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    141 Ulster Ave Saugerties, NY 12477

    For Sale
    $1,800,000

    Six-unit building, prime location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property at 141 Ulster Avenue in Saugerties, New York, presents a compelling investment opportunity. The 1895-built, two-story building sits on a 0.031-acre lot (APN: 480101080530001023000000) and is zoned 05. It comprises three ground-floor commercial units currently occupied by Violet Sheers, Moorhus Computers, and Lamont Engineering, and three spacious second-floor residential units, each a one-bedroom, one-bathroom apartment featuring real wood floors. All six units are currently occupied on month-to-month leases, offering immediate income potential. The building benefits from separate gas and electric meters for each unit, simplifying utility management and tenant responsibility. Tenants also enjoy off-street parking in a private lot. The property's central location, just three minutes from Saugerties' Main Street and the Thruway exit, provides unparalleled convenience. Nearby amenities include restaurants, grocery stores, gas stations, and veterinary services. Current rental income is below market value

    Property Features for 141 Ulster Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    1,350 SF

    Building Details

    Year Built
    1895
    Buildings
    1
    Stories
    2

    HighLights

    • Mixed‑use building at 141 Ulster Avenue, Saugerties, NY, offering immediate income.
    • 1895‑built, two‑story building on a 0.031‑acre lot (APN: 480101080530001023000000), zoned 05.
    • Three ground‑floor commercial units and three one‑bedroom/one‑bathroom residential units, all currently occupied month‑to‑month.
    • Separate gas and electric meters for each unit; private off‑street parking.
    • Prime location, three minutes from Saugerties Main Street and Thruway exit, near amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lamont Engineers, P.C. Engineering Consultant Violet Shears Hair Salon Moorhus Computers Computer Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saugerties
    County
    Ulster
    State
    New York
    Longitude
    -73.9601598
    Latitude
    42.0809894

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    FAQs

    What type of property is this?
    Individual retail property - Six-unit building, prime location, high potential.
    Where is this individual retail property located?
    The property is located at 141 Ulster Ave Saugerties, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Mixed-use building at 141 Ulster Avenue, Saugerties, NY, offering immediate income.; 1895-built, two-story building on a 0.031-acre lot (APN: 480101080530001023000000), zoned 05.; Three ground-floor commercial units and three one-bedroom/one-bathroom residential units, all currently occupied month-to-month.
    Request Owner's contact information
    141 Ulster Ave Saugerties, NY 12477
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    Saugerties, NY 12477
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    141 Ulster Ave Saugerties, NY 12477
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