NEW PALTZ NY - ID: 20223738
On the Market
Ulster:20223738_2
Ulster:20223738_1 Ulster:20223738_2 Ulster:20223738_3 Ulster:20223738_4 Ulster:20223738_5 Ulster:20223738_6 Ulster:20223738_7 Ulster:20223738_8 Ulster:20223738_9 Ulster:20223738_10 Ulster:20223738_11 Ulster:20223738_12 Ulster:20223738_13 Ulster:20223738_14 Ulster:20223738_15 Ulster:20223738_16 Ulster:20223738_17 Ulster:20223738_18 Ulster:20223738_19 Ulster:20223738_20 Ulster:20223738_21 Ulster:20223738_22 Ulster:20223738_23 Ulster:20223738_24 Ulster:20223738_25 Ulster:20223738_26 Ulster:20223738_27 Ulster:20223738_28 Ulster:20223738_29 Ulster:20223738_30 Ulster:20223738_31 Ulster:20223738_32 Ulster:20223738_33 Ulster:20223738_34
click a thumbnail for larger view
  • Price: $2,000,000
  • Sq. Feet: 3,360
  • Acreage: 0.14
  • Year Built: 1888
  • School District: NEW PALTZ
  • CONTACT
    Catskill Mountain Realty
    845-331-5665
    scott@catskillmountainrealty.com
Property Type: Mixed Use

Description: Opportunity to own the best mixed-use building and restaurant in New Paltz! The sale includes the building, the Main Street Bistro business, all restaurant equipment, and two upstairs apartments. Very attractive owner financing available to qualified buyers: 25% down payment, 20-year fixed-rate loan, 5% interest rate! With this financing, you can own and operate the building at a similar cost to renting Main Street restaurant space, with all the benefits of long-term ownership. Established in 1993, the Main Street Bistro is one of the most beloved and successful restaurants in the thriving Village of New Paltz. Unbeatable corner location in the heart of the historic dining and shopping district of this charming college town. The Bistro has a large and loyal customer base of SUNY New Paltz students, local residents, and the thousands of tourists that flock to New Paltz each week. New ownership can grow revenues significantly by expanding the catering business and opening for dinner service. Continue the current turn-key operation, or make it your own! Operating expenses and taxes are offset by the two apartments upstairs, including a recently renovated 2BR (rents for $1, 500, should be $2, 000+) and an adjacent one bedroom unit (rents for $750/mo, increasing to $950 in January, should be $1, 350+). Tenants pay heat, hot water, and electricity. The property includes 3 metered off-street parking space maintained by the Village of New Paltz, plus ample loading space at the rear of the building where owner parks car. New high-efficiency mini-split heating/cooling system in Bistro. Full basement is used for restaurant storage and prep, and is not included in the square footage. Absolutely unique opportunity to acquire one of the most iconic and attractive pieces of real estate in New Paltz.
Note: owner would consider a sale of the Main Street Bistro business separately from the real estate. Call listing broker for details.


FEATURES:
NUMBER OF UNITS: 3
ZONE: B2
LOT DIMENSIONS: 0.14 Acres
LOT FEATURES: Corner Lot

Listing courtesy of: New Paltz Properties / Listing Agent: Matthew Eyler
Copyright Ulster County
What is IDX?
The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. Real estate listings of brokerage firms other than Catskill Mountain Realty are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 by the Multiple Listing Service of Ulster County and Catskill Mountain Realty. All rights reserved.
This page is to be linked to only from CatskillMountainRealty.com