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
Listing Agreement: Exclusive Right To Sell
Owner Name: 111 J&M Corp
Owner Phone: -
Occupant Name: Tenants
Occupant Phone: -
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
Location, Tax, and Legal
Township: City of Kingston
Elementary School: John F. Kennedy School
General Tax: 15139
School Tax: 25510
Tax Annual Amount: 40649
Tax Assessed Value: 977778
Tax Legal Description: 28,2,111 Abeel
Tax Lot: 28
Tax Block: 2
Zoning Description: RT
Directions: From the Kingston traffic circle off the thruway, take the 1st exit for I-587 S. At the second roundabout take the 2nd exit for Broadway. Continue on Broadway for 1.1 miles. Turn left onto Wurts St. Right onto Abeel St. Destination will be on the Right.
General Property Information
Number Of Units Total: 8
Lot Size Acres: 0.08
Lot Size Dimensions: 52 x 66
Association YN: No
Garage YN: No
Garage Spaces: 0
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.
Bathrooms Total: 8
Year Built: 1960
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
Status Change Timestamp: 2022-05-25
Buyer Financing: Cash
Concessions Amount: 0
Major Change Timestamp: 2022-05-26T00:07:17Z
Major Change Type: Status Change
Purchase Contract Date: 2022-01-13
Close Date: 2022-05-25
Close Price: 2225000
Appliances
Dishwasher: 1
Electric Water Heater: 1
Exhaust Fan: 1
Microwave: 1
Range: 1
Range Hood: 1
Refrigerator: 1
Architectural Style
Other: 1
Basement
Concrete: 1
Full: 1
Unfinished: 1
Book Information
Liber/Book: 5715
Page: 243
Section: 56.43
Community Features
Park: 1
Construction Materials
Brick: 1
Steel Siding: 1
Stone: 1
Cooling
Ductless: 1
Door Features
French Doors: 1
Electric
100 Amp Service: 1
Exterior Features
Balcony: 1
Dock: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Slate: 1
Heating
Ductless: 1
Electric: 1
Interior Features
Elevator: 1
High Speed Internet: 1
Kitchen Island: 1
Vaulted Ceiling(s): 1
Walk-In Closet(s): 1
Other: 1
Laundry Features
Washer Hookup: 1
Listing Terms
Lease Option: 1
Lot Features
City Lot: 1
Level: 1
Near Public Transit: 1
Sprinklers In Front: 1
Sprinklers In Rear: 1
Other Equipment
Intercom: 1
Parking Features
Other: 1
See Remarks: 1
Plumbing
Mixed: 1
Roof
Rolled/Hot Mop: 1
Rubber: 1
Security Features
Fire Sprinkler System: 1
Security System: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
View
Mountain(s): 1
Water: 1
Other: 1
Water Source
Public: 1
Waterfront Features
Creek: 1
Navigable Water: 1
Other: 1
Window Features
Low-Emissivity Windows: 1
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
Other Income: 0
Total Annual Expenses: 66287
Water Expense: 2940
Owner Pays
Insurance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Other: 1
Tenant Pays
All Utilities: 1
Electricity: 1
Gas: 1
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 Requirements
24 Hour Notice: 1
Appointment Only: 1
Listing Agent Must Accompany: 1
See Remarks: 1
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