5207 Route 32 - Apartments FOR SALE


Catskill, NY 12414
$4,000,000 USD
518-466-1219
5207 Route 32, Catskill, NY for Sale
$4,000,000 USD
Apartments - FOR SALE
1/101
null | 8% Cap Rate

5207 Route 32
Catskill, NY 12414


HIGHLIGHTS

  • Established Bar & Restaurant: B & B Lounge
  • Rental Units & Rental Income
  • Motel Units
  • 37 Rental Units
  • 11.6 Acres
  • 4,500 sq ft Bar & Restaurant

OVERVIEW

A Great Investment Property with a Bar, Restaurant, & Motel with up to 37 Rental Units on 11.6 Acres! There are 37 total units: 1 bar & restaurant, 31 residential rental units, 1 RV site, 3 garages, & 1 storage shed. The annual rent roll is $366,840 which does not include the commercial bar/restaurant, 2 garages, & 1 shed. There's additional income that comes from the vending machines & the coin-operated laundry. The bar/restaurant is 4,500 sq ft with a 2,500 sq ft apartment on the 2nd floor. The bar is 22 x 26 ft, the dining room is 24 x 45 ft, the commercial kitchen is 24 x 24 ft, along with 3 other dining & game rooms. The bar/restaurant is currently not operating under the pandemic. There are a total of 59 bedrooms, 34.5 baths, an outdoor pool, multiple parking areas, & an outdoor barbecue pavilion. There are 3 driveway entrances, 12 septic tanks, 6 wells, & purchased solar panels. There are lawns, yards, & space on the property to expand or subdivide. It's an Amazing Property! View our 3D virtual tour of the bar, restaurant, owner's apartment, 1 unit, and a garage.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

30

PRICE/UNIT

$133,333

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

B&B Lounge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

100

LAND DETAILS

LAND ACRES

11.6 AC

LAND SF

505,296 SF

ZONING

02

APN/PARCEL ID

192689-153-000-0002-010-000-0000

ASK ABOUT THIS PROPERTY

Ted BantaRVW Select PropertiesMore Info
518-466-1219

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Ted BantaRVW Select PropertiesMore Info
518-466-1219

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