130 Front Street, Kingston, NY 12401 (MLS# 20184105)
$1,100,000
Kingston, NY 12401
MLS# 20184105
Status: Closed
17062 sqft
1 / 28
Property Description
Gateway to the Stockade District! Gateway to Kingston! There is no greater visibility at a main entrance to Kingston. Situated at the corner of Washington Ave and North Front Streets, with a traffic count in excess of 6000 cars daily, and directly across the street from the Trailways Bus Terminal, this building is a true representation of Kingston's expanding Uptown Business District. Offering a community of excellent tenants, there is a very strong, in-place income, with plenty of room to grow. Currently, this community is made up of 8 businesses and organizations, but the building is eminently flexible, with available space for more, and many options to change the layout to suit the needs of the occupant. More than 17,000 ft2, on 1.2 beautifully landscaped and accented acres, there is off-street parking for 60 or more vehicles! Building is currently operating at 100% occupancy, and has an excellent rental history. Financials available to fully qualified buyers. Income and Expense attached document
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Mainetti and O'Connor
Owner Phone: c/o LR
Current Price: $1,100,000
Original List Price: 4350000
Sold Price: $1,100,000
Status: Closed
Listing Contract Date: 2018-09-25
Property Sub Type: Office
Location, Tax, and Legal
Township: City of Kingston
Neighborhood: Uptown
Elementary School: Edson K-4
General Tax: 29729
School Tax: 42436
Tax Assessed Value: 1453000
Tax Legal Description: 1.100,2,130 N Front
Tax Lot: 1.100
Tax Block: 2
Zoning: c-2
Directions: Corner of Washington Avenue and North Front Streets in Uptown Kingston- Across from Trailways
General Property Information
Number Of Units Total: 10
Lot Size Acres: 1.2
Lot Size Dimensions: 1.2A
Sign On Property YN: No
List Price/SqFt: 254.95
Sold Price/SqFt: 64.47
Living Area: 17062
Year Built: 1978
Remarks and Miscellaneous
Public Remarks: Gateway to the Stockade District! Gateway to Kingston! There is no greater visibility at a main entrance to Kingston. Situated at the corner of Washington Ave and North Front Streets, with a traffic count in excess of 6000 cars daily, and directly across the street from the Trailways Bus Terminal, this building is a true representation of Kingston's expanding Uptown Business District. Offering a community of excellent tenants, there is a very strong, in-place income, with plenty of room to grow. Currently, this community is made up of 8 businesses and organizations, but the building is eminently flexible, with available space for more, and many options to change the layout to suit the needs of the occupant. More than 17,000 ft2, on 1.2 beautifully landscaped and accented acres, there is off-street parking for 60 or more vehicles! Building is currently operating at 100% occupancy, and has an excellent rental history. Financials available to fully qualified buyers. Income and Expense attached document
Status Change Information
Status Change Timestamp: 2019-04-02
Buyer Financing: Conventional
Concessions Amount: 0
Major Change Timestamp: 2019-04-01T18:29:09Z
Major Change Type: Status Change
Purchase Contract Date: 2019-02-05
Close Date: 2019-04-01
Close Price: 1100000
Appliances
Electric Water Heater: 1
Water Heater: 1
Basement
Finished: 1
Full: 1
Book Information
Liber/Book: 6322
Page: 97
Section: 48-330
Construction Materials
Brick: 1
Frame: 1
Stone: 1
Cooling
Central Air: 1
Electric
200+ Amp Service: 1
Flooring
Carpet: 1
Concrete: 1
Other: 1
Foundation Details
Slab: 1
Heating
Hot Water: 1
Natural Gas: 1
Listing Terms
Lease Option: 1
Lot Features
City Lot: 1
Corner Lot: 1
Road Frontage Type
City Street: 1
State Road: 1
Road Surface Type
Paved: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Documents Available
Survey: 1
Income and Expenses
Financials Available Y/N: Yes
Fuel Expense: 22878
Gross Income: 26977
Gross Scheduled Income: 323731
Insurance Expense: 8728
Manager Expense: 15160
Net Operating Income: 161335
New Taxes Expense: 72796
Other Expense: 40000
Total Annual Expenses: 159528
Trash Expense: 4000
Water Expense: 4693
Owner Pays
All Utilities: 1
Building Features
Office SqFt: 17062
Business Type
Professional/Office: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Sale Includes
Building: 1
Showing Information
Showing Instructions: Appt req. Agent must acco
Historical Information
UC Public Historical Remarks: Garage/Parking Extras: Parking Spaces 20+, Age: 21-40, Lease Type: Month To Month,One Year
Location Tax and Legal
Street Number: 130
Street Name: Front
Street Suffix: Street
County: Ulster
State: NY
Zip Code: 12401
Town (Taxable): Kingston,City
Property Features
Appliances: Electric Water Heater; Water Heater
Basement: Finished; Full
Business Type: Professional/Office
Construction Materials: Brick; Frame; Stone
Cooling: Central Air
Documents Available: Survey
Electric: 200+ Amp Service
Flooring: Carpet; Concrete; Other
Foundation Details: Slab
Heating: Hot Water; Natural Gas
Listing Terms: Lease Option
Lot Features: City Lot; Corner Lot
Owner Pays: All Utilities
Road Frontage Type: City Street; State Road
Road Surface Type: Paved
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Sale Includes: Building
Listing Courtesy of Potter Realty
Listing Agent: Nan Potter