40 Mill Hill, 10 Deming St., Woodstock, NY 12498 (MLS# 20212248)
$1,500,000
Woodstock, NY 12498
MLS# 20212248
Status: Closed
9635 sqft
1 / 33
Property Description
HUGE PRICE REDUCTION OF $600,000 PLUS SELLERS WILL HOLD PAPER WITH 50% DOWN. This listing includes 40 Mill Hill Road and 10 Deming Street behind it. 40 Mill Hill has 4 retail spaces including an Indian Restaurant downstairs. Upstairs includes 3 good size professional office spaces which could become 3 nice rental apartments if the new buyer chooses to change the use. The 10 Deming St. building consists of 2 active businesses on 2 floors, that also could be converted into rental apartments, and a large private parking lot. Rare to find large parking areas in Woodstock. A total of 9 rental units, fully occupied. These 2 properties are offered for sale for the first time in decades. Great opportunity to invest in this vibrant town. The potential is endless!! Total square footage of both buildings is 9,635.sq. ft. HEAT and ELECTRIC paid by tenants. Right now this is the most important commercial property for sale at a great in- town location. Walk to everything in this wonderful town. Restaurants, galleries, heath food store, pharmacies, banks, hiking trails, music, unique retail shops, weekend flea market, NYC bus stop.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Badner
Owner Phone: C/O L/A
Current Price: $1,500,000
Original List Price: 2500000
Sold Price: $1,500,000
Status: Closed
Listing Contract Date: 2021-06-16
Property Sub Type: Retail
Location, Tax, and Legal
Street Additional Info: 10 Deming St.
Township: Woodstock
General Tax: 11126
School Tax: 13141
Tax Annual Amount: 24267
Tax Assessed Value: 825000
Tax Legal Description: 7,4,40 Mill Hill
Tax Lot: 7
Tax Block: 4
Zoning Description: Commercial
Directions: 40 Mill Hill Road in town on corner of busy Mill Hill Road, (Route 212) and Deming St.
General Property Information
Number Of Units Total: 10
Lot Size Acres: 0.28
Lot Size Dimensions: .28
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: 197.2
Sold Price/SqFt: 155.68
Living Area: 9635
Year Built: 1975
Remarks and Miscellaneous
Public Remarks: HUGE PRICE REDUCTION OF $600,000 PLUS SELLERS WILL HOLD PAPER WITH 50% DOWN. This listing includes 40 Mill Hill Road and 10 Deming Street behind it. 40 Mill Hill has 4 retail spaces including an Indian Restaurant downstairs. Upstairs includes 3 good size professional office spaces which could become 3 nice rental apartments if the new buyer chooses to change the use. The 10 Deming St. building consists of 2 active businesses on 2 floors, that also could be converted into rental apartments, and a large private parking lot. Rare to find large parking areas in Woodstock. A total of 9 rental units, fully occupied. These 2 properties are offered for sale for the first time in decades. Great opportunity to invest in this vibrant town. The potential is endless!! Total square footage of both buildings is 9,635.sq. ft. HEAT and ELECTRIC paid by tenants. Right now this is the most important commercial property for sale at a great in- town location. Walk to everything in this wonderful town. Restaurants, galleries, heath food store, pharmacies, banks, hiking trails, music, unique retail shops, weekend flea market, NYC bus stop.
Status Change Information
Status Change Timestamp: 2022-06-21
Buyer Financing: Cash
Concessions Amount: 0
Major Change Timestamp: 2022-06-21T18:24:19Z
Major Change Type: Status Change
Purchase Contract Date: 2022-04-01
Close Date: 2022-06-21
Close Price: 1500000
Appliances
Electric Water Heater: 1
Water Heater: 1
Other: 1
Basement
Full: 1
Other: 1
Book Information
Liber/Book: 2694
Page: 110
Section: 27.55
Construction Materials
Frame: 1
Cooling
Ductless: 1
Wall Unit(s): 1
Flooring
Carpet: 1
Wood: 1
Other: 1
Heating
Baseboard: 1
Electric: 1
Propane: 1
Listing Terms
Cash: 1
Lease Option: 1
Other Structures
Other: 1
See Remarks: 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
Cap Rate: 5
Gross Scheduled Income: 124200
Net Operating Income: 94250
Owner Pays
Taxes: 1
Tenant Pays
All Utilities: 1
Building Features
Public Restroom(s): 1
Window Display: 1
Business Type
Health Food: 1
Office Supply: 1
Professional/Office: 1
Retail: 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: Call or text L/A
Historical Information
UC Public Historical Remarks: Garage/Parking Extras: LOT-PAVED,OFF STREET,Parking Spaces 20+, Age: 41-60, Lease Type: Month To Month,One Year, Lot/Site: Hamlet/village
Location Tax and Legal
Street Number: 40
Street Name: Mill
Street Suffix: Hill
County: Ulster
State: NY
Zip Code: 12498
Town (Taxable): Woodstock
Property Features
Appliances: Electric Water Heater; Water Heater; Other
Basement: Full; Other
Building Features: Public Restroom(s)
Business Type: Health Food; Office Supply; Professional/Office; Retail
Construction Materials: Frame
Cooling: Ductless; Wall Unit(s)
Documents Available: Survey
Flooring: Carpet; Wood; Other
Heating: Baseboard; Electric; Propane
Listing Terms: Cash; Lease Option
Other Structures: Other; See Remarks
Owner Pays: Taxes
Road Frontage Type: City Street; State Road
Road Surface Type: Paved
Sewer: Public Sewer
Showing Considerations: Occupied
Tenant Pays: All Utilities
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Sale Includes: Building
Listing Courtesy of Win Morrison Realty - W
Listing Agent: Richard Miller