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253 Main Street, Saugerties, NY 12477 (MLS# 20152891)

253 Main Street, Saugerties, NY 12477

$735,000
Property Type: Commercial Sale Square Footage: 7,338 Lot Size (sq. ft.): 12,197 Status: Closed
Current Price: $735,000 List Date: 6/17/2015 Last Modified: 9/04/2024

Overview

Description

This Beautiful and Stately Main Street property in the heart of the Village of Historic Saugerties is now available for sale. With wonderful long term tenants, the owners take great pride in maintaining this gem. Highly successful tenants, the Dutch Ale House and Joseph's Salon give this property added panache and value. There are 5 apartments on the second floor that will produce $3,100 plus per month at market rents. Add the income from the commercial tenants and you have profit from day one. There is parking for at least 20 cars behind the building in a sizable paved lot for both tenants and customers for the commercial spaces. This is a rare opportunity to own a building that will give you pride of ownership and consistently growing value

Listing Details MLS# 20152891

General Property Information

Number Of Units Total
7
Living Area
7338
Year Built
1901
Lot Size Acres
0.28
Lot Size Dimensions
50ff x 237
Sign On Property YN
No
List Price/SqFt
102.21
Sold Price/SqFt
100.16

Property Features

Appliances: Gas Water Heater; Water Heater Basement: Full Building Features: Private Restroom(s); Kitchen Facilities; Public Restroom(s); Signs Leased; Skylight(s) Construction Materials: Brick; Stone Cooling: Ceiling Fan(s); Central Air; Wall Unit(s); Window Unit(s); Other Electric: 200+ Amp Service; Circuit Breakers Exterior Features: Rain Gutters Fencing: Partial Flooring: Carpet; Ceramic Tile; Hardwood; Linoleum; Parquet; Vinyl Foundation Details: Slab Heating: Hot Water; Natural Gas Listing Terms: Cash; Lease Option Lot Features: Level Other Structures: None Road Frontage Type: City Street Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Considerations: Occupied Tenant Pays: All Utilities Showing Requirements: 24 Hour Notice; Appointment Only; Listing Agent Must Accompany Sale Includes: Building; Equipment Negotiable

Contract Information

Original List Price
859000
Listing Contract Date
2015-06-16
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Owner Name
Peckovitch
Owner Phone
with held
Occupant Name
Tenants
Occupant Phone
With held

Location Tax and Legal

Street Number
253
Street Name
Main
Street Suffix
Street
State
NY
Zip Code
12477
Town (Taxable)
Saugerties-Vlg

Remarks and Miscellaneous

Public Remarks
This Beautiful and Stately Main Street property in the heart of the Village of Historic Saugerties is now available for sale. With wonderful long term tenants, the owners take great pride in maintaining this gem. Highly successful tenants, the Dutch Ale House and Joseph's Salon give this property added panache and value. There are 5 apartments on the second floor that will produce $3,100 plus per month at market rents. Add the income from the commercial tenants and you have profit from day one. There is parking for at least 20 cars behind the building in a sizable paved lot for both tenants and customers for the commercial spaces. This is a rare opportunity to own a building that will give you pride of ownership and consistently growing value

Status Change Information

Major Change Timestamp
2016-09-02T00:11:49Z
Major Change Type
Status Change
Status Change Timestamp
2016-09-20
Purchase Contract Date
2016-04-14
Close Date
2016-09-01
Close Price
735000
Buyer Financing
Conventional
Concessions Amount
0

More Information

Book Information

Liber/Book
5813
Page
120
Section
18.247

Building Features

Window Display
Yes
Kitchen Facilities
Yes
Private Restroom(s)
Yes
Public Restroom(s)
Yes
Signs Leased
Yes
Skylight(s)
Yes

Income and Expenses

Financials Available Y/N
Yes
Fuel Expense
3300
Gross Income
7000
Gross Scheduled Income
84500
Insurance Expense
1300
Net Operating Income
45304
New Taxes Expense
16736
Other Expense
2000
Supplies Expense
200
Total Annual Expenses
28116
Water Expense
4780

Showing Information

Showing Instructions
Call Chris 845-802-3638.

Historical Information

UC Public Historical Remarks
Garage/Parking Extras: LOT-PAVED,Parking Spaces 20+, Age: 100-200, Lease Type: Month To Month,Two Or More, Lot/Site: Hamlet/village, Ceiling Height: 10, 8

Location, Tax, and Legal

Elementary School
Riccardi K-6
General Tax
4322
School Tax
9425
Village Tax
2989
Tax Assessed Value
470000
Tax Legal Description
19,1,253 Main St
Tax Lot
19
Tax Block
Yes
Zoning Description
com
Directions
Saugerties Main Street to #253 on the north side.

Appliances

Gas Water Heater
Yes
Water Heater
Yes

Basement

Full
Yes

Construction Materials

Brick
Yes
Stone
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Wall Unit(s)
Yes
Window Unit(s)
Yes
Other
Yes

Electric

200+ Amp Service
Yes
Circuit Breakers
Yes

Exterior Features

Rain Gutters
Yes

Fencing

Partial
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Hardwood
Yes
Linoleum
Yes
Parquet
Yes
Vinyl
Yes

Foundation Details

Slab
Yes

Heating

Hot Water
Yes
Natural Gas
Yes

Listing Terms

Cash
Yes
Lease Option
Yes

Lot Features

Level
Yes

Other Structures

None
Yes

Road Frontage Type

City Street
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Showing Considerations

Occupied
Yes

Tenant Pays

All Utilities
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Listing Agent Must Accompany
Yes

Sale Includes

Building
Yes
Equipment Negotiable
Yes
Listing Courtesy of Win Morrison Realty
Listing Agent: William St John
Information deemed reliable but not guaranteed.