Listing by: Reading Realty, 845-901-1640
Located in the center of New Paltz, a thriving tourist and college town. Two commercial spaces; restaurant and retail sales on first floor. Two 4 bedroom apartments on second floor. Restaurant (Zaytune Cafe) has very good reviews for Mediterranean food, and Heddy Teddy is a successful clothing/gift shop. Zaytune has 5 year lease (6/21 to 5/26) w/ renewal option for additional 5 years. Zaytune pays $3,860 as of June 2023). Heady Teddy is in second year of a 5 year renewal, and pays $3,675 per month. Tenants on second floor (2 apartments) pay $3,055 and $3,180 for a total of $6,235 per month. Building total rent is $13,860 per month or $166,320 per year. Excellent location, high visibility.
H6259949
Retail, Business Opportunities, Other
Ulster
1894
Public
Public Sewer
4,560
Sq. Ft.
4 Total
Interior Features
- Cooling
- Zoned, Window Unit(s)
- Heating
- Electric Heating, Oil. Baseboard, Hot Water.
Exterior / Lot Features
- Zoning
- B2
Financial Considerations
86.143-1-8
$20,100
Arrows indicate 90 day trend
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