106 Maiden Lane, Kingston, NY 12041 (MLS# 20221523)
$712,500
Kingston, NY 12041
MLS# 20221523
Status: Closed
6 baths
1 / 35
Property Description
Wonderful owner-occupied property or investment opportunity! This beautiful piece of Kingston history is steps away from Kingston's Uptown Stockade District's restaurants, shops and Farmer's Market as well as Forsyth Park and Trailways Bus Station. Originally a single-family home, the Federal-style property was converted into a six-unit apartment building in the 1960s. This white brick building features long windows, a slate roof and a back stairwell leading to a basement with storage for each unit. Many original details from the conversion remain in the home, including hardwood flooring, vintage kitchen amenities and bathrooms, and an antique mailbox in the main foyer. Outside, the private backyard makes for an inviting communal space for residents to picnic and garden and is home to a beautiful white brick 2-story barn set back on the property. The barn can be converted into a living/work space. Street parking. Owner pays heat and water. Tenant pays electric. Owner and broker are aware this is an Emergency Tenant Protection Act property. It is the buyer and/or buyer’s agent responsibility to do own due diligence regarding ETPA. Great property to facilitate a comfortable owner-occupied unit. As per the ETPA guidelines, it may be possible to have the owner occupied unit removed from ETPA guidelines. As per the city zoning, this property does allow for first floor commercial space. This could potentially exempt the first floor from ETPA. NYSAR has a free legal hotline for real estate agents: 518-436-9727
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: 106 Maiden Lane LLC
Owner Phone: 9144668560
Current Price: $712,500
Original List Price: 1300000
Sold Price: $712,500
Status: Closed
Listing Contract Date: 2022-05-25
Property Sub Type: Multi Family
Location, Tax, and Legal
General Tax: 8461
School Tax: 14172
Tax Annual Amount: 22633
Tax Assessed Value: 440000
Tax Legal Description: 2,4,106 Maiden
Tax Lot: 2
Tax Block: 4
Zoning: R-6
Directions: NYS Thruway Exit 19: take the 3rd exit onto I-587 E/NY-28 E (1.2 mi) Keep left to continue on Col Chandler Dr (213 ft) At the traffic circle, take the 1st exit onto Albany Ave (390 ft) Turn left onto Maiden Ln (0.3 mi) Destination on left.
General Property Information
Number Of Units Total: 6
Lot Size Acres: 0.25
Lot Size Dimensions: 73x150
Association YN: No
Garage YN: No
Garage Spaces: 0
Sign On Property YN: Yes
Disclaimer: The listing broker's offer of compensation is made only to participants of the Hudson Valley Catskill Region MLS.
Fireplace YN: No
Bathrooms Total: 6
Year Built: 1900
Remarks and Miscellaneous
Public Remarks: Wonderful owner-occupied property or investment opportunity! This beautiful piece of Kingston history is steps away from Kingston's Uptown Stockade District's restaurants, shops and Farmer's Market as well as Forsyth Park and Trailways Bus Station. Originally a single-family home, the Federal-style property was converted into a six-unit apartment building in the 1960s. This white brick building features long windows, a slate roof and a back stairwell leading to a basement with storage for each unit. Many original details from the conversion remain in the home, including hardwood flooring, vintage kitchen amenities and bathrooms, and an antique mailbox in the main foyer. Outside, the private backyard makes for an inviting communal space for residents to picnic and garden and is home to a beautiful white brick 2-story barn set back on the property. The barn can be converted into a living/work space. Street parking. Owner pays heat and water. Tenant pays electric. Owner and broker are aware this is an Emergency Tenant Protection Act property. It is the buyer and/or buyer’s agent responsibility to do own due diligence regarding ETPA. Great property to facilitate a comfortable owner-occupied unit. As per the ETPA guidelines, it may be possible to have the owner occupied unit removed from ETPA guidelines. As per the city zoning, this property does allow for first floor commercial space. This could potentially exempt the first floor from ETPA. NYSAR has a free legal hotline for real estate agents: 518-436-9727
Status Change Information
Status Change Timestamp: 2024-01-10
Buyer Financing: Other
Concessions Amount: 0
Major Change Timestamp: 2024-01-11T01:07:23Z
Major Change Type: Status Change
Purchase Contract Date: 2023-08-17
Close Date: 2024-01-10
Close Price: 712500
Appliances
Range: 1
Refrigerator: 1
Basement
Full: 1
Unfinished: 1
Book Information
Liber/Book: 6255
Page: 99
Section: 56-91
Construction Materials
Brick: 1
Exterior Features
Lighting: 1
Fencing
Fenced: 1
Partial: 1
Flooring
Linoleum: 1
Heating
Oil: 1
Radiant: 1
Interior Features
High Speed Internet: 1
Walk-In Closet(s): 1
Listing Terms
Cash: 1
Lot Features
City Lot: 1
Landscaped: 1
Level: 1
Patio And Porch Features
Glass Enclosed: 1
Plumbing
Copper: 1
Roof
Slate: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Structure Type
Multi Family: 1
Water Source
Public: 1
Documents Available
Survey: 1
Income and Expenses
Cap Rate: 4
Electric Expense: 550
Fuel Expense: 8878
Gross Scheduled Income: 88500
Insurance Expense: 4530
Monthly Income: 7300
Net Operating Income: 48000
New Taxes Expense: 22582
Other Expense: 6000
Other Income: 0
Total Annual Expenses: 48061
Water Expense: 2022
Owner Pays
Oil: 1
Water: 1
Tenant Pays
Electricity: 1
Unit 1 Information
Actual Rent: 1350
Baths Full: 1
Baths Total: 1
Beds Total: 2
Square Feet: 1000
Leased YN: m2m
Unit Lease Terms: m2m
Unit 2 Information
Actual Rent: 1125
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: m2m
Unit 3 Information
Actual Rent: 1300
Baths Full: 1
Baths Total: 1
Beds Total: 2
Unit Lease Terms: m2m
Unit 4 Information
Actual Rent: 1350
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: m2m
Unit 5 Information
Actual Rent: 1400
Baths Full: 1
Baths Total: 1
Beds Total: 1
Square Feet: 800
Unit Lease Terms: m2m
Unit 6 Information
Actual Rent: 1250
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: m2m
Showing Requirements
Appointment Only: 1
Showing Information
Showing Instructions: showing-time
Historical Information
UC Public Historical Remarks: FIPS Code: NY111, Terms: To Qual. Buyer, Age: 100-200, Style: Apt. Complex, Interior Features: Thermostat
Location Tax and Legal
Street Number: 106
Street Name: Maiden
Street Suffix: Lane
County: Ulster
State: NY
Zip Code: 12041
Town (Taxable): Kingston,City
Property Features
Appliances: Range; Refrigerator
Basement: Full; Unfinished
Construction Materials: Brick
Documents Available: Survey
Exterior Features: Lighting
Fencing: Fenced; Partial
Flooring: Linoleum
Heating: Oil; Radiant
Interior Features: High Speed Internet; Walk-In Closet(s)
Listing Terms: Cash
Lot Features: City Lot; Landscaped; Level
Owner Pays: Oil; Water
Patio And Porch Features: Glass Enclosed
Plumbing: Copper
Roof: Slate
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Sewer: Public Sewer
Showing Considerations: Occupied
Structure Type: Multi Family
Tenant Pays: Electricity
Water Source: Public
Showing Requirements: Appointment Only
Listing Courtesy of Hudson Valley Real Estate Brok
Listing Agent: Alexandra Deforest