OOC - GREENE NY - ID: 20221286
On the Market
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  • Price: $1,495,000
  • Sq. Feet: 0
  • Garage: None
  • Acreage: 3.55
  • Year Built: 1950
  • School District: Rav-Coey-S
    Catskill Mountain Realty
Property Type: Multi-Unit

Description: Sprawling 29 unit complex consisting of two adjacent parcels, 1037 Aquetuck is a 12 unit brick apartment building, fully rented and about 7 units are renovated along with a new roof. 14311 Route 9W is a +/- 2, 500 square foot renovated 4 bedroom brick single family home and a 28 room motel that is is under conversion to a 16 unit apartment building consisting of 12 1-bedroom units and 4 Studio units. The 12 unit apartment building has all electric motel style heating and ac, the home has a hot water boiler and the new 16-units that are under renovation will be brand new with heat/ac splits in each unit. There is lots of flat usable land for tenant enjoyment or additional accessory buildings. Property is also being offered at $1, 995, 000 "sold turn key" as a 28 unit apartment complex with a single family home, rents for the 16 newly created apartments are projected in the sheet at a low fair market rate. Cap rate at asking price is 11.37% at current rents and projected rents. Listing agent is part owner.
28 Room motel is in the process of being renovated into 16 apartments and offered as is for $1, 495, 000. The property can also be Sold Turn Key with all renovations completed at an asking price of $1, 995, 000.

ZONE: Com 1
APPLIANCES: Refrigerator, Range
ELECTRICITY: 100 Amps, 200 Amps
LOT FEATURES: Landscaped, Slope-Gently
LOT/SITE: Hamlet/Village, Suburb
WATER: Municipal
KITCHEN DESCRIPTION: Cabinets Wood, Eat-In, Galley

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