Mixed-Use Live-Work
1950-1958 Ulster Avenue Lake Katrine, NY 12449
1950-1958 Ulster Avenue, Lake Katrine, NY, 12449
$399,000
For Sale
$399,000
Mixed-use building with ground-floor commercial space and an above apartment, plus an included two-bedroom cottage.
Property Size3,268 SF
Price / SF$122.09
Days on Market93
Property Features for 1950-1958 Ulster Avenue
General Information
- Standard status
- Active
- Size
- 3,268 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1934
Listing agency
(845) 430-2045
Listed by
Coldwell Banker Village Green
(845) 430-2045
Source
Xome
Added: Apr 20 Updated: Jul 20 at 7:03PM Checked: Jul 21 at 3:53AM
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 Coldwell Banker Village Green
Investment Insights
Based on property information with market context.
The property includes a main mixed-use building with a bright, light-filled ground-floor commercial space and a spacious two-bedroom apartment above. The apartment is described as well-maintained and includes a generous living room and dining room, with additional third-floor space suitable for flexible everyday use such as a home office, studio, or extra storage. An adjoining parcel adds a two-bedroom, one-bath cottage with an enclosed front sunporch, a covered rear deck, an updated interior, and a spacious kitchen and dining area.
The listing notes strong visibility and high traffic exposure, and describes the location as minutes from Kingston and Saugerties. Access and parking are described as part of the overall setup, including additional parking at the cottage, with the listing indicating that expanded commercial use may be possible with proper permits.
Overall, the configuration supports multiple occupancy options: the ground-floor commercial unit and the apartment can be combined for live-work use, or maintained as separate rental units. A 3D walkthrough is available in the digital Lookbook or by request.
The listing notes strong visibility and high traffic exposure, and describes the location as minutes from Kingston and Saugerties. Access and parking are described as part of the overall setup, including additional parking at the cottage, with the listing indicating that expanded commercial use may be possible with proper permits.
Overall, the configuration supports multiple occupancy options: the ground-floor commercial unit and the apartment can be combined for live-work use, or maintained as separate rental units. A 3D walkthrough is available in the digital Lookbook or by request.
Key Highlights
- Mixed‑use property built in 1934 with ground‑floor commercial space and an above 2‑bedroom apartment
- Ground‑floor commercial space previously used as a delicatessen and later a tattoo studio
- Above apartment includes a generous living room and dining room plus additional third‑floor space for office or storage
Local Financial Insights For Mixed Use
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 | $58.8k | $18.00 |
| − Vacancy | −$3.5k | −$1.08 |
| EGI | $55.3k | $16.92 |
| − OpEx | −$20.7k | −$6.34 |
| NOI | $34.6k | $10.58 |
3,268 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$917.0K
$802.4K – $1.07M
NOI $64,192 @ 7.0% cap · market cap 16.09%
Second Best
Retail
$555.9K
$486.4K – $648.5K
NOI $38,912 @ 7.0% cap · market cap 9.75%
Theoretical Best
Multifamily LT 5
$30.56M
$26.74M – $35.66M
NOI $2,139,309 @ 7.0% cap · market cap 536.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building with ground-floor commercial space and an above apartment, plus an included two-bedroom cottage.
Where is this live-work space located?
The property is located at 1950-1958 Ulster Avenue Lake Katrine, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Mixed‑use property built in 1934 with ground‑floor commercial space and an above 2‑bedroom apartment; Ground‑floor commercial space previously used as a delicatessen and later a tattoo studio; Above apartment includes a generous living room and dining room plus additional third‑floor space for office or storage
