5365 Route 32, Catskill, NY 12414 (MLS# 20191129)
$1,280,000
Catskill, NY 12414
MLS# 20191129
Status: Closed
16423 sqft
1 / 24
Property Description
This property has a lot to offer - 36 acres, 20 studio apts, 7 other apts, a motel, stores, storage rentals and workshop. All units are rented and there's still potential for more income. Situated on both sides of Route 32 with ample road frontage. Only 8 miles from NY Thruway. Positive cash flow, many long term tenants.
Details
Contract Information
Current Price: $1,280,000
Original List Price: 1595000
Sold Price: $1,280,000
Status: Closed
Listing Contract Date: 2019-04-04
Property Sub Type: Business
Listing Agreement: Exclusive Right To Sell
Owner Name: North Point Creek
Owner Phone: c/o LA
General Property Information
Number Of Units Total: 28
Living Area: 16423
Year Built: 1950
Lot Size Acres: 36
Lot Size Dimensions: 36 Acres
Sign On Property YN: No
List Price/SqFt: 97.12
Sold Price/SqFt: 77.94
Remarks and Miscellaneous
Public Remarks: This property has a lot to offer - 36 acres, 20 studio apts, 7 other apts, a motel, stores, storage rentals and workshop. All units are rented and there's still potential for more income. Situated on both sides of Route 32 with ample road frontage. Only 8 miles from NY Thruway. Positive cash flow, many long term tenants.
Status Change Information
Major Change Timestamp: 2020-07-29T00:17:06Z
Major Change Type: Status Change
Status Change Timestamp: 2020-07-28
Purchase Contract Date: 2019-12-02
Close Date: 2020-07-28
Close Price: 1280000
Buyer Financing: Conventional
Book Information
Liber/Book: 1189
Page: 87
Section: 153
Income and Expenses
Cap Rate: 10
Gross Scheduled Income: 247440
Net Operating Income: 156966
Showing Information
Showing Instructions: Call Listing Agent
Historical Information
UC Public Historical Remarks: Age: 61-100, Water Source: Drilled Well
Location Tax and Legal
Street Number: 5365
Street Name: Route 32
State: NY
Zip Code: 12414
Town (Taxable): Greene
Property Features
Appliances: Electric Water Heater; Water Heater
Basement: Full
Construction Materials: Frame
Heating: Electric; Oil
Other Structures: Second Residence; Workshop; Other
Owner Pays: All Utilities
Sewer: Septic Tank
Showing Considerations: Occupied
Showing Requirements: Call Listing Agent
Listing Courtesy of Amodio Real Estate & Prop
Listing Agent: Angela Galetto