451 Washington Avenue Ext - Hospitality FOR SALE


Saugerties, NY 12477
$1,200,000 USD
845-389-7895
451 Washington Avenue Ext, Saugerties, NY for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/25
null | 13.93% Cap Rate

451 Washington Avenue Ext
Saugerties, NY 12477


OVERVIEW

Sprawling 27 unit building with a 1-bedroom managers apartment (28 total units). Building is currently being rented as High End SRO (singleroom 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 fullkitchen, 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 previouslyused), Inn, Senior Residence or SRO rentals etc. Building has just been updated with all new HVAC (heat and ac), high efficiency propane unitsalong 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 is13.92% at asking price. Master Lease, Rent With Option To Buy or Straight sale considered. Property is located about 1/2 mile fromSaugerties Village center and surrounded by/close to, Horse Show properties, Cantine Sports Complex, indoor Ice Arena, Mini-golf, Go-cartsand Skate Park.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$118 USD /SF

# OF ROOMS

4

PRICE/ROOM

$300,000 {currency}

CAP RATE

13.93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Greens Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

02

APN/PARCEL ID

4889-018.001-0003-057.200-0000

ASK ABOUT THIS PROPERTY

Greg BerardiBerardi RealtyMore Info
845-389-7895

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Greg BerardiBerardi RealtyMore Info
845-389-7895

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.