316 Wall Street, Kingston, NY 12401

26 Photos
 
$1,600,000 List Price
Off Market
 
Listing ID 10937046
Property Type Multi-Unit (2-4)
County Ulster
Total Tax $16,734
Tax ID 000000-048.331-0002-009.000
FEMA Flood Map fema.gov/portal
Year Built 1920
   
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Uptown Kingston mixed use building featuring a fully equipped turn-key restaurant/bar with two NYC loft style apartments, one on the second and third floor. Thriving restaurant has recently closed due to owner relocation (business is for sale asking $100,000 and $7,000 month rent). Second floor apartment has been completely renovated offering 1 bedroom, two full bathrooms and a rooftop deck (could easily be a 2 bedroom apartment) and is currently rented for $2,200 a month with the tenant paying all utilities. Third floor apartment is currently one unit, 2-3 bedroom with two full baths (but was split into two 1-bedroom apartments in the past), available for rent at $2,500 with electric included. In this unit there are two full bathrooms, 1 kitchen and laundry area that was previously the second kitchen, unit could easily be converted back into two apartments. Income and expense sheet reflects current status of building with projected rents as a commercial space and 2 apartments. See associated docs for income and expense at asking price. Full basement with high ceilings is great for storage, has full beer cooler and office. The exterior offers a front patio facing Wall Street and a rear patio facing Fair Street (could be used as parking or additional seating).
Property Details
  • 0.07 Acres
  • Built in 1920
  • 3 Units
Unit Information
Unit #1 – Gross Area: 2500, Rent Price: 7000, Full Baths: 2, Occupied
Unit #2 – Gross Area: 1500, Rent Price: 2200, Bedrooms: 1, Full Baths: 2
Unit #3 – Gross Area: 1500, Rent Price: 2500, Bedrooms: 2, Full Baths: 2
Taxes and Fees
  • $10,329 School Tax
  • $6,508 County Tax
  • $16,734 Total Tax
Previously Listed By
Win Morrison Realty
Office: 845-339-9999
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