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Listed by: Gene Rios Realty LLC
$ 875,000
Est. payment | /mo
2 Baths
3,663 SqFt
$ 875,000
Est. payment | /mo
2 Baths
3,663 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,663 sqft
Price per Sqft $238
MLS Listing ID 20262414
Year Built 1955
Annual Tax Amount $7,085
Tax Year 7085
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 42x114
Property Sub-Type Mixed Use
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Rare opportunity to acquire a fully income-producing mixed-use package in the heart of Port Ewen, New York. 156 Broadway is being sold together with its neighboring adjacent property at 154 Broadway (multi family) as a package for 875,000 producing generous net operaing income. Located in the Town of Esopus, Ulster County, this two-property offering delivers immediate cash flow, a diversified tenant mix, and meaningful upside through the lease-up of one vacant commercial space -- all with convenient access to the Kingston Waterfront, the Rondout District, and major regional corridors. 154 Broadway is a fully renovated two-family residential property with both units currently leased and generating strong monthly income. Both units have been comprehensively updated with new kitchens, renovated bathrooms, new hardwood flooring, and energy-efficient on-demand hot water heaters. Exposed brick detailing throughout adds character and a premium aesthetic that commands above-market rents in the Port Ewen submarket. Tenants pay all utilities, maximizing net operating income to the owner. The property sits on an oversized lot offering ample off-street parking and additional storage -- a genuine differentiator in a walkable village setting. 156 Broadway is a versatile mixed-use property consisting of a leased front commercial studio and a rear commercial space that will be available for lease-up upon the close of sale. The front studio is currently occupied by an established creative tenant with utilities included in the lease. The space features high ceilings, an open floor plan, and large street-facing display windows, lending itself to a wide range of studio, creative, or professional uses. The rear commercial space is a well-equipped workshop and fabrication environment outfitted with three-phase electric service and a new Reznor heating system -- infrastructure that would cost significantly more to replicate and that positions the space to attract quality commercial tenants at competitive market rents. A dedicated storage shed at the rear of the property conveys with the sale.
This package offering delivers strong in-place income with additional upside upon lease-up of the rear commercial space. The offering is well suited for an investor seeking a stabilized income base with a clear value-add component, or an owner-occupant looking to operate from a well-infrastructured commercial space while the residential units service the debt. Complete financials including income, expenses, and pro forma projections are available upon request.
Port Ewen continues to benefit from strong Hudson Valley rental demand, proximity to Kingston's growing arts, dining, and hospitality corridor, and limited investment-grade inventory at this price point. Both units occupied on 154 broadway.
This package offering delivers strong in-place income with additional upside upon lease-up of the rear commercial space. The offering is well suited for an investor seeking a stabilized income base with a clear value-add component, or an owner-occupant looking to operate from a well-infrastructured commercial space while the residential units service the debt. Complete financials including income, expenses, and pro forma projections are available upon request.
Port Ewen continues to benefit from strong Hudson Valley rental demand, proximity to Kingston's growing arts, dining, and hospitality corridor, and limited investment-grade inventory at this price point. Both units occupied on 154 broadway.
Location
State NY
County Ulster
Area Port Ewen
Zoning BC
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air, Wall Unit(s)
Flooring Concrete, Hardwood
Exterior
Roof Type Metal
Building
Foundation Slab
Sewer Public Sewer
Water Public
Others
Tax ID 56.59-3-14
NEARBY SCHOOL & BUSINESS
