19-23 Greenway Lane,

Fallsburg, NY

$1,999,999

11,085 Sqft

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. Purchase 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. This is truly a "mailbox money" opportunity.

Facts & Features

MLS® # 932973

Price $1,999,999

Bathrooms 0.00

Square Footage 11,085

Acres 0.00

Type Commercial Sale

Sub-Type Other

Status Active

MLS hgmls

Community Information

Address 19-23 Greenway Lane

City Fallsburg

County Sullivan

State NY

Zip Code 12759

Amenities

Utilities Cable Connected, Electricity Connected, Propane, Sewer Connected, Trash Collection Public, Water Connected

Is Waterfront No

Has Pool No

Interior

Appliances Gas Cooktop, Microwave, Oven, Tankless Water Heater

Heating Baseboard

Cooling Wall/Window Unit(s)

Has Basement Yes

Basement Finished

Fireplace No

# of Stories 3

Exterior

Construction Other

Additional Information

Date Listed November 9th, 2025

Days on Market 64

Short Sale No

RE / Bank Owned No

Listing Details

Listing Courtesy of Keller Williams Realty

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Listing information last updated on January 17th, 2026 at 2:35am EST.

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19-23 Greenway Lane,

$1,999,999

Purchase & Financing Information