3 Main Street
Wassaic, NY 12592
$1,800,000
Price
—
Beds
11,388 Sq. Ft.
$158 / Sq. Ft.
11,388
Sq. Ft.
$158
per Sq. Ft.
Listed By Compass
Listed By Compass
Description
This barn has been meticulously and creatively restored by the owners, a Manhattan-based architect and designer, who teamed up with exceptional carpenters and local tradespeople, leaving no detail overlooked.
With actual rents plus rental projections giving this property an 8.8% cap rate, this is a special turnkey investment property which can immediately start cash flowing.
The artfully renovated first floor of the barn offers 4,800 square feet of versatile leasable space, directly accessible from...This barn has been meticulously and creatively restored by the owners, a Manhattan-based architect and designer, who teamed up with exceptional carpenters and local tradespeople, leaving no detail overlooked.
With actual rents plus rental projections giving this property an 8.8% cap rate, this is a special turnkey investment property which can immediately start cash flowing.
The artfully renovated first floor of the barn offers 4,800 square feet of versatile leasable space, directly accessible from the street and protected by a covered porch. The space can be subdivided into as many as four distinct retail storefronts, and has plumbing stubbed out. Featuring concrete floors and abundant windows, the space is designed to provide a modern yet rustic charm, ideal for a variety of businesses and ready for build-out based upon their own unique use. Retail space market value is currently leasing between $18-25/sq ft in comparable spaces.
Above the retail area lies the hauntingly beautiful event space, filled with preserved history and details that can provide a stunning backdrop for any event. This space has been meticulously restored and preserved to keep as much of the original barn as possible.
Originally designed as a receiving platform to load and unload coal, grain, and lumber from the passing train, the large doors that once perfectly aligned with freight cars are still intact. The timbers in the loft are charred black, an ancient Japanese finishing technique called shou sugi ban, which is naturally resistant to mold, mildew, and insects. The structure has been evaluated by structural engineers, architects, and timber specialists, is sound and in excellent structural condition, with little to no sagging or deflection.
When designing the overhead lighting for the soaring 20 foot tall ceilings, the designers installed lighting mimicking the constellations of Polaris, Ursa Minor, and neighboring stars, suspended at various heights creating a breathtaking magical atmosphere. Event space market value is estimated around $10,000 per event.
Occupying the market and kitchen space is the cornerstone tenant, Vitsky Bakery. Beloved by locals and visitors alike, people travel near and far just to get their hands on one of their famous cardamom buns or other treats. Lines can often be seen wrapping around the block, a testament not only to the success of the bakery but also of the area's potential. Vitsky Bakery is currently operating on a month-to-month lease at $2,400/month.
This market space was designed with a high-end coffee service in mind. Custom cabinetry, flexible and adaptable shelving, and high-end commercial appliances, including a high-temperature dishwasher, built-in ice maker, reach-in drink cooler with glass door, and dedicated electrical and plumbing connections for a commercial espresso machine were thoughtfully installed. Standout features also include new double insulated windows, sonos speaker sound system, and a custom fabricated Alaskan yellow cedar front door. Cabinetry, paneling, and millwork was all designed by the seller and architect Matthew Schnepf, and custom fabricated by master carpenters.
The kitchen space includes extensive wiring and dedicated circuits for high-output appliances, a three-compartment sink with a hand spray, a vegetable wash sink, and a grease trap. Appliances include two True stainless steel reach-in refrigerators and one True stainless steel reach-in freezer. The outside storage shed holds extra storage space, as well as a 12x6 Coolbot Pro walk-in cooler.
Wassaic is located just two hours north of Manhattan by car or train and is the last stop on Metro-North's Harlem line, which runs every two hours, seven days a week, throughout the year. The Wassaic train station is also accessible by foot or bike via the recently completed Harlem Valley Rail Trail, which extends another 46 miles north passing through Amenia, Millerton, and Copake.
With actual rents plus rental projections giving this property an 8.8% cap rate, this is a special turnkey investment property which can immediately start cash flowing.
The artfully renovated first floor of the barn offers 4,800 square feet of versatile leasable space, directly accessible from...This barn has been meticulously and creatively restored by the owners, a Manhattan-based architect and designer, who teamed up with exceptional carpenters and local tradespeople, leaving no detail overlooked.
With actual rents plus rental projections giving this property an 8.8% cap rate, this is a special turnkey investment property which can immediately start cash flowing.
The artfully renovated first floor of the barn offers 4,800 square feet of versatile leasable space, directly accessible from the street and protected by a covered porch. The space can be subdivided into as many as four distinct retail storefronts, and has plumbing stubbed out. Featuring concrete floors and abundant windows, the space is designed to provide a modern yet rustic charm, ideal for a variety of businesses and ready for build-out based upon their own unique use. Retail space market value is currently leasing between $18-25/sq ft in comparable spaces.
Above the retail area lies the hauntingly beautiful event space, filled with preserved history and details that can provide a stunning backdrop for any event. This space has been meticulously restored and preserved to keep as much of the original barn as possible.
Originally designed as a receiving platform to load and unload coal, grain, and lumber from the passing train, the large doors that once perfectly aligned with freight cars are still intact. The timbers in the loft are charred black, an ancient Japanese finishing technique called shou sugi ban, which is naturally resistant to mold, mildew, and insects. The structure has been evaluated by structural engineers, architects, and timber specialists, is sound and in excellent structural condition, with little to no sagging or deflection.
When designing the overhead lighting for the soaring 20 foot tall ceilings, the designers installed lighting mimicking the constellations of Polaris, Ursa Minor, and neighboring stars, suspended at various heights creating a breathtaking magical atmosphere. Event space market value is estimated around $10,000 per event.
Occupying the market and kitchen space is the cornerstone tenant, Vitsky Bakery. Beloved by locals and visitors alike, people travel near and far just to get their hands on one of their famous cardamom buns or other treats. Lines can often be seen wrapping around the block, a testament not only to the success of the bakery but also of the area's potential. Vitsky Bakery is currently operating on a month-to-month lease at $2,400/month.
This market space was designed with a high-end coffee service in mind. Custom cabinetry, flexible and adaptable shelving, and high-end commercial appliances, including a high-temperature dishwasher, built-in ice maker, reach-in drink cooler with glass door, and dedicated electrical and plumbing connections for a commercial espresso machine were thoughtfully installed. Standout features also include new double insulated windows, sonos speaker sound system, and a custom fabricated Alaskan yellow cedar front door. Cabinetry, paneling, and millwork was all designed by the seller and architect Matthew Schnepf, and custom fabricated by master carpenters.
The kitchen space includes extensive wiring and dedicated circuits for high-output appliances, a three-compartment sink with a hand spray, a vegetable wash sink, and a grease trap. Appliances include two True stainless steel reach-in refrigerators and one True stainless steel reach-in freezer. The outside storage shed holds extra storage space, as well as a 12x6 Coolbot Pro walk-in cooler.
Wassaic is located just two hours north of Manhattan by car or train and is the last stop on Metro-North's Harlem line, which runs every two hours, seven days a week, throughout the year. The Wassaic train station is also accessible by foot or bike via the recently completed Harlem Valley Rail Trail, which extends another 46 miles north passing through Amenia, Millerton, and Copake.
Listing Agent
![Kate Quintard]()
kate.quintard@compass.comP: (347)-834-6634
Amenities
- Air Conditioning
- Concrete Floors
- Dishwasher
- Electric Heat
- Fireplace
- Hardwood Floors
- Hot Water Included
- Window AC Installed
LISTING UPDATED: 09/02/2024 11:58 PM
Property Details for 3 Main Street
| Status | Active |
|---|---|
| MLS # | 20242462 |
| Days on Market | 147 |
| Taxes | $3,216 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial Sale / Mixed Use |
| Year Built | 1920 |
| Lot Size | 0.57 AC / 24,829 SF |
| County | Dutchess County |
Building Information for 3 Main Street
Stories2Residences3Year Built1920Lot Size0.57 AC / 24,829 SF
Property Information for 3 Main Street
Summary
Location and General Information
- Sign On Property YN: Yes
- Road Surface Type: Paved
- Directions: turn onto main street from furnace bank road, and property is on the right- a big green barn
- Location Tax and Legal:Township: Amenia
- Zoning: HM
- Zoning Description: Hamlet Mixed-use
- MLS Area Major: Dutchess
- Street Name: Main
- Street Suffix: Street
- State: NY
- Zip Code: 12592
- County: Dutchess
- Latitude: 41.804069
- Longitude: -73.559671
- Unparsed Address: 3 Main Street, Wassaic, NY 12592
- Street Number: 3
- Location Tax and Legal:Zoning: HM
- General Property Information:Flood Plain YN: Yes
- General Property Information:Sign On Property YN: Yes
- Road Surface Type:Paved: Yes
Taxes and HOA
- Location Tax and Legal:General Tax: $989
- Location Tax and Legal:School Tax: $2,227
- Location Tax and Legal:Tax Annual Amount: $3,216
- Location Tax and Legal:Tax Assessed Value: $166,000
- Location Tax and Legal:Tax Lot: 87
- Location Tax and Legal:Tax Block: 1
- Tax Assessed Value: 166000
- Association Fee: $.00
- Parcel Number: 13200000716500010878070000
- Tax Block: 1
- Tax Lot: 87
- Tax Annual Amount: $3,216
Virtual Tour
- Total Virtual Tours Count: 0
Property
Lot Information
- Lot Size Acres: 0.57
- Lot Features: Landscaped, Near Public Transit, Views
- Structure Type: Flex, Mixed Use, Retail
- Total Floor Plans Count: 0
- Property Type: Commercial Sale
- Living Area: 11388.0
- Property Sub Type: Mixed Use
- Building Features: Private Restroom(s), High Speed Internet, Kitchen Facilities, Storage
- Lot Size Units: Acres
- Lot Size Square Feet: 24829.2
- General Property Information:Lot Size Acres: 0.57
- Lot Features:Landscaped: Yes
- Lot Features:Near Public Transit: Yes
- Lot Features:Stream On Lot: Yes
- Lot Features:Views: Yes
Property and Assessments
- Year Built: 1920
- Business Type: Administrative and Support, Advertising, Animal Grooming, Aquarium Supplies, Arts and Entertainment, Athletic, Bakery, Bar/Tavern/Lounge, Barber/Beauty, Books/Cards/Stationary, Butcher, Candy/Cookie, Carpet/Tile, Clothing, Commercial, Convenience Store, Decorator, Doughnut, Farm, Fitness, Florist/Nursery, Food & Beverage, Franchise, Furniture, Gift Shop, Grocery, Hardware, Health Food, Health Services, Hobby, Hospitality, Ice Cream/Frozen Yogurt, Jewelry, Liquor Store, Mixed, Music, Office Supply, Paints, Parking, Pet Store, Photographer, Pizza, Printing, Professional Service, Professional/Office, Real Estate, Recreation, Rental, Restaurant, Retail, Saddlery/Harness, Shopping Center, Sporting Goods, Toys, Variety
- Video Groups: 0
- Current Use:Commercial: Yes
- Current Use:Mixed Use: Yes
- Current Use:Retail: Yes
- Current Use:Vacant: Yes
- Business Type:Administrative and Support: Yes
- Business Type:Animal Grooming: Yes
- Business Type:Aquarium Supplies: Yes
- Business Type:Arts and Entertainment: Yes
- Business Type:Athletic: Yes
- Business Type:Bakery: Yes
- Business Type:Bar/Tavern/Lounge: Yes
- Business Type:Barber/Beauty: Yes
- Business Type:Books/Cards/Stationary: Yes
- Business Type:Butcher: Yes
- Business Type:Candy/Cookie: Yes
- Business Type:Carpet/Tile: Yes
- Business Type:Clothing: Yes
- Business Type:Commercial: Yes
- Business Type:Convenience Store: Yes
- Business Type:Decorator: Yes
- Business Type:Doughnut: Yes
- Business Type:Farm: Yes
- Business Type:Fitness: Yes
- Business Type:Florist/Nursery: Yes
- Business Type:Food & Beverage: Yes
- Business Type:Franchise: Yes
- Business Type:Furniture: Yes
- Business Type:Gift Shop: Yes
- Business Type:Grocery: Yes
- Business Type:Hardware: Yes
- Business Type:Health Food: Yes
- Business Type:Hobby: Yes
- Business Type:Hospitality: Yes
- Business Type:Ice Cream/Frozen Yogurt: Yes
- Business Type:Jewelry: Yes
- Business Type:Liquor Store: Yes
- Business Type:Mixed: Yes
- Business Type:Music: Yes
- Business Type:Office Supply: Yes
- Business Type:Paints: Yes
- Business Type:Parking: Yes
- Business Type:Pet Store: Yes
- Business Type:Photographer: Yes
- Business Type:Pizza: Yes
- Business Type:Printing: Yes
- Business Type:Professional Service: Yes
- Business Type:Real Estate: Yes
- Business Type:Recreation: Yes
- Business Type:Rental: Yes
- Business Type:Retail: Yes
- Business Type:Saddlery/Harness: Yes
- Business Type:Sporting Goods: Yes
- Business Type:Toys: Yes
Building Information
- Green Energy Efficient: Lighting
- Other Structures:Shed(s): Yes
- Structure Type:Flex: Yes
- Structure Type:Mixed Use: Yes
- Structure Type:Retail: Yes
Utilities
- Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Water Available, Water Connected, Propane
- Water Source: Well
- Electric:200+ Amp Service: Yes
- Sewer:Septic Tank: Yes
- Utilities:Cable Available: Yes
- Utilities:Cable Connected: Yes
- Utilities:Electricity Available: Yes
- Utilities:Electricity Connected: Yes
- Utilities:Natural Gas Available: Yes
- Utilities:Phone Available: Yes
- Utilities:Water Available: Yes
- Utilities:Water Connected: Yes
- Water Source:Well: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Concrete, Frame, Wood Siding
- Exterior Features: Awning(s), Lighting, Private Entrance, Smart Camera(s)/Recording
- Fencing: None
- Other Structures: Shed(s), Storage
- Security Features: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)
- Construction Materials:Concrete: Yes
- Construction Materials:Frame: Yes
- Construction Materials:Wood Siding: Yes
- Exterior Features:Awning(s): Yes
- Exterior Features:Private Entrance: Yes
- Exterior Features:Smart Camera(s)/Recording: Yes
- Fencing:None: Yes
- Roof:Metal: Yes
- Security Features:Carbon Monoxide Detector(s): Yes
- Security Features:Smoke Detector(s): Yes
- Building Features:High Speed Internet: Yes
- Building Features:Kitchen Facilities: Yes
Interior Features
- Stories: 2
- Basement YN: No
- Cooling: Electric, Wall/Window Unit(s)
- Flooring: Combination, Concrete, Wood
- Foundation Details: Concrete Perimeter
- Heating: Electric, Propane
- Bathrooms Total (Integer): 0
- Bathrooms Total (Decimal): 0
- Bathrooms Total (Notational): 0
- Cooling: Yes
- Heating: Yes
- General Property Information:Basement YN: No
- General Property Information:Stories: 2
- Appliances:Dishwasher: Yes
- Appliances:Free-Standing Refrigerator: Yes
- Appliances:Instant Hot Water: Yes
- Appliances:Range: Yes
- Appliances:Refrigerator: Yes
- Appliances:Smart Appliance(s): Yes
- Appliances:Stainless Steel Appliance(s): Yes
- Appliances:Tankless Water Heater: Yes
- Appliances:Water Heater: Yes
- Appliances:Water Purifier: Yes
- Appliances:Water Purifier Owned: Yes
- Cooling:Wall/Window Unit(s): Yes
- Electric: True
- Flooring:Combination: Yes
- Flooring:Concrete: Yes
- Flooring:Wood: Yes
- Foundation Details:Concrete Perimeter: Yes
- Heating:Electric: Yes
Multi Family
Multi-Family Information
- Number of Units: 3
- General Property Information:Number Of Units Total: 3.0
Financial Infomation
Income & Expenses
- Net Operating Income: $25,608
- Cap Rate: 8.80%
- Income and Expenses:Financials Available Y/N: Yes
- Income and Expenses:Cap Rate: 8.80%
- Income and Expenses:Net Operating Income: $25,608
Agent
Sale and Listing
- DOM: 102
- MLS Approval Status: Yes
- Owner Pays: All Utilities
- Current Use: Commercial, Mixed Use, Retail, Vacant
- Contract Information:Owner Name: wassaic commons llc
- Book Information:Section: 1881-209
- Sale Includes:Building: Yes
- Sale Includes:Fixture(s): Yes
Rental
Rental Information
- Existing Lease Type:Gross: Yes
- Owner Pays:All Utilities: Yes
Property History for 3 Main Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3 Main Street
Taxable ValueLand$47,000Additions$119,000Total$166,000
Tax Record2020$2,902 ($242 / month)
Home Facts
Lot Size24,829 SqFtStyleWarehouseZoningHMCountyDUTCHESSAPN132000 7165-01-087807-0000
Schools near 3 Main Street
This home is within Northeast Central School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 3 | |||
| Public - | 4 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Webutuck Elementary School PublicPK to 3 | ||
Eugene Brooks Middle School Public4 to 8 | ||
Webutuck High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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