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4072 Route 28

Boiceville, NY 12412
  • $495,000
  • STATUS: ACTIVE
  • ON SITE: 142 Days
  • MLS #: 20214463
UPDATED: 52 min ago
$495,000
  • 0
    BEDS
  • 1.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $99
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

School District:

Description

Located in the center of Boiceville next to the High School and across from the Boiceville Market. 7 unit mixed use property offering a 2,500+ square foot retail/restaurant space in the front building with two apartments. The back building is a 3 unit apartment house with all updated utilities. There is also plenty of parking and a rented 2-car garage. The Retail/Restaurant space is currently vacant and advertised at a low rent of $1,500 a month including all utilities, has a full bar, hard wood floors and a kitchen with hood and water and gas connections (other kitchen equipment has been removed). Retail space could be great for a flea market, antique shop of as it is a restaurant space. Cap at asking is 6.71% but that's based on the current below market rent rates. Cap rate at more fair market rents is 10%. Please see associated docs for actual and ProForma income and expenses. List agent is part owner.

Extras: See attached associated docs for additional info

Monthly Payment Calculator

© 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:2022-05-23T07:18:29.737
www.zacharypetrocca.com/homes/124369639
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4072 Route 28 Boiceville, NY 12412

  • Price: $495,000
  • Status: ACTIVE
  • On Site: 142 Days
  • Updated: 52 min ago
  • MLS #: 20214463
0
Beds
0
Baths
0
½ Baths
1.5
Acres
5,000
SQFT
$99
$/SQFT
1960
Built
Neighborhood:
Olive
County:
Ulster
Area:
Olive
School District:
Onteora Central
Property Description
Located in the center of Boiceville next to the High School and across from the Boiceville Market. 7 unit mixed use property offering a 2,500+ square foot retail/restaurant space in the front building with two apartments. The back building is a 3 unit apartment house with all updated utilities. There is also plenty of parking and a rented 2-car garage. The Retail/Restaurant space is currently vacant and advertised at a low rent of $1,500 a month including all utilities, has a full bar, hard wood floors and a kitchen with hood and water and gas connections (other kitchen equipment has been removed). Retail space could be great for a flea market, antique shop of as it is a restaurant space. Cap at asking is 6.71% but that's based on the current below market rent rates. Cap rate at more fair market rents is 10%. Please see associated docs for actual and ProForma income and expenses. List agent is part owner.

Extras: See attached associated docs for additional info
Exterior Features

Construction Frame/Stick Garage Parking Extras Lot-PavedOff StreetParking Spaces 11-20 Lot Features Level Road Frontage State Road

Interior Features

Basement Full Commercial Features Display WindowKitchen FacilitesPublic BathroomsSecurity Light(S)Smoke DetectorsStorage Area Electricity 200 AMPS Floors CeramicHardwood Heat Source BaseboardHot Water Heating Fuel Propane Hot Water Propane Other Rooms Office

Property Features

Annual Income 70350 Annual Net 26860 Annual Taxes 4855 Flood Plain Yes Foreclosure YN No General Tax 1919 Listing Type Exclusive Right Lot Site Hamlet/Village Monthly Income 2863 Owner Pays Gas Sewer Municipal Short Sale YN No Tennant Pays Rent Only Type Mixed Use Water Drilled Well

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20214463 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:2022-05-23T07:18:29.737
 
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Coldwell Banker Village Green Realty
397 Main Street
Catskill NY, 12414