78-88 Spring Street, Kingston, NY 12401 (MLS# 20201914)
$1,900,000
Kingston, NY 12401
MLS# 20201914
Status: Closed
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Property Description
Newly renovated 4 story with six (6) 2,100 sq. ft. and six (6) 1,100 sq. ft. apartments in a remarkable 1860 Empire style building Historically one of its kind in the City of Kingston, as listed on the Historic Landmarks Preservation registry, in the picturesque Historic District called The Rondout Waterfront and walking distance to the Waterfront on the Rondout, Yacht Basin, antique shops, art galleries, restaurants, and parks. The apartment has stainless steel appliances including built-in microwave with the original wood floors restored to life. Additionally, Thermo windows, plumbing, some with electric baseboard heating and some with split mini heating/cooling systems. Hardwood flooring . New bathroom, water-efficient toilets. There’s a large open space rooms with hardwood floors. Tenant Pays Utilities - Landlord provides Trash Removal and property maintenance
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Tubby Row Inc
Owner Phone: Call Agent
Current Price: $1,900,000
Original List Price: 2250000
Sold Price: $1,900,000
Status: Closed
Listing Contract Date: 2020-06-17
Property Sub Type: Multi Family
Location, Tax, and Legal
Township: City of Kingston
General Tax: 11935
School Tax: 18942
Tax Assessed Value: 990000
Tax Legal Description: 8,10,78-88 Spring
Parcel Number: 56.42-10-8
Tax Lot: 8
Tax Block: 10
Zoning Description: RT
Directions: Broadway to Spring St on left.
General Property Information
Number Of Units Total: 12
Lot Size Acres: 0.39
Lot Size Dimensions: 16,988
Association YN: No
Garage YN: No
Garage Spaces: 0
Water Body Name: HUDSON RIVER
Sign On Property YN: No
Year Built: 1860
Remarks and Miscellaneous
Public Remarks: Newly renovated 4 story with six (6) 2,100 sq. ft. and six (6) 1,100 sq. ft. apartments in a remarkable 1860 Empire style building Historically one of its kind in the City of Kingston, as listed on the Historic Landmarks Preservation registry, in the picturesque Historic District called The Rondout Waterfront and walking distance to the Waterfront on the Rondout, Yacht Basin, antique shops, art galleries, restaurants, and parks. The apartment has stainless steel appliances including built-in microwave with the original wood floors restored to life. Additionally, Thermo windows, plumbing, some with electric baseboard heating and some with split mini heating/cooling systems. Hardwood flooring . New bathroom, water-efficient toilets. There’s a large open space rooms with hardwood floors. Tenant Pays Utilities - Landlord provides Trash Removal and property maintenance
Status Change Information
Status Change Timestamp: 2021-01-29
Buyer Financing: Conventional
Concessions Amount: 0
Major Change Timestamp: 2021-01-30T01:06:47Z
Major Change Type: Status Change
Purchase Contract Date: 2020-07-28
Close Date: 2021-01-29
Close Price: 1900000
Appliances
Electric Water Heater: 1
ENERGY STAR Qualified Appliances: 1
Microwave: 1
Range: 1
Refrigerator: 1
Attic Features
Finished: 1
Walk-In Attic: 1
Basement
Concrete: 1
Finished: 1
Full: 1
Walk-Out Access: 1
Book Information
Liber/Book: 6189
Page: 294
Section: 56-42
Construction Materials
Brick: 1
Cooling
Ductless: 1
Window Unit(s): 1
Electric
200+ Amp Service: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Heating
Baseboard: 1
Electric: 1
Wall Furnace: 1
Interior Features
Eat-in Kitchen: 1
High Speed Internet: 1
Low Flow Plumbing Fixtures: 1
Walk-In Closet(s): 1
Laundry Features
Gas Dryer Hookup: 1
Washer Hookup: 1
Listing Terms
Lease Option: 1
Lot Features
City Lot: 1
Patio And Porch Features
Deck: 1
Patio: 1
Plumbing
Aqua-Pex: 1
Copper: 1
Mixed: 1
Roof
Asphalt: 1
Shingle: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Structure Type
Townhouse: 1
Utilities
Cable Available: 1
Water Source
Public: 1
Documents Available
Rent Roll: 1
Income and Expenses
Cap Rate: 8
Gross Scheduled Income: 232800
Monthly Income: 19400
Net Operating Income: 180060
New Taxes Expense: 30877
Other Income: 0
Total Annual Expenses: 45740
Owner Pays
Repairs: 1
Taxes: 1
Trash Collection: 1
Other: 1
Tenant Pays
All Utilities: 1
Unit 1 Information
Actual Rent: 2000
Baths Full: 3
Baths Total: 3
Beds Total: 4
Square Feet: 2100
Leased YN: 1year
Unit Lease Terms: 1year
Unit 2 Information
Actual Rent: 2000
Baths Full: 3
Baths Total: 3
Beds Total: 4
Square Feet: 2100
Unit Lease Terms: 1year
Unit 3 Information
Actual Rent: 1700
Baths Full: 3
Baths Total: 3
Beds Total: 4
Square Feet: 2100
Unit Lease Terms: 1year
Unit 4 Information
Actual Rent: 1800
Baths Full: 3
Baths Total: 3
Beds Total: 4
Square Feet: 2100
Unit Lease Terms: 1year
Unit 5 Information
Actual Rent: 2100
Baths Full: 3
Baths Total: 3
Beds Total: 4
Square Feet: 2100
Unit Lease Terms: 1year
Unit 6 Information
Actual Rent: 1800
Baths Full: 3
Baths Total: 3
Beds Total: 4
Square Feet: 22100
Unit Lease Terms: 1year
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Lockbox: 1
Showing Information
Showing Instructions: Call Agent
Historical Information
UC Public Historical Remarks: FIPS Code: NY111, Flooring: Wide Board, Kitchen Description: Cabinets Wood,Country, Age: 100-200, Style: Stone, Lease Type: One Year
Location Tax and Legal
Street Number: 78-88
Street Name: Spring
Street Suffix: Street
County: Ulster
State: NY
Zip Code: 12401
Town (Taxable): Kingston,City
Property Features
Appliances: Electric Water Heater; ENERGY STAR Qualified Appliances; Microwave; Range; Refrigerator
Attic Features: Finished; Walk-In Attic
Basement: Concrete; Finished; Full; Walk-Out Access
Construction Materials: Brick
Cooling: Ductless; Window Unit(s)
Documents Available: Rent Roll
Electric: 200+ Amp Service
Flooring: Ceramic Tile; Hardwood
Heating: Baseboard; Electric; Wall Furnace
Interior Features: Eat-in Kitchen; High Speed Internet; Low Flow Plumbing Fixtures; Walk-In Closet(s)
Laundry Features: Gas Dryer Hookup; Washer Hookup
Listing Terms: Lease Option
Lot Features: City Lot
Owner Pays: Repairs; Taxes; Trash Collection; Other
Patio And Porch Features: Deck; Patio
Plumbing: Aqua-Pex; Copper; Mixed
Roof: Asphalt; Shingle
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Considerations: Occupied
Structure Type: Townhouse
Tenant Pays: All Utilities
Utilities: Cable Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Lockbox
Listing Courtesy of Windsor Realty Services, Inc.
Listing Agent: Nicola Friedman