41 Livingston Street, Saugerties, NY 12477

26 Photos
 
$450,888 Sold Price
Sold on 1/24/2020
 
Listing ID 10677191
Property Type Multi-Unit (5+)
County Ulster
Total Tax $8,944
Tax ID 000000-018.061-0002-020.000
FEMA Flood Map fema.gov/portal
Year Built 1970
   
Virtual Tour
5-Unit Brick apartment building located in the Village of Saugerties, walk to all shops, eateries and festivals. All units are in good to very good condition, long terms tenants and apartments all show really well. Most units have updated kitchens and baths, there is a newer high efficiency natural gas boiler that does heat and hot water. Owner pays all utilities although it appears there is separate panels in the basement for electricity for each unit, a buyer may be able to separated the electric for each unit fairly easily if desired. Cap rate at asking price is 11.87% including all expenses, 3% vacancy, 3% repair/maintenance and all other expenses.
Property Details
  • 0.14 Acres
  • Built in 1970
  • 5 Units
Unit Information
Unit #1 – Rent Price: 975, Bedrooms: 1, Full Baths: 1
Unit #2 – Rent Price: 980, Bedrooms: 1, Full Baths: 1
Unit #3 – Rent Price: 1250, Bedrooms: 3, Full Baths: 1
Unit #4 – Rent Price: 1100, Bedrooms: 2, Full Baths: 1
Unit #5 – Rent Price: 1250, Bedrooms: 3, Full Baths: 1
Income/Expenses
  • Gross Income $67,660
  • Net Income $42,428
  • Insurance Exp $2,550
Taxes and Fees
  • $5,184 School Tax
  • $2,261 County Tax
  • $1,499 Village Tax
  • $8,944 Total Tax
Sale Information
  • Sold on 1/24/2020
  • Sold for $450,888
  • Buyer's Agent: Alan Kessler
  • Company: Win Morrison Realty - S
Previously Listed By
Win Morrison Realty
Office: 845-339-9999
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