Commercial in Ulster
| MLS Number | 6259949 |
|---|---|
| Address | 53 Main Street, New Paltz, NY 12561 show map |
| Price | $1,495,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1894 |
| Est. Sq. Footage | 0 |
| Zoning | B2 |
| Current Uses | |
| Permitted Uses |
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.
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