386-388 Main Street, Catskill, NY 12414 (MLS# 20223032)
$875,000
Catskill, NY 12414
MLS# 20223032
Status: Closed
7335 sqft
1 / 35
Property Description
Join the thriving riverfront community of Catskill! This lovely brick mixed use building has 2 storefronts, with 2 huge duplex apartments above (each occupying the 2nd and 3rd floors). Building is currently fully occupied with excellent financials, upon closing the larger duplex will be available and would make an excellent live/work situation or be easily rented. The building is on a very large village lot, with a patio area and plenty of green yard space. The current owners have lovingly and meticulously overseen the renovation which includes all low VOC paints, restoring the historical windows, adding insulation to the new rubber roof, a new high efficiency gas heating system, and much more. This is an excellent turn key property which will not last long.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Going Coastal Bkstore Ops
Owner Phone: 5183136936
Current Price: $875,000
Original List Price: 895000
Sold Price: $875,000
Status: Closed
Listing Contract Date: 2022-09-23
Property Sub Type: Mixed Use
Location, Tax, and Legal
Township: Catskill
School District: Catskill School District
General Tax: 1273
School Tax: 3605
Village Tax: 2614
Tax Annual Amount: 7492
Tax Assessed Value: 109700
Tax Legal Description: 34,2,386-388 Main
Tax Lot: 34
Tax Block: 2
Zoning: 05 - CC -.00
Directions: Main Street Catskill Between Thompson and William
General Property Information
Number Of Units Total: 4
Lot Size Acres: 18
Lot Size Dimensions: 173 x 45
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: 122.02
Sold Price/SqFt: 119.29
Living Area: 7335
Year Built: 1920
Remarks and Miscellaneous
Public Remarks: Join the thriving riverfront community of Catskill! This lovely brick mixed use building has 2 storefronts, with 2 huge duplex apartments above (each occupying the 2nd and 3rd floors). Building is currently fully occupied with excellent financials, upon closing the larger duplex will be available and would make an excellent live/work situation or be easily rented. The building is on a very large village lot, with a patio area and plenty of green yard space. The current owners have lovingly and meticulously overseen the renovation which includes all low VOC paints, restoring the historical windows, adding insulation to the new rubber roof, a new high efficiency gas heating system, and much more. This is an excellent turn key property which will not last long.
Status Change Information
Status Change Timestamp: 2023-01-07
Buyer Financing: Conventional
Concessions Amount: 0
Major Change Timestamp: 2023-01-06T19:25:32Z
Major Change Type: Status Change
Purchase Contract Date: 2022-11-04
Close Date: 2023-01-06
Close Price: 875000
Book Information
Liber/Book: 1459
Page: 47
Section: 156.78
Showing Considerations
Occupied: 1
Income and Expenses
Financials Available Y/N: Yes
Cap Rate: 7
Gross Income: 6550
Gross Scheduled Income: 78600
Net Operating Income: 61047
Showing Information
Showing Instructions: Showingtime 24 h not req
Historical Information
UC Public Historical Remarks: Age: 100-200
Location Tax and Legal
Street Number: 386-388
Street Name: Main
Street Suffix: Street
County: Greene
State: NY
Zip Code: 12414
Town (Taxable): Greene
Property Features
Showing Considerations: Occupied
Listing Courtesy of Coldwell Banker Village Green
Listing Agent: Aysa Morehead