1 King Street

    Marlboro, NY 12542
    • $419,000
    • STATUS: Active
    • ON SITE: 128 days
    • MLS #: 4908455
    UPDATED: 225 min ago
    $419,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,332
      SQFT
    • $126
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    This building is currently leased to a prominent local Restaurant operator. The building reflects the rich character of the historic hamlet of Marlboro which is currently undergoing a transformation, making several improvements to its infrastructure and streetscapes. This facility has long been a well known dining destination for locals as well as those from surrounding Mid Hudson towns. There are two separate entrances for the first and second floors. The upstairs is currently being used for dining and larger events, however, the upstairs has also been used in the past as a large luxury apartment and is easily convertible if desired. The first floor boasts a beautiful / inviting bar with views of the village. Also available are patio seating in both the front and rear of the building. Finally there is a basement used for storage and food prep with a staircase leading to the kitchen. With the tenant paying all operating expenses with exception of taxes, this investment currently generates and 8.4% cap rate improving overtime with 3% annual rent escalations committed in lease.

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    © 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Mark Boyland Real Estate Team | Keller Williams Realty Partners are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2019-06-27T00:15:23.403.
    www.westchesterhomesnow.com/homes/91925185

    1 King Street Marlboro, NY 12542

    • Price: $419,000
    • Status: Active
    • Updated: 225 min ago
    • MLS #: 4908455
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,332
    SQFT
    $126
    $/SQFT
    Neighborhood:
    Marlboro
    County:
    Ulster
    Area:
    Marlboro
    School District:
    Marlboro
    Property Description
    This building is currently leased to a prominent local Restaurant operator. The building reflects the rich character of the historic hamlet of Marlboro which is currently undergoing a transformation, making several improvements to its infrastructure and streetscapes. This facility has long been a well known dining destination for locals as well as those from surrounding Mid Hudson towns. There are two separate entrances for the first and second floors. The upstairs is currently being used for dining and larger events, however, the upstairs has also been used in the past as a large luxury apartment and is easily convertible if desired. The first floor boasts a beautiful / inviting bar with views of the village. Also available are patio seating in both the front and rear of the building. Finally there is a basement used for storage and food prep with a staircase leading to the kitchen. With the tenant paying all operating expenses with exception of taxes, this investment currently generates and 8.4% cap rate improving overtime with 3% annual rent escalations committed in lease.
    Exterior Features

    Construction Description BrickFiberglass Insulation Lot Description Level Parking Public ParkingStreet ParkingUnassigned Street Type Public Water Access YN Yes

    Interior Features

    Air Conditioning Ductless Heating Fuel Oil Above Ground Heating Type Hot WaterRadiator Heating Zones 2 Hot Water Electric Stand Alone Included A/C UnitsAlarm SystemAwningConvection OvenCook TopDehumidifierDishwasherDoor HardwareLight FixturesOven/RangeRefrigeratorSecond RefrigeratorWine Cooler

    Property Features

    Floor Number 2 Gas Available YN Yes Reo Bank Owned 0 Sewer Description Municipal Tax Year 2016 Transaction Type Sale Village None Water Description Municipal Year Renovated 2010 Zoning C

    Listing courtesy of John Demarco of Century 21 Alliance Rlty Group.

    © 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.


    © 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Mark Boyland Real Estate Team | Keller Williams Realty Partners are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2019-06-27T00:15:23.403.
     
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