity to possess a piece of Hudson River history, distinguished by its panoramic vistas and enduring character. An embodiment of timeless refinement, Greendale is a distinguished historic residence set along the storied banks of the Hudson River. This exceptional estate offers commanding views of the water from an expansive, verandah - an ideal vantage point for serene mornings and resplendent sunsets. The main residence features six elegant bedrooms and four bathrooms. At its heart lies a luminous, double-height living room—an exquisite space equally suited to intimate repose or sophisticated entertaining. Beyond the home, a gracefully landscaped setting unveils a handsome stone pool, framed by mature gardens that provide a tranquil, secluded retreat. Two supplementary dwellings present opportunities for guest accommodations or an income-generating residence, adding both versatility and value.

4. 2025-04-23
   listed $3,500,000 Active 999-char remark

   Show marketing remark (999 chars)

   Greendale is more than a home—it is a legacy property, offering a rare opportunity to possess a piece of Hudson River history, distinguished by its panoramic vistas and enduring character. An embodiment of timeless refinement, Greendale is a distinguished historic residence set along the storied banks of the Hudson River. This exceptional estate offers commanding views of the water from an expansive, verandah - an ideal vantage point for serene mornings and resplendent sunsets. The main residence features six elegant bedrooms and four bathrooms. At its heart lies a luminous, double-height living room—an exquisite space equally suited to intimate repose or sophisticated entertaining. Beyond the home, a gracefully landscaped setting unveils a handsome stone pool, framed by mature gardens that provide a tranquil, secluded retreat. Two supplementary dwellings present opportunities for guest accommodations or an income-generating residence, adding both versatility and value.

5. 2025-04-22
   historical $3,500,000 999-char remark

   Show marketing remark (999 chars)

   Greendale is more than a home—it is a legacy property, offering a rare opportunity to possess a piece of Hudson River history, distinguished by its panoramic vistas and enduring character. An embodiment of timeless refinement, Greendale is a distinguished historic residence set along the storied banks of the Hudson River. This exceptional estate offers commanding views of the water from an expansive, verandah - an ideal vantage point for serene mornings and resplendent sunsets. The main residence features six elegant bedrooms and four bathrooms. At its heart lies a luminous, double-height living room—an exquisite space equally suited to intimate repose or sophisticated entertaining. Beyond the home, a gracefully landscaped setting unveils a handsome stone pool, framed by mature gardens that provide a tranquil, secluded retreat. Two supplementary dwellings present opportunities for guest accommodations or an income-generating residence, adding both versatility and value.

6. 2024-08-01
   listed $3,500,000 Active
7. 2024-07-27
   historical
8. 2024-04-21
   historical $1,500
9. 2024-04-17
   listed $1,500

ⓘ 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: $11,517 · $960/mo
• Projected year-2 tax: $20,123 · $1,677/mo
• Expected delta: +$8,607/yr (+$717/mo · 74.7%)

ⓘ 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 ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $182,508
• − Mortgage interest: −$95,226
• − Property taxes: −$11,517
• − Insurance: −$8,500
• − Repairs & maintenance: −$14,601
• − Management: −$14,601
• − Depreciation: −$49,455
• Taxable loss: −$11,391
• Est. tax savings @ 24.0%: +$2,734
• After-tax cash flow: $19,919/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: Hudson City School District
• NCES district ID: 3614940
• Math proficiency: 38% ▲ 4.00%
• Reading proficiency: 47% ▲ 7.00%
• Median HH income: $44,663
• Composite: 36.03/100
• National rank: #4779
• State rank: #494 of 590 in NY

Livability — Catskill

• Score: 69/100
• State rank: #483
• US rank: #8498

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Columbia County · 17,176 people
• City population: 10,169
• Metro: Hudson, NY
• Population (ZIP): 17,176
• Household income: $72,741
• Rent vs Own: 36.4% rent · 63.6% own
• Severe rent burden: 1083.0

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 (74%)
• Race & ethnicity: White 74% Two or more races 7% Black 7% Hispanic / Latino 7% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 4% Romanian 4% Iranian 3%
• Foreign-born: 10% · Canada, China
• Languages at home: 88% English-only · Spanish 5% Other Indo-European 3% Chinese 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: ▲ 25.98%
• Current HPI: 490.0412
• Rent YoY: ▲ 10.88%
• Metro: Hudson, NY
• 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

+113233.3% since first listed

9 events — show timeline

• 2026-05-13 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $1,700,000 OneKey® MLS as Distributed by MLS Grid
• 2025-08-19 Price Changed $2,250,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-23 Listed $3,500,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-22 Coming Soon $3,500,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-01 Listed $3,500,000 OneKey® MLS as Distributed by MLS Grid
• 2024-07-27 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2024-04-21 Rental Removed $1,500 CGNDMLS
• 2024-04-17 Listed for Rent $1,500 CGNDMLS

Property tax history

+2.1%/yr

Latest (2025): $11,517 · +25.4% YoY. Source: county tax records.