NOT LISTED FOR SALE
-- Bed
-- Bath
7,331 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: February 13, 2020

Last sale price $660,000 $90 Per Sq Ft

114 Days on Market

Highlights

  • Mountain View
  • Patio
  • 2-minute walk to Saugerties Village Beach & Playground
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of February 2020

PRIDE OF OWNERSHIP. Exceptionally maintained mixed use brick building on Main Street in historic Saugerties village. Solid tenants all paying their own utilities. Individual central air systems make all of these units very desirable. Many apartments have very high ceilings, with ample kitchen/living/dining space. 6 very well kept units broken down into (4) 2-bedroom units, (1) spacious 1-bedroom unit, and the large storefront commercial space. Main level 2 -bedroom unit is like a small house in itself. Open floor plan with large kitchen with center island cooktop, stainless appliances blended with equally large living room. Full bath and two large bedrooms with bonus back courtyard like space with small garden and two seating/hang out areas. This very versatile street level unit backs up to the storefront with hallway access. This setup is ideal for anyone who has a business and wants to live onsite in an apartment that can feel like home. Or with village approval convert the residential unit into a commercial kitchen and have the cafe/restaurant you've always wanted. This can be owner operated or leased out. The demand will be there and the back loading dock and parking lot with access to Jane Street makes daily deliveries possible. 2nd floor consists of large 1-bedroom unit with spacious living room and nice bedroom. Solid surface pre-finished wood floors throughout and a tidy kitchen. Other 2-bedroom on 2nd level is equally large with high ceilings and excellent natural light. 3rd level has the remaining (2) 2-bedroom units, one with freshly painted interior, updated bathroom, clean kitchen, newer carpets, and Catskill Mountain views to boot. Each unit has it's own special features and all the rents are below market with room to grow. Gigantic full basement also has possibilities. Rear parking lot for tenants, separate utilities, new roof in 2015, updated heating and cooling, newer replacement windows, many new water heaters, lots of storage, loading dock, and village walkability all add to the value found here. These apartments are unique and spacious and the large/deep commercial space lends itself to a myriad of potential uses. Full financials available upon request. Grab your slice of Saugerties now and start 2020 with excellent positive cash flow.

Last Agent to Sell the Property

Dylan Taft

Taft Street Realty, Inc. License #10311200781 Listed on: 08/25/2019

Last Buyer's Agent

Alan Kessler

Andreassen Properties LLC License #10301215941

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,663

Home Design

  • Brick Exterior Construction
  • Stone

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Mountain Views
  • Basement Fills Entire Space Under The House
  • Patio
  • 5,663 Sq Ft Lot

Listing and Financial Details

  • The owner pays for insurance, repairs, sewer, taxes, trash collection, water
  • Legal Lot and Block 3 / 2

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $4,132
  • Supplies Expense $1,500
  • New Taxes Expense $14,117
  • Operating Expense $31,509
  • Net Operating Income $41,091

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Year Built: 1900
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.13
  • View Type:Pond View: Mountain(s), Other
  • Supplies Expense: 1500.0
  • Co List Office Phone: 845-687-9292
  • MLS Status: Closed
  • TotalAnnualOperatingExpenses: 31509.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other
  • Interior Amenities: High Speed Internet, Other, Vaulted Ceiling(s)
  • Basement: Full, Interior Entry, Other, Unfinished

Exterior Features

  • Construction Type: Brick, Stone
  • Other Structures: Other, See Remarks
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Other, Paved, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Trash Expense: 4380.0

Lot Info

  • Lot Features: Other, See Remarks
  • Lot Dimensions: .13
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres
  • Zoning Description: COM

Rental Info

  • Owner Pays: Insurance, Other, Repairs, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: All Utilities, Electricity, Gas

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 600.0
  • Insurance Expense: 4132.0
  • Net Operating Income: 41091.0

Tax Info

  • New Taxes Expense: 14117.0
  • Tax Block: 2
  • Tax Lot: 3

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2020 02/13/20 Sold $660,000 -5.6% $90 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
11/05/2019 11/05/19 Price Changed $699,000 -6.8% $95 / Sq Ft
08/24/2019 08/24/19 For Sale $750,000 +66.7% $102 / Sq Ft
06/28/2017 06/28/17 Sold $450,000 0.0% $61 / Sq Ft View Prior Sale
04/09/2017 04/09/17 Rented $850 0.0% --
04/07/2017 04/07/17 Under Contract -- -- --
02/10/2017 02/10/17 For Rent $850 0.0% --
01/05/2017 01/05/17 Pending -- -- --
04/01/2016 04/01/16 For Sale $509,000 -- $69 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20193666

Hudson Valley Catskills Region Multiple List Service
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