753-759 Broadway, Kingston, NY 12401 (MLS# 20110612)
$1,085,000
Kingston, NY 12401
MLS# 20110612
Status: Closed
15000 sqft
1 / 1
Property Description
SOLID 19 UNIT APARTMENT COMPLEX CENTRALLY LOCATED NEAR HISTORIC UPTOWN & NYS THRUWAY EXIT 19 KINGSTON. PROPERTY IS COMPRISED OF TWO BRICK BUILDINGS, A 17 UNIT, 3 STORY & ADJACENT 2 UNIT, 2 STORY. COMPLEX HAS AMPLE PARKING FOR 40 + CARS & GREAT ACCESSIBILITY TO SHOPPING, PUBLIC TRANSPORTATION & MAJOR COMMUTER ROADWAYS. EACH APARTMENT HAS ITS OWN HEATING SYSTEM & ELECTRIC METER. OWNER PAYS FOR HOT WATER & COMMON AREA ELECTRIC. MOST UNITS HAVE BEEN RENOVATED W/ FRESH PAINT & NEW APPLIANCES.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: CHESTER PROP INC
Owner Phone: C/O LR
Occupant Name: TENANTS
Current Price: $1,085,000
Original List Price: 1499000
Sold Price: $1,085,000
Status: Closed
Listing Contract Date: 2011-02-18
Property Sub Type: Other
Location, Tax, and Legal
Elementary School: G.Washington K-4
General Tax: 17600
School Tax: 19880
Tax Assessed Value: 1080000
Tax Legal Description: 3.100, 2, 753-759 BROADWAY
Tax Lot: 3.100
Tax Block: 2
Zoning Description: COMMERCIAL
Directions: FROM NYS THRUWAY EXIT 19 KINGSTON, TAKE TRAFFIC CIRCLE TO COL CHANDLER DR. TO END, GO THRU LIGHT, PROP. ON RIGHT.
General Property Information
Business Name: FRANKLIN APARTMENTS
Number Of Units Total: 19
Lot Size Acres: 0.6
Lot Size Dimensions: 168X155
Accessibility Features YN: Yes
Sign On Property YN: No
List Price/SqFt: 93.27
Sold Price/SqFt: 72.33
Living Area: 15000
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: SOLID 19 UNIT APARTMENT COMPLEX CENTRALLY LOCATED NEAR HISTORIC UPTOWN & NYS THRUWAY EXIT 19 KINGSTON. PROPERTY IS COMPRISED OF TWO BRICK BUILDINGS, A 17 UNIT, 3 STORY & ADJACENT 2 UNIT, 2 STORY. COMPLEX HAS AMPLE PARKING FOR 40 + CARS & GREAT ACCESSIBILITY TO SHOPPING, PUBLIC TRANSPORTATION & MAJOR COMMUTER ROADWAYS. EACH APARTMENT HAS ITS OWN HEATING SYSTEM & ELECTRIC METER. OWNER PAYS FOR HOT WATER & COMMON AREA ELECTRIC. MOST UNITS HAVE BEEN RENOVATED W/ FRESH PAINT & NEW APPLIANCES.
Status Change Information
Status Change Timestamp: 2011-04-15
Buyer Financing: Other
Concessions Amount: 0
Major Change Timestamp: 2011-04-15T23:27:57Z
Major Change Type: Status Change
Purchase Contract Date: 2011-03-08
Close Date: 2011-04-15
Close Price: 1085000
Appliances
Gas Water Heater: 1
Water Heater: 1
Basement
Full: 1
Book Information
Liber/Book: 4226
Page: 312
Section: 56.92
Construction Materials
Brick: 1
Stone: 1
Cooling
Central Air: 1
Electric
200+ Amp Service: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Hardwood: 1
Other: 1
Heating
Forced Air: 1
Natural Gas: 1
Listing Terms
Lease Option: 1
Lot Features
City Lot: 1
Level: 1
Other Structures
Second Garage: 1
Second Residence: 1
Other: 1
See Remarks: 1
Security Features
Fire Alarm: 1
Security System: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Income and Expenses
Cap Rate: 8
Fuel Expense: 6693
Gross Income: 15476
Gross Scheduled Income: 185712
Insurance Expense: 4600
Net Operating Income: 119583
New Taxes Expense: 37480
Other Expense: 1200
Supplies Expense: 2000
Total Annual Expenses: 66129
Trash Expense: 2640
Water Expense: 5517
Owner Pays
Taxes: 1
Tenant Pays
Electricity: 1
Building Features
Laundry Room: 1
Skylight(s): 1
Window Display: 1
Business Type
Residential: 1
Showing Requirements
Call Listing Agent: 1
Sale Includes
Building: 1
Showing Information
Showing Instructions: CALL GREG 389-7895
Historical Information
UC Public Historical Remarks: Garage/Parking Extras: DRIVEWAY,LOT-PAVED, Age: 41-60, Lease Type: One Year, Terms: To Qual. Buyer
Location Tax and Legal
Street Number: 753-759
Street Name: Broadway
State: NY
Zip Code: 12401
Town (Taxable): Kingston,City
Property Features
Appliances: Gas Water Heater; Water Heater
Basement: Full
Building Features: Laundry Room; Skylight(s)
Business Type: Residential
Construction Materials: Brick; Stone
Cooling: Central Air
Electric: 200+ Amp Service
Flooring: Carpet; Ceramic Tile; Hardwood; Other
Heating: Forced Air; Natural Gas
Listing Terms: Lease Option
Lot Features: City Lot; Level
Other Structures: Second Garage; Second Residence; Other; See Remarks
Owner Pays: Taxes
Security Features: Fire Alarm; Security System; Smoke Detector(s)
Sewer: Public Sewer
Showing Considerations: Occupied
Tenant Pays: Electricity
Showing Requirements: Call Listing Agent
Sale Includes: Building
Listing Courtesy of Win Morrison Realty-K
Listing Agent: Gregory Berardi