451 Washington Avenue Ext. $1,200,000

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    451 Washington Avenue Ext. Saugerties, NY 12477

    • Commercial
    • MLS# 20221402
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    Views: 6 Days On Site: 259

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    Property Details

    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.

    • General Features
      • Age 41-60
      • Annual Expenses 92074
      • Annual Income 259200
      • Area Town Saugerties-vlg
      • Business Name The Greens Inn
      • COMMERCIAL FEATURES FIREPLACE(S),HANDICAP FACILITY,KITCHEN FACILITES,LAUNDRY ROOM,PRIVATE RESTROOMS,SECURITY LIGHT(S),SECURITY SYSTEM,SIGNS OWNED,SMOKE DETECTORS,STORAGE AREA
      • CURRENT BUSINESS TYPE APARTMENT INCLUDED,HOTEL/MOTEL
      • Foreclosure No
      • General Taxes 6839
      • Owner Pays ALL UTILITIES
      • School Tax 10594
      • Sewer MUNICIPAL
      • Short Sale No
      • Tennant Pays OTHER
      • TERMS CALL LR
      • Type Hotel/Motel
      • Year Built 1960
    • Building Features
      • BASEMENT CRAWL,FULL,OTHER/SEE REMARKS
      • Ceiling Height 10-12
      • Construction FRAME/STICK, MASONRY
      • COOLING AIR CONDITIONING CENTRAL
      • ELECTRICITY THREE PHASE,200 AMPS
      • FLOORS CARPET,CERAMIC,VINYL
      • Fuel 19543
      • GARAGE PARKING EXTRAS LOT,LOT-PAVED,LOT-STRIPED,OFF STREET,Parking Spaces 20+
      • HEAT SOURCE CENTRAL,FORCED AIR
      • HEATING FUEL PROPANE
      • HOT WATER ELECTRIC,GAS
      • Number of Units 28
      • OTHER ROOMS OFFICE,OTHER/SEE REMARKS,UTILITY ROOM
      • Total Building Sqft 10161
    • Property Features
      • Lot Dimensions 2.20 acres
      • LOT FEATURES ADDITIONAL LAND AVAILABLE,LANDSCAPED,LEVEL,PARKING LOT
      • LOT SITE HAMLET/VILLAGE
      • Number of Acres 2.2
      • ROAD FRONTAGE COUNTRY ROAD
      • WATER1 MUNICIPAL
    • Schools
      • Elementary School CAHILL K-6
      • Elementary School1 CAHILL K-6
      • School District SAUGERTIESCENTR
      • School District1 SAUGERTIESCENTR

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    Neighborhood

    12477 (Saugerties) Demographics

    48 Median Age
    269 Population Density (per sq. mile)
    44% College Educated
    $62,634 Estimated Median Income
    5,304 Estimated Total Home Owners
    2,262 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,870 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $385,000 Median Sales Price
    5 Homes Sold
    15 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,200,000
        11/23/2022 4:02:42 PM Status Changed Source: Multiple Listing Service New Value: Pending
        5/18/2022 3:18:00 PM New in Database Source: Multiple Listing Service New Value: $1,200,000

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        MLS LogoThe data relating to real estate on this website comes in part from the IDX program of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Nutshell Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2023 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.