NOT LISTED FOR SALE

280 Delaware Ave Kingston, NY 12401

Estimated Value: $677,000

Studio
-- Bath
2,476 Sq Ft
$273/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $370,000 $149 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $4,165/month

62 Days on Market

About This Home

As of October 2021

Exciting Investment TURN KEY Opportunity NOW Available in the quaint hamlet of Glasco. (4) 1 Bedroom units are nicely sized and in good condition. Low mainenance with an abundance of parking. Fully occupied for immediate cash flow. Units are rented below market value making an opportunity for potential of higher return on investment. Tenants properly maintain their space, pay for their own electric and garbage removal. Nice out door space, come take a look! Cap Rate at asking price (including all expenses and vacancy/repair/maintenance expense) is just at about 8%, At Market Rate Rents an increase to 10% Cap Rate projected A/O

Last Agent to Sell the Property

Yameil Nunez

Serhant LLC License #10301221991 Listed on: 07/16/2021

Serhant LLC

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,576

Year Built

  • Built in 1986

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls

Parking

  • Parking Lot

Home Design

  • 2,476 Sq Ft Home

Schools

  • Saugerties Junior High School
  • Saugerties Senior High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Oil Water Heater

Listing and Financial Details

  • Assessor Parcel Number 514889.029.046-0003-024.000/0000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,576

Year Built

Built in 1986

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1986
  • Attribution Contact: 845-201-1111
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Living Area: 2476.00
  • Square Footage: 2476.00

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Parking Lot

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard, Hot Water
  • Hot Water: Fuel Oil Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Saugerties Junior High School

Lot Info

  • Lot Size Acres: 0.1900
  • Lot Size Sq Ft: 8276.00
  • Lot Size Units: Acres
  • Parcel Number: 514889.029.046-0003-024.000/0000
  • Property Attached: No

Tax Info

  • Close Date: 2021-10-25
  • Tax Annual Amount: 6576.00
  • Tax Map Number: 514889.029.046-0003-024.000/0000

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 5
  • Separate Gas Meters: 1

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Saugerties Senior High School
  • Middle School District: Saugerties

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2023
Sold by
Quarry Waters Llc
Bought by
Palisades Interstate Pk C
Current Estimated Value
$677,000

Purchase Details

Listed on
Jul 16, 2021
Closed on
Oct 22, 2021
Sold by
Quarry Waters Llc
Bought by
Palisades Interstate Pk
Seller's Agent
Yameil Nunez
Serhant LLC
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$399,000
Sold Price
$370,000
Premium/Discount to List
-$29,000
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palisades Interstate Pk C -- None Available
Palisades Interstate Pk $13,525,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $370,000 -5.1% $149 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
07/18/2021 07/18/21 Price Changed $389,900 -2.3% $157 / Sq Ft
07/16/2021 07/16/21 For Sale $399,000 -- $161 / Sq Ft
Source: OneKey® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $318,000 $318,000 $0
2023 -- $318,000 $318,000 $0
2022 -- $318,000 $318,000 $0
2021 $6,034 $318,000 $318,000 $0
2020 $6,034 $318,000 $318,000 $0
2019 $9,576 $318,000 $318,000 $0
2018 $15,924 $305,300 $305,300 $0
2017 $16,679 $305,300 $305,300 $0
2016 $16,885 $305,300 $305,300 $0
2015 -- $305,300 $305,300 $0
2014 -- $305,300 $305,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6131232

OneKey® MLS

APN: 0800-048.084-0001-003.000-0000

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