53 Main Street, New Paltz, NY 12561
- $1,495,000
- List Price
- $1,495,000
- Price Change
- ▼ $100,000 1695331650
- Days on Market
- 288
- MLS#
- H6259949
- Status
- ACTIVE
- Property Type
- Retail
- Year Built
- 1894
- Property Tax
- $20,100
- Neighborhood
- New Paltz
- School District
- New Paltz
Property Description
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.
Additional Information
- Heating
- Oil, Baseboard, Hot Water
- Cooling
- Zoned, Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Robert M. Gabrielli (ReadingRealty@gmail.com) from Listing Office: Reading Realty.
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