Sold

26 W Bridge Street

Catskill NY, 12414

$625,000


$109.65 per sqft

Sold

7 Beds

7 Baths

5,700 sqft

Multi-family

Built in 1900

Invest in Catskill's Future: Exclusive 7-Unit Development OpportunityStep into a unique investment in the dynamic heart of Catskill with this exclusive 7-unit mixed-use project, offering an ideal blend of residential and commercial potential. This development strikes the perfect balance, featuring six apartments alongside a compelling retail/cafe space, positioned for maximum marketability and profitability.Highlights:Diverse Income Streams: Includes five 1-bedroom units and a spacious 2-bedroom apartment, plus a retail/cafe space for a commercial venture.Efficient Design: Each apartment is crafted for optimal living space with minimal maintenance needs, ensuring a high-quality tenant experience.Advanced Upgrades: Benefit from substantial updates like two new roofs, brand new plumbing and electrical systems, energy-efficient windows, and contemporary kitchens and bathrooms, laying the foundation for a high-value property.Self-Sustaining Units: The design allows for tenants to cover their own heat, electric, and hot water, reducing overhead and enhancing profitability.Projected Financials: Anticipate a strong NOI of $100,000 after completion, marking this project as a standout investment opportunity.This development not only represents a significant investment opportunity but also a chance to shape the fabric of Catskill with your vision. The groundwork has been laid, now it's time for you to finish the story.Experience the Potential Firsthand:Words only capture so much. To fully appreciate the scope and potential of this opportunity, seeing it in person is a must. This is more than an investment; it's a chance to leave a mark on Catskill's future.Act Now:Opportunities like this don't come often. Whether you're looking to expand your portfolio or make a distinctive mark in the real estate world, this Catskill development project is your canvas.

152190

MLS ID

April 10, 2024

Listed

October 14, 2024

Updated

Map

26 W Bridge Street
Catskill NY, 12414

Interior Features

Bedrooms

7


Total Bathrooms

7


Full Bathrooms

7


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric, Gas

Exterior/Building Features

Lot Size

0.06 Acres


Exterior Features

Wood


Roof

Asphalt, Shingle


Sewer

Municipal

School Information

School District

Catskill

Other Property Details

Area Name

Catskill


Days on Market

142


Garage

No


View

No


County

Greene


Water Source

Municipal


Pool

No

Listing History

Date

Event

Price

9/14/2024

Sold

$625,000

4/11/2024

Price change

$715,000

5%

 

Listing Courtesy of Barns & Farms Realty, LLC - Hudson, Gregory M. Kardos

The data relating to real estate for sale on this website comes in part from the IDX Program of the CGNDMLS. Real estate listings held by brokerage firms other than Gary Martin are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. For the most current information, contact Gary Martin, [email protected], (917) 836-1755.

© 2024 CGNDMLS. All rights reserved.

Data last updated 8:09 PM UTC, 10/14/2024

 

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