164 Main Street, 164 Main Street, New Paltz, NY 12561 (MLS# 20212444)
$1,000,000
New Paltz, NY 12561
MLS# 20212444
Status: Closed
3337 sqft
1 / 4
Property Description
Russo's Deli and two student rental apartments annual rent roll $110,940 Exclusion: Deli has right of first refusal but has indicated negative interest in pursuing to owner. Please call and discuss interest as business is ongoing.
Details
Contract Information
Listing Agreement: Exclusive Right With Exception
Owner Name: 164 Main Street, LLC
Owner Phone: 8459011640
Occupant Name: Russo Deli
Current Price: $1,000,000
Original List Price: 1285000
Sold Price: $1,000,000
Status: Closed
Listing Contract Date: 2021-06-30
Property Sub Type: Mixed Use
Location, Tax, and Legal
Street Additional Info: 164 Main Street
Township: New Paltz
School District: New Paltz Central
Elementary School: Duzine K-2
General Tax: 3787
School Tax: 7837
Village Tax: 1659
Tax Annual Amount: 11624
Tax Assessed Value: 337800
Tax Legal Description: 1,11,164 Main
Tax Lot: 1
Tax Block: 11
Zoning: B-1
Directions: Main Street on south-east corner of intersection with South Oakwood Street. Russo's Deli sign on.
General Property Information
Business Name: Russo's Deli
Number Of Units Total: 3
Lot Size Acres: 0.08
Lot Size Dimensions: 45 x 78
Sign On Property YN: No
Disclaimer: The listing broker's offer of compensation is made only to participants of the Hudson Valley Catskill Region MLS.
List Price/SqFt: 358.11
Sold Price/SqFt: 299.67
Living Area: 3337
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: Russo's Deli and two student rental apartments annual rent roll $110,940 Exclusion: Deli has right of first refusal but has indicated negative interest in pursuing to owner. Please call and discuss interest as business is ongoing.
Status Change Information
Status Change Timestamp: 2022-10-13
Buyer Financing: Other
Concessions Amount: 0
Major Change Timestamp: 2022-10-13T00:19:56Z
Major Change Type: Status Change
Purchase Contract Date: 2022-08-11
Close Date: 2022-10-12
Close Price: 1000000
Basement
Partial: 1
Book Information
Liber/Book: 6332
Page: 174
Section: 86.34
Construction Materials
Frame: 1
Flooring
Other: 1
Heating
Oil: 1
Lot Features
Corner Lot: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Income and Expenses
Cap Rate: 7
Gross Scheduled Income: 110940
Insurance Expense: 4113
Net Operating Income: 87443
New Taxes Expense: 13283
Total Annual Expenses: 17396
Tenant Pays
Water: 1
Business Type
Residential: 1
Showing Requirements
Call Listing Agent: 1
Showing Information
Showing Instructions: call LR appt 845.901.1640
Historical Information
UC Public Historical Remarks: Age: 41-60, Terms: Unknown, Lot/Site: Hamlet/village
Location Tax and Legal
Street Number: 164
Street Name: Main
Street Suffix: Street
County: Ulster
State: NY
Zip Code: 12561
Town (Taxable): New Paltz
Property Features
Basement: Partial
Business Type: Residential
Construction Materials: Frame
Flooring: Other
Heating: Oil
Lot Features: Corner Lot
Sewer: Public Sewer
Showing Considerations: Occupied
Tenant Pays: Water
Showing Requirements: Call Listing Agent
Listing Courtesy of Reading Realty
Listing Agent: Robert Gabrielli