Mixed-Use Property with Event
New
For Sale
$9,900,000
169 Ulster Avenue, Saugerties, NY 12477
An event facility, creative and industrial areas, and private living space occupy a property built in 1940.
Property Size71,058 SF
Lot Size7.00 Acres
Price / SF$141.43
Days on Market6
Property Features for 169 Ulster Avenue
General Information
Standard status
Active
Size
71,058 SF
Lot size
7.00 Acres
Property subtype
Industrial
Additional Details
Property Use
Performing Arts Factory
Taxes and HOA fees
Annual Taxes
$31,578
Amenities
Full bridal and groom suites
Private patio areas
Building Details
Building Size
71,058 SF
Year Built
1940
Listing Agency:
Win Morrison Realty-K
Listed By:
Nadina Truini
(845) 339-9999
Source:
Berardirealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 24 at 11:18PM
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 Win Morrison Realty-K
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Investment Insights
Based on property information with market context.
Built in 1940, this Saugerties property combines an event venue with industrial, office, and creative areas. The venue measures approximately 14,000 square feet and includes separate bridal and groom suites, along with private patio areas. About 56,000 square feet of additional space is identified for industrial and creative use, with oversized offices and a 7,200-square-foot lower-level living area.
The property sits on seven acres at 169 Ulster Avenue in Saugerties, within the Hudson Valley. Its existing configuration brings event, workspace, and living components together on one site. The property has also served as a performing arts destination.
The property sits on seven acres at 169 Ulster Avenue in Saugerties, within the Hudson Valley. Its existing configuration brings event, workspace, and living components together on one site. The property has also served as a performing arts destination.
Key Highlights
- Approximately 14,000‑square‑foot event venue with bridal and groom suites
- About 56,000 square feet of additional industrial and creative space
- 7,200‑square‑foot lower‑level living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$740,250
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,805,000
$14.8M
Cap Rate 7%
$10,575,000
$10.6M
Cap Rate 9%
$8,225,000
$8.2M
Market Conditions
NOI Build-Up for 70,000 SF
Gross rent
$1.26M $18.00/SF
− Vacancy
−$75.6K −$1.08/SF
EGI
$1.18M $16.92/SF
− OpEx
−$444.2K −$6.34/SF
NOI
$740.3K $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%
$14,805,000
Cap Rate 7%
$10,575,000
Cap Rate 9%
$8,225,000
Alternative Uses
Best Use
Flex RnD
$15.68M
$13.72M – $18.29M
NOI $1,097,460 @ 7.0% cap · market cap 11.09%
Second Best
Mixed Use
$10.57M
$9.25M – $12.34M
NOI $740,250 @ 7.0% cap · market cap 7.48%
Theoretical Best
Multifamily LT 5
$654.62M
$572.80M – $763.73M
NOI $45,823,640 @ 7.0% cap · market cap 462.87%
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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An event facility, creative and industrial areas, and private living space occupy a property built in 1940.
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 event venue with bridal and groom suites; About 56,000 square feet of additional industrial and creative space; 7,200‑square‑foot lower‑level living area
