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Sprawling 27 unit building with a 1-bedroom managers apartment (28 total units). Building is currently being rented as High End SRO (single room occupancy) with each room having its own private bath. The 10,000+ square foot building is split into 4 suites, each suite has its own full kitchen, dining area, living room and then 6-7 bedrooms, each with its own full bath. This property can lend itself to a Hotel (as it was previously used), Inn, Senior Residence or SRO rentals etc. Building has just been updated with all new HVAC (heat and ac), high efficiency propane units along with many other updates. Units are now being rented between $700-$1,000 a month depending on the room size and bathroom layout. Please see attached info in associated doc's for County Records, CO & Floor Plans. Cap rate at projected (conservative) rents and expenses is 13.92% at asking price. Master Lease, Rent With Option To Buy or Straight sale considered. Property is located about 1/2 mile from Saugerties Village center and surrounded by/close to, Horse Show properties, Cantine Sports Complex, indoor Ice Arena, Mini-golf, Go-carts and Skate Park. Excellent location for Airbnb, hotel or straight rentals. Building is fully furnished along with a full laundry facility with 5+ coin operated washers and dryers. List agent is part owner.
Property Type(s):
Commercial
| Last Updated | 4/4/2025 | Year Built | 1960 |
|---|---|---|---|
| County | Ulster |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Crawl Space, Full |
| CONSTRUCTION | Brick, Frame, Stone |
| HEAT | Forced Air, Other, Propane |
| LOT | 2.2 acre(s) |
| LOT DESCRIPTION | Landscaped, Level |
| SEWER | Public Sewer |
| TAXES | 14926.3 |
| UTILITIES | See Remarks |
| WATER | Public |
Location
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Listed with Berardi Realty
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The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Suburban Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 4/5/25 4:02 AM PDT
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