Mixed-Use Property with Event
New
For Sale
$9,900,000
169 Ulster Avenue, Saugerties, NY 12477
Commercial Sale, Saugerties, NY
Property Size71,058 SF
Lot Size7.10 Acres
Price / SF$139.32
Days on Market3
Property Features for 169 Ulster Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
06
Zoning description
Property zoned I-1
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 7, Bathroom 6, Basement, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 2
Basement
Finished
Accessibility
Accessible Approach with Ramp
Elementary school district
Saugerties Central Schools
Middle school district
Saugerties Central Schools
High school district
Saugerties Central Schools
Directions
Southbound I87 South to Exit 20 turn left onto Rt 32 then left at traffic light onto Route 212. Drive roughly .05 mile turn left into SPAF. Northbound Take I87 North Exit 20 turn right onto Rt 212 then 0.5 left into SPAF.
Subdivision
Saugerties-Vlg
Standard status
Active
APN
18.53-1-1.100
Size
71,058 SF
Lot size
7.10 Acres
Taxes and HOA fees
Tax Annual Amount
31578
Building Details
Year built
1940
Listing Agency:
Win Morrison Realty-K
Listed By:
Nadina Truini
(845) 339-9999
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 12:06AM
MLS# 20266216
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The mixed-use property includes an approximately 14,000-square-foot wedding and events facility with bridal and groom suites and private patio areas. About 56,000 square feet of additional space is designated for industrial and creative uses and includes oversized offices. A 7,200-square-foot lower-level living area is also part of the property. The building was constructed in 1940 and includes an accessible approach with a ramp.
Key Highlights
- Approximately 14,000‑square‑foot wedding and events facility with bridal and groom suites
- About 56,000 square feet of industrial and creative space, including oversized offices
- 7,200‑square‑foot lower‑level living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$751,438
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,028,760
$15.0M
Cap Rate 7%
$10,734,829
$10.7M
Cap Rate 9%
$8,349,311
$8.3M
Market Conditions
NOI Build-Up for 71,058 SF
Gross rent
$1.28M $18.00/SF
− Vacancy
−$76.7K −$1.08/SF
EGI
$1.20M $16.92/SF
− OpEx
−$450.9K −$6.34/SF
NOI
$751.4K $10.58/SF
Area
Ulster County, NY
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,028,760
Cap Rate 7%
$10,734,829
Cap Rate 9%
$8,349,311
Alternative Uses
Best Use
Office B
$19.94M
$17.45M – $23.26M
NOI $1,395,757 @ 7.0% cap · market cap 14.10%
Second Best
Mixed Use
$10.73M
$9.39M – $12.52M
NOI $751,438 @ 7.0% cap · market cap 7.59%
Theoretical Best
Multifamily LT 5
$664.52M
$581.45M – $775.27M
NOI $46,516,231 @ 7.0% cap · market cap 469.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
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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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An event facility anchors a property with extensive industrial, creative, office, and residential space.
Where is this mixed-use property located?
The property is located at 169 Ulster Avenue Saugerties, NY.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Approximately 14,000‑square‑foot wedding and events facility with bridal and groom suites; About 56,000 square feet of industrial and creative space, including oversized offices; 7,200‑square‑foot lower‑level living area
