398 Main St Rosendale, NY 12472
This unique 1896 neo-Gothic style property in Rosendale, NY, presents a compelling investment opportunity. Comprising two buildings on approximately half an acre, this mixed-use property boasts a rich history. Originally the Rosendale Reformed Church until 1971, it later served as a Volunteer Firemen's Association building before its transformation into a thriving glass art studio and residential complex. A significant renovation in 2012 reconfigured a 60' x 40' space into a versatile event venue, currently operating as a supplemental income stream. The venue features soaring ceilings, original fir flooring, a stunning front window, a preserved original corner pulpit, and a 1950s curved wet bar, creating a captivating atmosphere ideal for various events. The property also includes three income-generating apartments, providing a consistent rental income stream. Its prime location on Main Street offers excellent visibility and accessibility, situated adjacent to municipal parking and the Willow Kiln Park/Joppenbergh Mountain. The Empire State Trail's proximity further enhances its appeal. This town-approved event venue, combined with the art studio and residential rentals, presents a multifaceted income-generating property with significant potential for future growth and development in the vibrant Hudson Valley town of Rosendale, nestled between New Paltz and Kingston. The property's historical charm, combined with its modern functionality, makes it a truly exceptional investment opportunity.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Rosendale, NYRosendale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.