54 Bridge St, Catskill, NY 12414

Property Details for 54 Bridge St

Year built

1930

Lot size

0.12 lot acres

Property type

Commercial real estate

APN

192601-156-017-0002-016-000-0000

Description

This exceptional mixed-use investment property, located at 54 W Bridge St in Catskill, NY, presents a compelling opportunity for savvy investors. The 2,184 square foot building, constructed in 1930, boasts a strong 7.28% cap rate and a substantial net operating income (NOI) of $43,705, reflecting a 100% occupancy rate. The property features two rental units: a 3-bedroom, 1-bathroom unit and a 4-bedroom, 1-bathroom unit, both equipped with oil heating and propane cooking gas. Situated on a 0.12-acre lot (APN 192601-156-017-0002-016-000-0000), this two-story building is zoned 05 and offers additional income potential with a detached 3-car garage, suitable for rental or storage. Its prime location in the Village of Catskill provides easy access to local amenities, including shopping centers, restaurants, parks, Catskill Central Schools (a tenth of a mile away), Elliot Park, the Hudson River, the Rip Van Winkle Bridge, and Mawignack Preserve. Proximity to major highways like Route 9W and Interstate 87 further enhances its appeal. This is a turn-key investment ready to generate immediate returns. The asking price is $599,999. This property represents a rare opportunity to acquire a well-maintained, high-performing asset in a desirable location.

Location Insight

City

Catskill

County

36039

State

New York

Longitude

-73.8706438

Latitude

42.2169108