$425,000
$459,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
7,440 Sqft Lot
SOLD DATE : 12/02/2021
Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6095197
Sold Date 12/02/21
HOA Y/N No
Rental Info No
Year Built 1913
Annual Tax Amount $12,203
Lot Size 7,440 Sqft
Acres 0.1708
Property Sub-Type Office
Source onekey2
Property Description
Charming three-story building just two blocks from uptown Kingston's stockade district. Large rooms for conference and personal office space.Bathrooms on all three levels and a walk-up bonus attic space. in the rear of the building, there is a private lot offering up to 6 cars comfortably. Currently, two suites are occupied with the potential for 5 total rentals. 4 office suites and one residential studio. This property could also be converted to a residential home or mixed-use with proper permits. Proforma Suite 1 $1000 Suite 2 $800 Suite 3 $1000 Suite 4 $800 Studio $900 $4500 x12 $54,000 income -5% $51,300 – expenses$17,508 = projected net income $33,792 6.5 cap
Location
State NY
County Ulster County
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Off Street, Parking Lot
Building
Lot Description Level, Sloped
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
High Schools Kingston
School District Kingston
Others
Special Listing Condition None
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Bought with Non-Member MLS
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Broker | License ID: 10491211077
515 Madison Ave 8th Floor # 8094, York, NY, 10022, United States