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  • $689,000

    5355 New York 23, Windham, NY 12496

    5beds
    --baths
    2,500sqft
    Loading
    Multi Family
    Built in 1965
    -- sqft lot
    $-- Zestimate®
    $276/sqft
    $-- HOA

    What's special

    CALLING INVESTORS - PRIME WINDHAM VILLAGE OPPORTUNITY Rare opportunity in the heart of Windham Village with exceptional commercial and residential development potential. Positioned in one of the Catskills' most desirable four-season destinations, this property offers investors the chance to capitalize on the continued growth and popularity of Windham. Windham is truly ''the place to be,'' attracting visitors year-round with its breweries, restaurants, movie theater, live entertainment venues, walking paths, golf, and outdoor recreation -- all just minutes to skiing at Windham Mountain Club. This property presents tremendous upside potential for: • Mixed-use commercial/residential development • Retail with upscale apartments above • Boutique hospitality or vacation rental concepts • Restaurant, brewery, or entertainment venue • Expanded multi-unit residential use A major value-added component already exists through participation in the NYC Watershed/CWC flood mitigation program. The current ownership has completed the first three phases of approvals and applications, positioning the project for construction application status. Approximately 3/4 of associated cost is covered for: • Elevating the building due to flood zone • Constructing a new foundation • Relocating utilities to the first floor To preserve continuity within the approved program, ownership is structured through 5355 Main Street, LLC, allowing a purchaser to step directly into the existing approval process and benefits already secured. Additionally, prior approvals from the Town of Windham included: • A rear addition • Expanded first-floor commercial space • Relocation of apartments to upper levels Ownership was also advised that a future third floor of apartments would likely receive approval, creating even greater residential income potential. With strong tourism, growing demand, and limited village inventory, this is a strategic opportunity for investors and developers seeking a high-visibility property with approvals, infrastructure planning, and substantial upside already in motion
    37 days
    |
    127
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Shaw Country Realty, Inc. 518-734-3500,

    Carol Shaw 518-322-8831

    Source: HVCRMLS,MLS#: 20262874MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      Interior area
      • Total structure area: 2,500
      • Total interior livable area: 2,500 sqft
      • Finished area above ground: 2,500
      • Finished area below ground: 0

      Property

      Lot
      • Size: 10,454 Square Feet
      Details
      • Parcel number: 78.19122
      • Zoning: 01

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • New construction: No
      • Year built: 1965

      Community & HOA

      Location
      • Region: Windham

      Financial & listing details

      • Price per square foot: $276/sqft
      • Tax assessed value: $169,500
      • Annual tax amount: $3,836
      • Date on market: 6/1/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,009/mo

        Price history

        DateEventPrice
        6/1/2026Listed for sale$689,000$276/sqft
        Source: HVCRMLS #20262874 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 12496

        Getting around

        37 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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