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177 Sullivan Street LLC 2 Properties Offered at $950,000 in Wurtsboro, NY
INVESTMENT HIGHLIGHTS
- 2 properties being offered - Must be sold together
- Both properties zoned commercial
- Great site for commercial re-development
EXECUTIVE SUMMARY
Development Opportunity - Here is an opportunity to own 2/3rd of the remaining developable intersection in Wurtsboro. This will eventually be home to a regional or national retail tenant. In conjunction with the adjacent property, which is also available for sale, the assemblage would be complete. NYS Route 209, Signalized intersection, 2 miles from Exit 113 of NYS Route 17/I-86. Both buildings are currently fully leased, providing cash flowing income to help carry your long term plans. 2 properties being offered - Must be sold together for combined price of $950,000. Property 1 (177 Sullivan) is one level commercial building with two store fronts. Property 2 (160 Kingston) is a two level single family home. Both zoned Commercial.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$54,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$54,000
|
| Taxes |
$4,876
|
| Operating Expenses |
-
|
| Total Expenses |
$4,876
|
| Net Operating Income |
-
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $54,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $54,000 |
| Taxes | |
|---|---|
| Annual | $4,876 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $4,876 |
| Net Operating Income | |
|---|---|
| Annual | - |
PROPERTY FACTS
| Price | $950,000 | Number of Properties | 2 |
| Price / SF | $220.98 / SF | Individually For Sale | 0 |
| Cap Rate | 5.68% | Total Building Size | 4,299 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.53 AC |
| Status | Active |
| Price | $950,000 |
| Price / SF | $220.98 / SF |
| Cap Rate | 5.68% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,299 SF |
| Total Land Area | 0.53 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 160 Kingston Ave, Wurtsboro, NY 12790 | Multifamily | 2,711 SF | 1890 | - |
| 177 Sullivan St, Wurtsboro, NY 12790 | Retail | 1,588 SF | 1984 | - |
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177 Sullivan Street LLC
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