161 Market St, Saugerties, NY 12477
$2,150,000
List Price
Off Market
| Listing ID |
10972689 |
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| Property Type |
Multi-Unit (5+) |
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| County |
Ulster |
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| Total Tax |
$34,718 |
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| Tax ID |
000000-018.054-0007-043.000 |
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| FEMA Flood Map |
fema.gov/portal |
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| Year Built |
1976 |
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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.
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- Gross Income $288,000
- Net Income $160,213
- Insurance Exp $11,216
- $19,551 School Tax
- $8,965 County Tax
- $6,202 Village Tax
- $34,718 Total Tax
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Gregory Berardi
Win Morrison Realty
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Listing data is deemed reliable but is NOT guaranteed accurate.
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