275 Fair, Kingston, NY 12401 (MLS# 20073655)
$800,000
Kingston, NY 12401
MLS# 20073655
Status: Closed
23262 sqft
1 / 4
Property Description
OWNER MUST SELL! PRICED FOR QUICK SALE! COMMERCIAL BLDING W/ FRONTAGE ON 2 BUSY UPTOWN KINGSTON CITY STRTS IN TOP RETAIL/RESTAURANT/OFFICE AREA. 3 STORY BUILDING COMPRISED OF 7 RETAIL UNITS ON GROUND FLR & APPROX 20 OFFICE RENTALS ON 2ND & 3RD FLRS. 4 PERSON MODERN ELEVATOR RUNS FROM 3RD FLR. OWNER CURRENTLY PAYS FOR UTILITES FOR OFFICE SPACE AND HEAT FOR RETAIL. GOOD CONDITION. HIGH EXPOSURE TO UPTOWN TRAFFIC.PROJECTED REVENUE FIGURES.ADJOING BLDG AVAIL ALSO. PRESENT ALL OFFERS.EXCELLENT POTENTIAL!
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: LAMORE ENTERPRISES
Owner Phone: N/A
Current Price: $800,000
Original List Price: 1100000
Sold Price: $800,000
Status: Closed
Listing Contract Date: 2007-07-04
Property Sub Type: Office
Location, Tax, and Legal
Elementary School: G.Washington K-4
General Tax: 14610
School Tax: 14995
Tax Assessed Value: 769919
Tax Legal Description: 1, 6, 275 FAIR
Tax Lot: 1
Tax Block: 6
Zoning: C2CENTRAL COM
Directions: UPTOWN KINGSTON CORNERS OF JOHN ST AND FAIR ST
General Property Information
Business Name: OPERA HOUSE
Number Of Units Total: 27
Lot Size Acres: 0.22
Lot Size Dimensions: 94X100
Sign On Property YN: No
List Price/SqFt: 42.99
Sold Price/SqFt: 34.39
Living Area: 23262
Year Built: 1856
Remarks and Miscellaneous
Public Remarks: OWNER MUST SELL! PRICED FOR QUICK SALE! COMMERCIAL BLDING W/ FRONTAGE ON 2 BUSY UPTOWN KINGSTON CITY STRTS IN TOP RETAIL/RESTAURANT/OFFICE AREA. 3 STORY BUILDING COMPRISED OF 7 RETAIL UNITS ON GROUND FLR & APPROX 20 OFFICE RENTALS ON 2ND & 3RD FLRS. 4 PERSON MODERN ELEVATOR RUNS FROM 3RD FLR. OWNER CURRENTLY PAYS FOR UTILITES FOR OFFICE SPACE AND HEAT FOR RETAIL. GOOD CONDITION. HIGH EXPOSURE TO UPTOWN TRAFFIC.PROJECTED REVENUE FIGURES.ADJOING BLDG AVAIL ALSO. PRESENT ALL OFFERS.EXCELLENT POTENTIAL!
Status Change Information
Status Change Timestamp: 2008-02-19
Buyer Financing: Conventional
Concessions Amount: 0
Major Change Timestamp: 2008-02-16T00:25:22Z
Major Change Type: Status Change
Purchase Contract Date: 2007-12-12
Close Date: 2008-02-15
Close Price: 800000
Appliances
Gas Water Heater: 1
Water Heater: 1
Basement
Full: 1
Book Information
Liber/Book: 4002
Page: 311
Section: 48.331
Construction Materials
Brick: 1
Stone: 1
Cooling
Central Air: 1
Window Unit(s): 1
Flooring
Carpet: 1
Hardwood: 1
Other: 1
Heating
Natural Gas: 1
Steam: 1
Listing Terms
Lease Option: 1
Lot Features
City Lot: 1
Corner Lot: 1
Level: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Income and Expenses
Cap Rate: 8
Fuel Expense: 24680
Gross Scheduled Income: 199970
Insurance Expense: 4398
New Taxes Expense: 29500
Other Expense: 8500
Total Annual Expenses: 71263
Water Expense: 2387
Owner Pays
Taxes: 1
Tenant Pays
Electricity: 1
Building Features
Elevator(s): 1
Office SqFt: 13784
Business Type
Office Supply: 1
Professional/Office: 1
Retail: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
See Remarks: 1
Sale Includes
Building: 1
Showing Information
Showing Instructions: CALL L/A
Historical Information
UC Public Historical Remarks: Age: 61-100, Lease Type: Month To Month,Other
Location Tax and Legal
Street Number: 275
Street Name: Fair
State: NY
Zip Code: 12401
Town (Taxable): Kingston,City
Property Features
Appliances: Gas Water Heater; Water Heater
Basement: Full
Building Features: Elevator(s)
Business Type: Office Supply; Professional/Office; Retail
Construction Materials: Brick; Stone
Cooling: Central Air; Window Unit(s)
Flooring: Carpet; Hardwood; Other
Heating: Natural Gas; Steam
Listing Terms: Lease Option
Lot Features: City Lot; Corner Lot; Level
Owner Pays: Taxes
Sewer: Public Sewer
Showing Considerations: Occupied
Tenant Pays: Electricity
Showing Requirements: 24 Hour Notice; Appointment Only; See Remarks
Sale Includes: Building
Listing Courtesy of Past Member
Listing Agent: Joyce Brennan-zolnik