4072 Route 28

  • $ $495,000
  • Property Type:
  • Location:
  • Sq Ft: 5,000
  • Lot Sq Ft: 1.500 acres
  • Acres: 1.500

Located in the center of Boiceville next to the High School and across from the Boiceville Market. 7 unit mixed use property offering a 2,500+ square foot retail/restaurant space in the front building with two apartments. The back building is a 3 unit apartment house with all updated utilities. There is also plenty of parking and a rented 2-car garage. The Retail/Restaurant space is currently vacant and advertised at a low rent of $1,500 a month including all utilities, has a full bar, hard wood floors and a kitchen with hood and water and gas connections (other kitchen equipment has been removed). Retail space could be great for a flea market, antique shop of as it is a restaurant space. Cap at asking is 6.71% but that’s based on the current below market rent rates. Cap rate at more fair market rents is 10%. Please see associated docs for actual and ProForma income and expenses. List agent is part owner.

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Address:4072 Route 28
County:Ulster County
State:New York
Zip Code:12412
Year Built:1960
Square Feet:5,000
Lot Square Feet:1.500 acres
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