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14311 Route 9W

New Baltimore, NY 12124
  • $1,995,000
  • STATUS: ACTIVE
  • ON SITE: 45 Days
  • MLS #: 20221342
UPDATED: 57 min ago
$1,995,000
  • 0
    BEDS
  • 3.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,346
    SQFT
  • $122
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
Area:

School Ratings & Info

School District:

Description

Sprawling 29 unit complex consisting of two adjacent parcels, 1037 Aquetuck is a 12 unit brick apartment building, fully rented and about 5 units are renovated along with a new roof. 14311 Route 9W is a +/- 2,500 square foot renovated 4 bedroom brick single family home and a completely renovated 16 unit strip apartment complex (is currently a 28 room motel) but renovation starts January 15, 2022 and should be completed by April 2022. The 12 unit apartment building has all electric motel style heating and ac, the home has a hot water boiler and the 16 units that are under renovation will be brand new with heat/ac splits in each unit. There is lots of flat usable land for tenant enjoyment or additional accessory buildings. See attached income and expense sheet. Property is being offered at $1,995,000 sold turn key as a 28 unit apartment complex with a single family home, rents for the 16 newly created apartments are projected in the sheet at a low fair market rate. Cap rate at asking price is 8.58% at current rents and projected rents. Listing agent is part owner.

Extras: 28 Room motel is in the process of being renovated into 16 apartments, renovation starts January 15, 2022. Buyer can purchase the property now AS-IS asking $1.6M. Listing agent is owner

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© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Coldwell Banker Village Green Realty are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Data Last Updated:2022-06-28T13:18:36.867
www.zacharypetrocca.com/homes/128703011
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14311 Route 9W New Baltimore, NY 12124

  • Price: $1,995,000
  • Status: ACTIVE
  • On Site: 45 Days
  • Updated: 57 min ago
  • MLS #: 20221342
0
Beds
0
Baths
0
½ Baths
3.55
Acres
16,346
SQFT
$122
$/SQFT
1950
Built
Neighborhood:
Greene
Area:
Greene
School District:
Rav-Coey-Selkirk
Property Description
Sprawling 29 unit complex consisting of two adjacent parcels, 1037 Aquetuck is a 12 unit brick apartment building, fully rented and about 5 units are renovated along with a new roof. 14311 Route 9W is a +/- 2,500 square foot renovated 4 bedroom brick single family home and a completely renovated 16 unit strip apartment complex (is currently a 28 room motel) but renovation starts January 15, 2022 and should be completed by April 2022. The 12 unit apartment building has all electric motel style heating and ac, the home has a hot water boiler and the 16 units that are under renovation will be brand new with heat/ac splits in each unit. There is lots of flat usable land for tenant enjoyment or additional accessory buildings. See attached income and expense sheet. Property is being offered at $1,995,000 sold turn key as a 28 unit apartment complex with a single family home, rents for the 16 newly created apartments are projected in the sheet at a low fair market rate. Cap rate at asking price is 8.58% at current rents and projected rents. Listing agent is part owner.

Extras: 28 Room motel is in the process of being renovated into 16 apartments, renovation starts January 15, 2022. Buyer can purchase the property now AS-IS asking $1.6M. Listing agent is owner
Exterior Features

Construction Masonry Garage Parking Extras DrivewayLot-PavedOff StreetParking Spaces 20+ Lot Features Landscaped Road Frontage Country RoadState RoadUs Highway

Interior Features

Basement FullPartialSlab Electricity 200 AMPS Floors CarpetCeramicHardwoodVinyl Heat Source Forced Air Heating Fuel Electric Hot Water Gas

Property Features

Annual Income 282300 Annual Net 170093 Annual Taxes 23810 Current Business Type Apartment Included Flood Plain No Foreclosure YN No General Tax 8210 Lease Type Month To MonthOne Year Listing Type Exclusive Right Lot Site Hamlet/VillageSuburb Monthly Income 23525 Owner Pays All Utilities Sewer Septic In-Ground Short Sale YN No Tennant Pays Rent Only Type Other Water Municipal

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20221342 provided courtesy of Gregory Berardi of Berardi Realty.
© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Coldwell Banker Village Green Realty are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Data Last Updated:2022-06-28T13:18:36.867
 
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Coldwell Banker Village Green Realty
397 Main Street
Catskill NY, 12414