$93,500
SOLD OCT 5, 2018

54 W Bridge St Catskill, NY 12414

-- Bed
-- Bath
2,184 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$43 Per Sq Ft

25% Below List Price

158 Days on Market

Highlights

  • Deck
  • 3 Car Garage
  • Heating System Uses Steam
  • No HOA

About This Home

As of June 2023

Commercially zoned two-family property. There are 2 - 3 Bedroom units each with bonus room, generating a healthy cap rate, situated in the village of Catskill right next door to Bridge Street Theater and in an area right across the bridge that is quickly gentrifying. Rents have been the same for quite some time so it is possible to generate an even better income with new improvements. Some improvements have been done recently but still requires some attention. However, this is a window of opportunity for the savvy investor looking forward to Catskill's residential and commercial future and possibilities while maintaining an excellent cash flow. Current tenants are month-to-month. With the exception of a health or safety issue, property is being sold "as-is-where-is." Owner will hold some paper but requires a minimum deposit of $85,000. Principal broker Lawrence O'Toole is the owner of this property.

Last Agent to Sell the Property

Robert Stang

LIVEARTHCO CONSULTING LLC License #10491210599 Listed on: 03/09/2018

Last Buyer's Agent

Robert Stang

LIVEARTHCO CONSULTING LLC License #10491210599 Listed on: 03/09/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,704

Year Built

  • Built in 1930

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Duplex
  • Shingle Roof
  • Asphalt Roof

Utilities

  • Heating System Uses Oil
  • Heating System Uses Steam
  • Electric Water Heater

Additional Features

  • Range
  • Partial Basement
  • Deck
  • 5,227 Sq Ft Lot

Listing and Financial Details

  • The owner pays for oil, sewer, water
  • Legal Lot and Block 16 / 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Electric Expense $600
  • Fuel Expense $3,397
  • Insurance Expense $1,271
  • New Taxes Expense $3,626
  • Net Operating Income $13,224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,704

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Year Built: 1930
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.12
  • Co List Office Phone: 917-699-6388
  • MLS Status: Closed
  • Master Plan Zoning: 05
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 0.12
  • General Property Information Lot Size Dimensions: 0.12 acres
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 3626.0
  • Income And Expenses Cap Rate: 11.0
  • Gross Scheduled Income: 23340.0
  • Income And Expenses Fuel Expense: 3397.0
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Electric Water Heater
  • Basement: Partial
  • Appliances:Electric Water Heater: Yes
  • Basement:Partial: Yes
  • Appliances Range: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: Other, Driveway
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Driveway: Yes
  • Parking Features:Other20: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Oil, Steam
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Oil: Yes
  • Heating:Steam: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 306.0

Schools

  • Junior High Dist: Catskill School District

Lot Info

  • Lot Dimensions: 0.12 acres
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Oil, Sewer, Water
  • Tenant Pays: All Utilities, Electricity

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 600.0
  • Insurance Expense: 1271.0
  • Net Operating Income: 13224.0

Tax Info

  • New Taxes Expense: 3626.0
  • Tax Block: 2
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Jun 30, 2023
Sold by
West Bridge Holdings Llc
Bought by
Gaja Holdings Llc
Seller's Agent
Zachary Petrocca
Core Real Estate Team
List Price
$475,000
Sold Price
$425,000
Premium/Discount to List
-$50,000
-10.53%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$318,500
Outstanding Balance
$311,215
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$203,666

Purchase Details

Closed on
Nov 21, 2019
Sold by
Coulis Steven and Coulis Steven Norma Steve
Bought by
West Bridge Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 15, 2019
Sold by
Coulis Steven and Coulis Steven Norma Steve
Bought by
West Bridge Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Mar 9, 2018
Closed on
Oct 11, 2018
Sold by
Otoole Lawrence
Bought by
Coulis Steven Norman
Seller's Agent
Robert Stang
LIVEARTHCO CONSULTING LLC
Buyer's Agent
Robert Stang
LIVEARTHCO CONSULTING LLC
List Price
$125,000
Sold Price
$93,500
Premium/Discount to List
-$31,500
-25.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.05%

Purchase Details

Listed on
Mar 9, 2018
Closed on
Oct 5, 2018
Sold by
Otoole Lawrence
Bought by
Coulis Steven Norman
Seller's Agent
Robert Stang
LIVEARTHCO CONSULTING LLC
Buyer's Agent
Robert Stang
LIVEARTHCO CONSULTING LLC
List Price
$125,000
Sold Price
$93,500
Premium/Discount to List
-$31,500
-25.2%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $425,000 None Available
Deed -- None Available
Deed -- None Available
Deed $93,500 None Available
Deed $93,500 None Available
Not Resolvable $93,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $318,500 Purchase Money Mortgage
Previous Owner $250,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $250,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $525,000 -2.8% $240 / Sq Ft
04/10/2025 04/10/25 Price Changed $540,000 -1.8% $247 / Sq Ft
03/05/2025 03/05/25 For Sale $550,000 +29.4% $252 / Sq Ft
06/30/2023 06/30/23 Sold $425,000 -10.5% $195 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $475,000 +408.0% $217 / Sq Ft
10/05/2018 10/05/18 Sold $93,500 0.0% $43 / Sq Ft
08/14/2018 08/14/18 Off Market $93,500 -- --
08/14/2018 08/14/18 Pending -- -- --
04/16/2018 04/16/18 Price Changed $112,500 -10.0% $52 / Sq Ft
03/09/2018 03/09/18 For Sale $125,000 -- $57 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

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 $5,704 $80,700 $11,200 $69,500
2023 $4,095 $58,300 $11,200 $47,100
2022 $3,982 $58,300 $11,200 $47,100
2021 $2,554 $58,300 $11,200 $47,100
2020 $3,855 $58,300 $11,200 $47,100
2019 $3,695 $58,300 $11,200 $47,100
2018 $3,695 $58,300 $11,200 $47,100
2017 $3,626 $58,300 $11,200 $47,100
2016 $3,589 $58,300 $11,200 $47,100
2015 -- $58,300 $11,200 $47,100
2014 -- $58,300 $11,200 $47,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20180732

Hudson Valley Catskills Region Multiple List Service

APN: 192601-156-017-0002-016-000-0000