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    141 Ulster Ave Saugerties, NY 12477

    Sponsored
    For Sale
    $1,800,000

    Six-Unit Building, High-Yield Potential

    Property size:
    7,316 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional six-unit mixed-use property at 141 Ulster Avenue in Saugerties, NY, presents a compelling investment opportunity. The 7,316 square foot building sits on a 0.03-acre lot and boasts three thriving commercial units on the ground floor, currently occupied by Violet Sheers, Moorhus Computers, and Lamont Engineering. These established businesses provide immediate and consistent income streams. Above, three spacious one-bedroom, one-bathroom residential apartments offer significant rental potential. Each apartment features real wood floors and abundant natural light. All units are separately metered for gas and electricity, with tenants responsible for their respective utilities. Convenient off-street parking is provided in a private lot. The property benefits from an unbeatable location, just one block from restaurants, grocery stores, gas stations, and veterinary services, and a mere three minutes from both Saugerties' Main Street and the Saugerties Thruway exit. Currently, all units are on month-to-month leases, with many long-term tenants. Existing rents are significantly below market value, presenting a substantial opportunity to increase revenue. Apartments of this size command monthly rents between $1,800 and $2,000. With minimal overhead and high occupancy, this property offers a rare chance to acquire a turnkey investment in a thriving community. Don't miss this chance to capitalize on this exceptional income-generating asset. The asking price is $1,800,000.

    Property Features for 141 Ulster Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,316 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1895
    Property Profile Location Intelligence

    Current Use by Public Records

    Lamont Engineers, P.C. Engineering Consultant Violet Shears Hair Salon Moorhus Computers Computer Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saugerties
    County
    Ulster
    State
    New York
    Longitude
    -73.96011
    Latitude
    42.08099

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    FAQs

    What type of property is this?
    Mixed-use property - Six-Unit Building, High-Yield Potential
    Where is this mixed-use property located?
    The property is located at 141 Ulster Ave Saugerties, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    (845) 338-5252
    Request Owner's contact information
    141 Ulster Ave Saugerties, NY 12477
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    Saugerties, NY 12477
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    141 Ulster Ave Saugerties, NY 12477
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