111 Abeel Street, Kingston, NY 12401 (MLS# 20214435)
$2,225,000
Kingston, NY 12401
MLS# 20214435
Status: Closed
8 baths
1 / 23
Property Description
Creekside Terrace is a completely renovated 19th century industrial building consisting of eight spacious one-bedroom/one-bathroom apartments. Conveniently located in the very popular historic Rondout District, just a short walk to the waterfront, popular restaurants/bars, and all other amenities Downtown Kingston has to offer. A four-story masterpiece with all separate utilities, efficiently heated and cooled using Mitsubishi mini splits. The ground level offers a luxurious foyer with an elevator, locked mailboxes, and security system. There you will find units one and two, each with a back deck for maximum enjoyment. The remaining units, three through eight, have a Juliet balcony that catches the view of the Rondout and lets in the summer breeze. All are approximately 1000 sq ft with hardwood floors, exposed brick accents, washer/dryer hook ups, and high ceilings. The kitchens are finished with sleek cabinetry, stainless steel appliances, and Corian countertops with an overhand that can seat four to eight people-varies per the unit. The building has a sprinkler system and one water meter. See associated docs for Income and expense sheet, deed, county records, and disclosures. Don’t miss your opportunity to own one of the finest apartment buildings in Kingston NY! Plenty of off street parking from free City Parking Lot within eyesight.
Details
Contract Information
Current Price: $2,225,000
Original List Price: 2300000
Sold Price: $2,225,000
Status: Closed
Listing Contract Date: 2021-12-22
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: 111 J&M Corp
Owner Phone: -
Occupant Name: Tenants
Occupant Phone: -
General Property Information
Number Of Units Total: 8
Bathrooms Total: 8
Year Built: 1960
Garage YN: No
Lot Size Acres: 0.08
Lot Size Dimensions: 52 x 66
Association YN: No
Water Body Name: RONDOUT CREEK
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.
Remarks and Miscellaneous
Public Remarks: Creekside Terrace is a completely renovated 19th century industrial building consisting of eight spacious one-bedroom/one-bathroom apartments. Conveniently located in the very popular historic Rondout District, just a short walk to the waterfront, popular restaurants/bars, and all other amenities Downtown Kingston has to offer. A four-story masterpiece with all separate utilities, efficiently heated and cooled using Mitsubishi mini splits. The ground level offers a luxurious foyer with an elevator, locked mailboxes, and security system. There you will find units one and two, each with a back deck for maximum enjoyment. The remaining units, three through eight, have a Juliet balcony that catches the view of the Rondout and lets in the summer breeze. All are approximately 1000 sq ft with hardwood floors, exposed brick accents, washer/dryer hook ups, and high ceilings. The kitchens are finished with sleek cabinetry, stainless steel appliances, and Corian countertops with an overhand that can seat four to eight people-varies per the unit. The building has a sprinkler system and one water meter. See associated docs for Income and expense sheet, deed, county records, and disclosures. Don’t miss your opportunity to own one of the finest apartment buildings in Kingston NY! Plenty of off street parking from free City Parking Lot within eyesight.
Status Change Information
Major Change Timestamp: 2022-05-26T00:07:17Z
Major Change Type: Status Change
Status Change Timestamp: 2022-05-25
Purchase Contract Date: 2022-01-13
Close Date: 2022-05-25
Close Price: 2225000
Buyer Financing: Cash
Book Information
Liber/Book: 5715
Page: 243
Section: 56.43
Income and Expenses
Cap Rate: 6
Electric Expense: 3000
Gross Scheduled Income: 181500
Insurance Expense: 3445
Monthly Income: 15125
Net Operating Income: 116468
New Taxes Expense: 40649
Total Annual Expenses: 66287
Water Expense: 2940
Unit 1 Information
Actual Rent: 1925
Baths Full: 1
Baths Total: 1
Beds Total: 1
Leased YN: Yes
Unit Lease Terms: Y
Unit 2 Information
Actual Rent: 1900
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: Y
Unit 3 Information
Actual Rent: 2100
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: Y
Unit 4 Information
Actual Rent: 1800
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: Y
Unit 5 Information
Actual Rent: 1950
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: Y
Unit 6 Information
Actual Rent: 1775
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit Lease Terms: Y
Showing Information
Showing Instructions: ShowingTime
Historical Information
UC Public Historical Remarks: FIPS Code: NY111, Kitchen Description: Custom Cabinets,Cabinets Wood, Age: 61-100, Lease Type: Month To Month,One Year, Waterfront Features: Walk To Dock, Interior Features: Insulated Doors, Unit1 SqFt: 1000 +/-, Unit2 SqFt: 1000 +/-, Unit3 SqFt: 1000 +/-, Unit4 SqFt: 1000 +/-, Unit5 SqFt: 1000 +/-, Unit6 SqFt: 1000 +/-
Location Tax and Legal
Street Number: 111
Street Name: Abeel
Street Suffix: Street
County: Ulster
State: NY
Zip Code: 12401
Town (Taxable): Kingston,City
Property Features
Appliances: Dishwasher; Electric Water Heater; Exhaust Fan; Microwave; Range; Range Hood; Refrigerator
Architectural Style: Other
Basement: Concrete; Full; Unfinished
Community Features: Park
Construction Materials: Brick; Steel Siding; Stone
Cooling: Ductless
Door Features: French Doors
Electric: 100 Amp Service
Exterior Features: Balcony; Dock
Flooring: Ceramic Tile; Hardwood; Slate
Heating: Ductless; Electric
Interior Features: Elevator; High Speed Internet; Kitchen Island; Vaulted Ceiling(s); Walk-In Closet(s); Other
Laundry Features: Washer Hookup
Listing Terms: Lease Option
Lot Features: City Lot; Level; Near Public Transit; Sprinklers In Front; Sprinklers In Rear
Other Equipment: Intercom
Owner Pays: Insurance; Sewer; Taxes; Trash Collection; Water; Other
Parking Features: Other; See Remarks
Plumbing: Mixed
Roof: Rolled/Hot Mop; Rubber
Security Features: Fire Sprinkler System; Security System
Sewer: Public Sewer
Showing Considerations: Occupied
Tenant Pays: All Utilities; Electricity; Gas
View: Mountain(s); Water; Other
Water Source: Public
Waterfront Features: Creek; Navigable Water; Other
Window Features: Low-Emissivity Windows
Showing Requirements: 24 Hour Notice; Appointment Only; Listing Agent Must Accompany; See Remarks
Listing Courtesy of Berardi Realty
Listing Agent: Gabrielle Edwards