NEW PALTZ NY - ID: 20230646
On the Market
Ulster:20230646_3
Ulster:20230646_1 Ulster:20230646_2 Ulster:20230646_3 Ulster:20230646_4 Ulster:20230646_5 Ulster:20230646_6 Ulster:20230646_7
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  • Price: $1,790,000
  • Sq. Feet: 4,560
  • Acreage: 0.11
  • Year Built: 1890
  • School District: NEW PALTZ
  • CONTACT
    Vetere Real Estate
    (845) 338-0571
    kvetere@vetererealestate.com
Property Type: Mixed Use

Description: Two commercial spaces; restaurant and retail sales on first floor. Two 4 bedroom apartments on second floor. Restaurant (Zaytune Cafe) has very good reviews for Mediterranean food, and Heddy Teddy is a successful gift shop. Zaytune has 5 year lease (6/21 to 5/26) w/ renewal option for additional 5 years. Zaytune pays $3, 675 as of June 2022). Heady Teddy pays $3, 150 per month. Tenants on second floor pay $2, 980 x 2 apartments for $5, 960 per month. Building total rent is $12.785 per month or $153, 420 per year. On numbers presented herein, would yield $2.156M at 7 cap rate.

FEATURES:
NUMBER OF UNITS: 4
ELEMENTARY SCHOOL: Duzine K-2
WATER: T Pay
ZONE: B2
LOT DIMENSIONS: 41x110x51xvaries
ELECTRICITY: Mixed
LOT/SITE: Hamlet/Village

Listing courtesy of: Reading Realty / Listing Agent: Robert Gabrielli
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