161 Market St, Saugerties, NY 12477

26 Photos
 
$2,150,000 List Price
Off Market
 
Listing ID 10972689
Property Type Multi-Unit (5+)
County Ulster
Total Tax $34,718
Tax ID 000000-018.054-0007-043.000
FEMA Flood Map fema.gov/portal
Year Built 1976
   
Virtual Tour
Know as the Clermont Apartments, this 25 unit complex is located in the center of the quaint Village of Saugerties just off NYS Thruway Exit 20, 2 hours from NYC. Solid brick building may have originally been built as a nursing home. Grand columns and steel fencing grace the front of the property as you enter. All hallways are wide and air-conditioned, an elevator is centered right off the main entry foyer. This two story building offers a mix of one and two bedroom apartments, first floor units have their own patio and entry door, second floor units have their own deck. There is a large catering room measuring +/- 2,000 square feet perfect for a nursing home, senior residence or additional apartments with town approvals, attached is a fully plumbed area set up for a kitchen facility. Full basement has a laundry facility and storage units for tenants. Roof and windows have been replaced in the last 5 years. Current rents are well below market, please call Listing Agent for full income and expense sheet.
Property Details
  • 1.20 Acres
  • Built in 1976
Income/Expenses
  • Gross Income $288,000
  • Net Income $160,213
  • Insurance Exp $11,216
Taxes and Fees
  • $19,551 School Tax
  • $8,965 County Tax
  • $6,202 Village Tax
  • $34,718 Total Tax
Previously Listed By
Gregory Berardi
Win Morrison Realty
Office: 845-339-9999
Win Morrison Realty
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