55 Main | New Paltz

$1,900,000

Two commercial spaces (restaurant and retail sales) on first floor; two 4 bedroom apartments on second floor. Restaurant (Faytune Cafe) has 5 year lease (6-21 ro 5-26) w/renewal option for additional 5 years. (June 22 rent is $3,675/mo); Retail Store (Heady Teddy) pays $3,150 per month. Tenants above pay 2,980 per apt x 2 = $5,960; Total rent roll is $12,785 per month or $153,420 per year. Tenants pay all utilities. ULSTER 20221412

Directions to property: Intersection of Main and Chestnuts (N & S) proceed in an easterly fashion on the north side of Main Street. The property is on the north side of Main Street and is the third property eastward from North Chestnut Street, and it is marked "55 Main Street."

MLS Listing ID: 
ULSTER 20221412
Community Information
School District: 
New Paltz Central
Building Details
Details about the building on a property.
Year Built: 
1890
New Construction: 
0
Age: 
100
Construction
DisabilityFeatures: 
No
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.
Water Source: 
T pay
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Area): 
0.11
Lot Area Units: 
Acres
Lot Size (Dimensions): 
41 x 110 x 51 x various
Public Record
Annual Tax: 
$14,971.00
Property Zoning: 
B2
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
5/19/2022
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Robert Gabrielli
Listing Office Name: 
Reading Realty