6-Unit Mixed-Use
For Sale
$1,499,000
141 Ulster Avenue, Saugerties, NY 12477
Ground-floor retail space and upper-level apartments are separately metered for gas and electricity.
Property Size7,316 SF
Price / SF$204.89
Days on Market109
Property Features for 141 Ulster Avenue
General Information
Standard status
Active
Size
7,316 SF
Property subtype
Commercial
Zoning
05
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Individually Metered Utilities
gas, electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,381
Amenities
off-street parking
separate gas and electric meters
original hardwood floors
Building Details
Building Size
7,316 SF
Year Built
1895
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Howard Hanna Rand Realty
(845) 338-5252
Listed By:
Rodney Batista · License #10401294303
(845) 300-2480
Source:
Croninreale
Added: Jul 9
Changed: Oct 23
Last Checked: Oct 23 at 5:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Rand Realty
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Investment Insights
Based on property information with market context.
At 141 Ulster Avenue, this mixed-use building has three ground-floor commercial storefronts and three one-bedroom, one-bath apartments above. The residential units are described as oversized and feature original hardwood floors. The building was constructed in 1895, and its zoning designation is 05.
The property is in the Village of Saugerties, about three minutes from Main Street and the New York State Thruway. A private off-street parking lot serves the property. The storefronts and apartments are occupied, with all tenants on month-to-month leases.
The property is in the Village of Saugerties, about three minutes from Main Street and the New York State Thruway. A private off-street parking lot serves the property. The storefronts and apartments are occupied, with all tenants on month-to-month leases.
Key Highlights
- Six units: three commercial storefronts and three one‑bedroom, one‑bath apartments
- Built in 1895; zoning designation 05
- All units have separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,112
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,240
$1.7M
Cap Rate 7%
$1,244,457
$1.2M
Cap Rate 9%
$967,911
$967.9K
Market Conditions
NOI Build-Up for 7,316 SF
Gross rent
$131.7K $18.00/SF
− Vacancy
−$7.2K −$0.99/SF
EGI
$124.4K $17.01/SF
− OpEx
−$37.3K −$5.10/SF
NOI
$87.1K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,240
Cap Rate 7%
$1,244,457
Cap Rate 9%
$967,911
Alternative Uses
Best Use
Apartment 5plus
$59.59M
$52.14M – $69.52M
NOI $4,171,019 @ 7.0% cap · market cap 278.25%
Second Best
Retail
$1.24M
$1.09M – $1.45M
NOI $87,112 @ 7.0% cap · market cap 5.81%
Theoretical Best
Multifamily LT 5
$68.42M
$59.87M – $79.82M
NOI $4,789,225 @ 7.0% cap · market cap 319.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 12477, NY
18,559
Population
9,483
Households
2
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
66.7 sq mi
ZIP Area
278
Density / Sq Mi
$72,353
Median Household Income
$49,357
Median Earnings
$1,239
Median Rent
$292,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space and upper-level apartments are separately metered for gas and electricity.
Where is this mixed-use property located?
The property is located at 141 Ulster Avenue Saugerties, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Six units: three commercial storefronts and three one‑bedroom, one‑bath apartments; Built in 1895; zoning designation 05; All units have separate gas and electric meters
