53 Main Street | New Paltz New Paltz

$1,495,000

Located in the center of New Paltz, a thriving tourist and college town. Two commercial spaces; restaurant and retail sales on first floor. Two 4 bedroom apartments on second floor. Restaurant (Zaytune Cafe) has very good reviews for Mediterranean food, and Heddy Teddy is a successful clothing/gift shop. Zaytune has 5 year lease (6/21 to 5/26) w/ renewal option for additional 5 years. Zaytune pays $3,860 as of June 2023). Heady Teddy is in second year of a 5 year renewal, and pays $3,675 per month. Tenants on second floor (2 apartments) pay $3,055 and $3,180 for a total of $6,235 per month. Building total rent is $13,860 per month or $166,320 per year. Excellent location, high visibility. OneKeyMLS H6259949

Directions to property: 55 Main Street on north side of street, 50 feet west of Church Street and about 80 feet east of North Chestnut Street.

MLS Listing ID: 
OneKeyMLS H6259949
Community Information
School District: 
New Paltz Central
Building Details
Details about the building on a property.
Year Built: 
1894
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Oil,Baseboard,Hot Water
Cooling System: 
Zoned,Window Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Lot Area Units: 
Acres
Lot Dimensions Units: 
Acres
Waterfront: 
0
Public Record
Parcel Number: 
86.143-1-8
Annual Tax: 
$20,100.00
Property Zoning: 
B2
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
7/15/2023
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Robert M. Gabrielli
Listing Office Name: 
Reading Realty