55 Main Street

New Paltz, NY 12561

$1,495,000
Price
Beds
4,560 Sq. Ft.
$328 / Sq. Ft.
4,560
Sq. Ft.
$328
per Sq. Ft.

Description

Rare opportunity to acquire a core mixed-use property on the best block in Downtown New Paltz. Located immediately next door to the Main Street Bistro, 55 Main Street includes two leased ground floor commercial spaces and two 4BR apartments on the second floor. The first commercial space was beautifully renovated this year by Agave restaurant, and is under lease through May 2028. The second commercial space is leased through May 2027 to popular and established gift shop Heady Teddy's. Both commercial...Rare opportunity to acquire a core mixed-use property on the best block in Downtown New Paltz. Located immediately next door to the Main Street Bistro, 55 Main Street includes two leased ground floor commercial spaces and two 4BR apartments on the second floor. The first commercial space was beautifully renovated this year by Agave restaurant, and is under lease through May 2028. The second commercial space is leased through May 2027 to popular and established gift shop Heady Teddy's. Both commercial tenants have annual contracted increases in rent - 5 pct and 6 pct, respectively. All utilities, including electricity, heating oil, propane, and water/sewer are individually metered for each unit. Stabilized 9.3 cap rate! Low-risk high-occupancy property that is very well positioned for continued appreciation. Irreplaceable location in the heart of this thriving college town, right in the center of all of the action. Financials available upon request.
  1. Listed by Matthew Eyler • New Paltz Properties
    P: (845)-417-8300 C: (845)-417-8300 matteyler@yahoo.com

Amenities

  • Ground Floor
LISTING UPDATED: 12/17/2024 11:56 AM

Property Details for 55 Main Street

StatusPending Continue To Show
MLS #20243986
Days on Market79
Taxes$15,688 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size0.11 AC / 4,791 SF
CountyUlster County

Building Information for 55 Main Street

Stories2Residences4Year Built1900Lot Size0.11 AC / 4,791 SF

Property Information for 55 Main Street

Summary
Location and General Information
  • Sign On Property YN: Yes
  • Directions: Main Street in the center of downtown New Paltz. Next door to Main Street Bistro.
  • Location Tax and Legal:Township: New Paltz
  • Zoning: B2
  • Zoning Description: Very flexible mixed-use zoning - many allowable uses
  • MLS Area Major: New Paltz
  • Street Name: Main
  • Street Suffix: Street
  • State: NY
  • Zip Code: 12561
  • County: Ulster
  • Latitude: 41.747838
  • Longitude: -74.08651
  • Unparsed Address: 55 Main Street, New Paltz, NY 12561
  • Street Number: 55
  • Location Tax and Legal:Zoning: B2
  • General Property Information:Flood Plain YN: No
  • General Property Information:Sign On Property YN: Yes
Taxes and HOA
  • Location Tax and Legal:General Tax: $4,681
  • Location Tax and Legal:School Tax: $9,140
  • Location Tax and Legal:Village Tax: $1,867
  • Location Tax and Legal:Tax Annual Amount: $15,688
  • Location Tax and Legal:Tax Assessed Value: $380,000
  • Location Tax and Legal:Tax Lot: 1
  • Location Tax and Legal:Tax Block: 8
  • Tax Assessed Value: 380000
  • Association Fee: $.00
  • Parcel Number: 86.143-1-8
  • Tax Block: 8
  • Tax Lot: 1
  • Tax Annual Amount: $15,688
Parking
  • Parking Total: 5
  • General Property Information:Parking Total: 5
Virtual Tour
  • Total Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Acres: 0.11
  • Total Floor Plans Count: 0
  • Property Type: Commercial Sale
  • Living Area: 4560.0
  • Property Sub Type: Mixed Use
  • Lot Size Units: Acres
  • Lot Size Square Feet: 4791.6
  • General Property Information:Lot Size Acres: 0.11
Property and Assessments
  • Year Built: 1900
  • Year Built Details: Approximate date of construction. County records do not have accurate date.
  • Video Groups: 0
  • General Property Information:Year Built Details: Approximate date of construction. County records do not have accurate date.
Interior and Exterior Features
Interior Features
  • Stories: 2
  • Basement YN: Yes
  • Basement: Full
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0
  • Bathrooms Total (Notational): 0
  • General Property Information:Basement YN: Yes
  • General Property Information:Stories: 2
Multi Family
Multi-Family Information
  • Number of Units: 4
  • General Property Information:Number Of Units Total: 4.0
Agent
Sale and Listing
  • DOM: 79
  • MLS Approval Status: Yes
  • Contract Information:Owner Name: Fifty-Five Main Street LLC
  • Book Information:Section: 86.143

Schools near 55 Main Street

This home is within New Paltz Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Duzine School
PublicPK to 2

Lenape Elementary School
Public3 to 5

New Paltz Middle School
Public6 to 8

New Paltz Senior 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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Listing Courtesy of New Paltz Properties

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