160, 166, 168 First Street, Connelly, NY 12401 (MLS# 20220359)
$1,300,000
Connelly, NY 12401
MLS# 20220359
Status: Closed
5800 sqft
1 / 35
Property Description
Expansive RV/Campground/Marina/Restaurant property located on the Rondout Waterfront, right across the Creek from Downtown Kingston and less than 90 miles from NYC. Land is about 1/2 mile from the Hudson River with direct boat access. Newly know as Castaway Boat and RV, this fully equipped RV park & marina with +/- 800 feet of deep water Creek frontage. The property consists of several structures, large brick and metal building measuring +/- 4,000 square feet housing three Commercial rentals, restaurant w/bar, print shop with second floor loft and a metal building with concrete slab (all three commercial rentals in the building are rented, see associated docs for leases). There is a detached pavilion overlooking the water (not rented but could be or used for events). Property is located in the Village of Connelly with municipal water, sewer and gas on the street (single family home is hooked up to municipal water, sewer, natural gas). Commercial building is hooked up to municipal water and has inground septic for the sewer. In past years the marina produced 60+ occupied slips with plenty of room to expand to 100 if needed. There is a 25' open end Travel Lift in great condition included with the sale along with docks, ramps etc. Property has ample room for boat storage, outside events and expansion. There are 3 separate adjacent tax parcels included in the sale: Marina with waterfront, vacant land behind the marina and a single family home. Restaurant has just been leased to local restaurateur and due to open Spring of 2022. Please see associated doc's for additional info, includes new site plan for the RV park. The Town is including RV/Campground zoning for all 3 parcels so further expansion is possible. Please see attached video and slide show underneath. 2022 leases are out to be signed and will have additional info soon.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: 160 First St LLC
Owner Phone: 8453897895
Occupant Name: owner
Current Price: $1,300,000
Original List Price: 1500000
Sold Price: $1,300,000
Status: Closed
Listing Contract Date: 2022-02-22
Property Sub Type: Other
Location, Tax, and Legal
Township: Esopus
Elementary School: Graves K-4
General Tax: 15009
School Tax: 27848
Tax Annual Amount: 42857
Tax Assessed Value: 947
Tax Legal Description: 3.2/3,1,160, 166, 168 First Street
Tax Lot: 3.2/3
Tax Block: 1
Zoning Description: Comm
Directions: Take Broadway to Left on Wurts Street, After Old Port Ewen Bridge Make a Right on Connelly Rd, Right on Plantasia Ave, Left on First St, Property on RHS
General Property Information
Business Name: Certified Marina
Number Of Units Total: 66
Lot Size Acres: 6.97
Lot Size Dimensions: 6.3 Acres
Flood Plain YN: Yes
Sign On Property YN: Yes
List Price/SqFt: 258.62
Sold Price/SqFt: 224.14
Living Area: 5800
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: Expansive RV/Campground/Marina/Restaurant property located on the Rondout Waterfront, right across the Creek from Downtown Kingston and less than 90 miles from NYC. Land is about 1/2 mile from the Hudson River with direct boat access. Newly know as Castaway Boat and RV, this fully equipped RV park & marina with +/- 800 feet of deep water Creek frontage. The property consists of several structures, large brick and metal building measuring +/- 4,000 square feet housing three Commercial rentals, restaurant w/bar, print shop with second floor loft and a metal building with concrete slab (all three commercial rentals in the building are rented, see associated docs for leases). There is a detached pavilion overlooking the water (not rented but could be or used for events). Property is located in the Village of Connelly with municipal water, sewer and gas on the street (single family home is hooked up to municipal water, sewer, natural gas). Commercial building is hooked up to municipal water and has inground septic for the sewer. In past years the marina produced 60+ occupied slips with plenty of room to expand to 100 if needed. There is a 25' open end Travel Lift in great condition included with the sale along with docks, ramps etc. Property has ample room for boat storage, outside events and expansion. There are 3 separate adjacent tax parcels included in the sale: Marina with waterfront, vacant land behind the marina and a single family home. Restaurant has just been leased to local restaurateur and due to open Spring of 2022. Please see associated doc's for additional info, includes new site plan for the RV park. The Town is including RV/Campground zoning for all 3 parcels so further expansion is possible. Please see attached video and slide show underneath. 2022 leases are out to be signed and will have additional info soon.
Status Change Information
Status Change Timestamp: 2022-09-20
Buyer Financing: Cash
Concessions Amount: 0
Major Change Timestamp: 2022-09-19T23:38:58Z
Major Change Type: Status Change
Purchase Contract Date: 2022-03-24
Close Date: 2022-09-19
Close Price: 1300000
Appliances
Electric Water Heater: 1
Gas Water Heater: 1
Water Heater: 1
Book Information
Liber/Book: 1407
Page: 412
Section: 56.50
Construction Materials
Aluminum Siding: 1
Frame: 1
Steel Siding: 1
Other: 1
See Remarks: 1
Flooring
Concrete: 1
Other: 1
Foundation Details
Slab: 1
Heating
Electric: 1
Forced Air: 1
Natural Gas: 1
Lot Features
Cul-De-Sac: 1
Level: 1
Private: 1
Rock Outcropping: 1
Secluded: 1
Other: 1
See Remarks: 1
Other Structures
Cabana: 1
Second Garage: 1
Second Residence: 1
Shed(s): 1
Workshop: 1
Other: 1
See Remarks: 1
Road Frontage Type
Private Road: 1
Road Surface Type
Other: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Waterfront Features
Marina in Community: 1
Documents Available
Survey: 1
Income and Expenses
Cap Rate: 11
Electric Expense: 5400
Gross Income: 20102
Gross Scheduled Income: 241225
Insurance Expense: 7550
Manager Expense: 7237
Net Operating Income: 157407
New Taxes Expense: 38594
Other Expense: 7237
Total Annual Expenses: 83818
Trash Expense: 2400
Water Expense: 1200
Owner Pays
Taxes: 1
Tenant Pays
All Utilities: 1
Building Features
Employee Lounge: 1
Includes Deck: 1
Includes Patio: 1
Kitchen Facilities: 1
Private Restroom(s): 1
Public Restroom(s): 1
Storage: 1
Warehouse SqFt: 4000
Business Type
Auto Service: 1
Recreation: 1
Rental: 1
Sporting Goods: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Listing Agent Must Accompany: 1
See Remarks: 1
Sale Includes
Building: 1
Equipment: 1
Fixture(s): 1
Inventory: 1
Land: 1
Machinery: 1
Supplies: 1
Showing Information
Showing Instructions: Showing-time 24 hour
Historical Information
UC Public Historical Remarks: Garage/Parking Extras: DRIVEWAY,LOT,OFF STREET,Parking Spaces 20+, Age: 61-100, Lot Features: Additional Land Available,Cliffs, Terms: To Qual. Buyer, Water Source: Drilled Well, Lot/Site: Hamlet/village
Location Tax and Legal
Street Number: 160, 166, 168
Street Name: First
Street Suffix: Street
County: Ulster
State: NY
Zip Code: 12401
Town (Taxable): Esopus
Property Features
Appliances: Electric Water Heater; Gas Water Heater; Water Heater
Building Features: Private Restroom(s); Employee Lounge; Includes Deck; Includes Patio; Kitchen Facilities; Public Restroom(s); Storage
Business Type: Auto Service; Recreation; Rental; Sporting Goods
Construction Materials: Aluminum Siding; Frame; Steel Siding; Other; See Remarks
Documents Available: Survey
Flooring: Concrete; Other
Foundation Details: Slab
Heating: Electric; Forced Air; Natural Gas
Lot Features: Cul-De-Sac; Level; Private; Rock Outcropping; Secluded; Other; See Remarks
Other Structures: Cabana; Second Garage; Second Residence; Shed(s); Workshop; Other; See Remarks
Owner Pays: Taxes
Road Frontage Type: Private Road
Road Surface Type: Other
Sewer: Public Sewer
Showing Considerations: Occupied
Tenant Pays: All Utilities
Waterfront Features: Marina in Community
Showing Requirements: 24 Hour Notice; Appointment Only; Listing Agent Must Accompany; See Remarks
Sale Includes: Building; Equipment; Fixture(s); Inventory; Land; Machinery; Supplies
Listing Courtesy of Berardi Realty
Listing Agent: Gregory Berardi