NOT LISTED FOR SALE

370 Union Center Rd Ulster Park, NY 12487

6 Beds
4 Baths
5,007 Sq Ft
1.18 Acres

Last Sold August 14, 2020

Last sale price $269,000 $54 Per Sq Ft

109 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Community Playground
  • Kingston High School Rated A-
  • No HOA
  • Shed

About This Home

As of August 2020

Solid 4-family home located just outside of Port Ewen in the Town of Esopus, about 5 miles from the Downtown Kingston waterfront.  There are two apartments on each floor and a full basement accessible from a bilco door.  The units are spacious with nice kitchens and hardwood floors, bathrooms and overall condition is good to very good.  There is plenty of parking and outside grassy areas for tenants to enjoy.  Oil boiler and super store hot water heater have been replaced in recent years.  Owner pays the heat and hot water and tenants pay electric.  Each apartment has its own thermostat so if you wanted to separate the heat for each apartment its already plumbed individually.  Please see associated doc's for full income and expense sheet, cap rate of 11.32% takes into consideration all sellers normal operating income and expenses, 5% repair and maintenance expense and a 3% vacancy rate.

Last Agent to Sell the Property

Greg Berardi

Win Morrison Realty-K Listed on: 01/07/2020

Last Buyer's Agent

Lorrie Morse

L. Morse & Associates License #10371201724

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1850

Lot Details

  • 1.18 Acre Lot
  • Landscaped
  • Level Lot
  • Garden

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Schools

  • Graves K-4 Elementary School

Utilities

  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Well
  • Septic Tank

Listing and Financial Details

  • The owner pays for insurance, oil, repairs, taxes, trash collection
  • Legal Lot and Block 9 / 6

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Community Playground

Building Details

  • Electric Expense $720
  • Fuel Expense $5,498
  • Insurance Expense $1,590
  • New Taxes Expense $6,081
  • Net Operating Income $32,276

Property Details

Home Type

Multi-Family

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Year Built: 1850
  • Property Sub-Type: Quadruplex
  • Lot Size Acres: 1.18
  • Road Surface Type: Gravel
  • Co List Office Phone: 845-339-9999
  • MLS Status: Closed
  • Location Tax and Legal:Tax Block: 6
  • General Property Information Lot Size Acres: 1.18
  • General Property Information Lot Size Dimensions: 1.18 acres
  • Flooring:Carpet: Yes
  • Flooring:Ceramic Tile: Yes
  • Security Features:Smoke Detector(s): Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 6081.0
  • Income And Expenses Cap Rate: 11.0
  • Gross Scheduled Income: 52560.0
  • Income And Expenses Fuel Expense: 5498.0
  • Other Structures:Shed(s): Yes
  • General Property Information Stories2: 2
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Well: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Road Surface Type Gravel2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Other, Refrigerator, Range
  • Basement: Exterior Entry, Full
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Stories: 2
  • Full Basement: Yes
  • Appliances Range: Yes
  • Community Features:Playground2: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Construction Materials:Frame: Yes
  • Lot Features:Level: Yes
  • Lot Features:Landscaped: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Garden2: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Parking Lot, Off Street, Driveway
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Septic Tank
  • Electric: 200+ Amp Service
  • Heating: Baseboard, Hot Water, Oil
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Baseboard: Yes
  • Heating:Oil: Yes
  • Sewer Septic Tank: Yes
  • Heating:Hot Water2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 1000.0

Lot Info

  • Lot Features: Garden, Landscaped, Level
  • Lot Dimensions: 1.18 acres
  • Lot Size Sq Ft: 51400.8
  • ResoLotSizeUnits: Acres
  • Zoning Description: RES !
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Oil, Repairs, Taxes, Trash Collection, Other
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 720.0
  • Insurance Expense: 1590.0
  • Net Operating Income: 32276.0

Tax Info

  • New Taxes Expense: 6081.0
  • Tax Block: 6
  • Tax Lot: 9

MLS Schools

  • Elementary School: Graves K-4

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2020 08/14/20 Sold $269,000 0.0% $54 / Sq Ft
04/24/2020 04/24/20 Off Market $269,000 -- --
04/24/2020 04/24/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $285,000 +50.0% $57 / Sq Ft
12/29/2015 12/29/15 Sold $190,000 -22.4% $38 / Sq Ft View Prior Sale
11/18/2015 11/18/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $245,000 -- $49 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Berardi

    Seller's Agent in 2020

    Greg Berardi

    Win Morrison Realty-K

    (845) 389-7895

    5 in this area

    183 Total Sales

    Greg Berardi
    Section Image

  • L

    Buyer's Agent in 2020

    Lorrie Morse

    L. Morse & Associates

    (845) 332-2293

    1 in this area

    40 Total Sales

    Lorrie Morse
    Section Image

  • C

    Seller's Agent in 2015

    Carrie Metzger

    Past Member

  • S

    Buyer's Agent in 2015

    Sharon Klein

    Past Member

    Section Image
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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20200067

Hudson Valley Catskills Region Multiple List Service
New York Ulster County Ulster Park 12487

370 Union Center Rd, Ulster Park, NY

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