21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
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$1,380,000

21 Bluestone Ct

10 Sq.Ft.

Description

The fully approved 46-unit apartment complex is located in an Extremely Desirable Uptown Kingsong location. Approval is for (32) 2-bedroom apartments and (14) 1-bedroom apartments. This AAA property is surrounded by higher-end homes, it's less than 1 mile from booming Historic Uptown Kingston, the Bus Station, and walking distance to the Elementary/Middle school, Dietz Stadium Sports Complex and the Park. The seller has full Building and Site Plans, the property is Approved and Shovel Ready. At an estimated cost to construct of $10M (with fair market rents and expenses) the property would produce a solid 8% Cap rate of return. The parcel has two access points, one from Lucas Ave (this would serve as the Utility Access and Emergency Exit) and the other from Bluestone Court which would serve as the Main Access point. The architects and Engineers are willing to stay on and see this project through if the buyer desires. New zoning in Kingston (SD-MF zone) wood allow for a max buildable flootprit of 30,000 square feet and you can go up to 3 stories, in theory this could potentialy mean a 90,0000 square foot apartment buidlnig or a hight desity neighborhood of single-family homes.

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Location

21 Bluestone Ct., Kingston, NY 12401

Status

For Sale

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Greg Berardi

Greg Berardi

TITLE

Broker | Owner

Property Amenities

Area & Lot
Lot Area 2.7 Acres
Living area 10 Sq.Ft.
MLS® ID 20232966
School District EDSON K-4
Elementary School EDSON K-4
View Description SEASONAL
Type Land
Status For Sale
Exterior
Water Source MUNICIPAL
Sewer MUNICIPAL
Lot Features LEVEL, OTHER/SEE REMARKS
Utilities MUNICIPAL, ON-SITE, SINGLE PHASE, THREE PHASE, WITHIN 1/4 MILE, GAS AVAILABLE, ELECTRIC AVAILABLE, CABLE AVAILABLE
Finance
Sales Price $1,380,000
Real Estate Tax $3,331 yearly
21 Bluestone Ct
21 Bluestone Ct
21 Bluestone Ct
"The fully approved 46-unit apartment complex is located in an Extremely Desirable Uptown Kingsong location."

— Greg Berardi

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

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Thank you for your interest in 21 Bluestone Ct., Kingston, NY 12401. We are reviewing your request and will be in touch shortly!

Ulster County

Work With Us

Berardi Realty is here to assist you through every step of the process and takes pride in being an expert in their field. They eagerly anticipate the opportunity to collaborate with you and facilitate the sale of one of your most significant assets. Contact them today!