KINGSTON,CITY NY - ID: 20200503
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Ulster:20200503_1
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  • Price: $1,800,000
  • Sq. Feet: 5,726
  • Acreage: 0.07
  • Year Built: 1920
  • School District: KINGSTONCONSOLD
  • CONTACT
    Catskill Mountain Realty
    845-331-5665
    scott@catskillmountainrealty.com
Property Type: Mixed Use

Description: Uptown Kingston mixed use building featuring a fully equipped turn-key restaurant/bar with two NYC loft style apartments on the second and third floor. Thriving restaurant has recently closed due to owner relocation and apartments have also been vacated by current owner. Second floor apartment has been completely renovated offering 1 bedroom and a rooftop deck with two full bathrooms (could easily be a 2 bedroom apartment). Third floor apartment is currently one unit (but was split into two 1-bedroom apartments in the past). In this unit there are two full bathrooms, 1 kitchen and laundry area that was previously the second kitchen, unit could easily be converted back into two apartments making it a commercial 1st floor space with 3 apartments. Income and expense sheet reflects current status of building with projected rents as a commercial space and 2 apartments. See associated docs for income and expense at asking price. Full basement with high ceilings is great for storage, has full beer cooler and office. The exterior offers a front patio facing Wall Street and a rear patio facing Fair Street (could be used as parking or additional seating).
Updates, first floor bar/restaurant was created in 2016, second floor apartment was renovated in 2018 and third floor apartment updated in 2019. Top roof was 1/2 redone in 2018 and the original roof is about 8 yeas old. second floor roof was re-coated about 2 years ago. 1st floor boiler is about 1 year old, 2nd floor boiler is about 2 years old and the 3rd floor boiler is about 1 year old. Bar/restaurant electric also does the 3rd floor apartment (can easily be split up by adding a new panel and meter).


FEATURES:
NUMBER OF UNITS: 3
ZONE: Comm1
LOT DIMENSIONS: 25x126
ELECTRICITY: Three Phase
LOT FEATURES: Level, Parking Lot
LOT/SITE: City
ROAD FRONTAGE: City Street

Listing courtesy of: Win Morrison Realty / Listing Agent: Gregory Berardi
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