141 Ulster Avenue Saugerties, NY 12477
Six-unit mixed-use building with three occupied storefronts and three separately metered apartments plus off-street parking.
- Added:
- Jul 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 3:14 am
Property Features for 141 Ulster Avenue
General Information
- Standard status
- Active
- Size
- 7,316 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1895
Listing office HOWARD HANNA RAND REALTY (845) 338-5252
Listing date Jul 9, 2026
Source Corcoran
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
Investment Insights
Based on property information with market context.
All storefront and residential spaces are currently occupied. Tenants are on month-to-month leases, which can provide flexibility for future ownership. The residential apartments include hardwood floors throughout and receive natural light.
The property is available for the first time in over 25 years. It is about three minutes from both busy Main Street and the NYS Thruway, offering convenient access for both retail operations and everyday residential needs.
Key Highlights
- 6‑unit mixed‑use building built in 1895 with three commercial storefronts and three residential one‑bedroom apartments
- All three storefronts are currently occupied by established local businesses
- Second‑floor layout includes three oversized 1‑bedroom, 1‑bath apartments with original hardwood floors
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.7k | $18.00 |
| − Vacancy | −$7.2k | −$0.99 |
| EGI | $124.4k | $17.01 |
| − OpEx | −$37.3k | −$5.10 |
| NOI | $87.1k | $11.91 |
