United StatesNew YorkSaugerties451 Washington Avenue Ext.

451 Washington Avenue Ext.
451 Washington Avenue Ext. Saugerties, New York 12477 United States

$1,200,000
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Berardi Realty

Listing Courtesy of Berardi Realty

About 451 Washington Avenue Ext.

Sprawling 27 unit building with a 1-bedroom managers apartment (28 total units). Building is currently being rented as High End SRO (single room occupancy) with each room having its own private bath. The 10,000+ square foot building is split into 4 suites, each suite has its own full kitchen, dining area, living room and then 6-7 bedrooms, each with its own full bath. This property can lend itself to a Hotel (as it was previously used), Inn, Senior Residence or SRO rentals etc. Building has just been updated with all new HVAC (heat and ac), high efficiency propane units along with many other updates. Units are now being rented between $700-$1,000 a month depending on the room size and bathroom layout. Please see attached info in associated doc's for County Records, CO & Floor Plans. Cap rate at projected (conservative) rents and expenses is 13.92% at asking price. Master Lease, Rent With Option To Buy or Straight sale considered. Property is located about 1/2 mile from Saugerties Village center and surrounded by/close to, Horse Show properties, Cantine Sports Complex, indoor Ice Arena, Mini-golf, Go-carts and Skate Park. Excellent location for Airbnb, hotel or straight rentals. Building is fully furnished along with a full laundry facility with 5+ coin operated washers and dryers. List agent is part owner.

Listing Courtesy of Berardi Realty, Ulster County Board-Realtors

PROPERTY INFORMATION

Cooling
CENTRAL
Heating
CENTRAL, FORCED AIR
Parking Description
LOT, LOT-PAVED, LOT-STRIPED, OFF STREET, Parking Spaces 20+
Sewer
MUNICIPAL
Water
1830

EXTERIOR

Construction
FRAME/STICK, MASONRY

INTERIOR

Flooring
CARPET, CERAMIC, VINYL

ADDITIONAL INFORMATION

Number of Units
28
$1,200,000
Change Currency
10,161 Sq Ft.
Interior
2.2 Acres
Exterior
Hotel / Motel
Property type
1960
Year Built
20221402
Web Id
20221402
MLS ID
Saugerties Central
School District
Cahill K-6
Elementary
Listing Courtesy of Berardi Realty

Berardi Realty

Listing Courtesy of Berardi Realty

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