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Listed by Matthew Eyler, New Paltz Properties
Fully leased 3-unit mixed-use building along the most active development corridor in New Paltz. Upper floor is a 1,350 sf office occupied by current owner for his social work practice. The office space is nicely finished and in excellent condition. Owner will lease back the entire space for $2,400 per month for an initial term of 2 years. The lower floor includes two residential apartments, leased for $975 and $1,075 per month. North Chestnut Street was re-zoned in recent years, with a number of new mixed-use buildings in various stages of development. These neighborhood improvements are likely to drive future appreciation along the corridor. 113 North Chestnut could be redeveloped itself, either by adding to the existing building or constructing a new building in the future. Another concept would be to convert the office space into a third residential unit, ideal for college students or a family. Nine parking spaces, a new water heater, and a large storage shed are all appealing features of this core New Paltz asset.

More Info

Basic Information

  • Acreage1.4
  • List Price$450,000
  • MLS Number20211215
  • MlsStatusPENDING CONTINUE TO SHOW
  • Property TypeMulti-Unit
  • SewerSEPTIC-INGR.
  • Unit 2 SqFt600
  • Unit 3 SqFt750
  • Units3
  • Year Built1965

Location

  • Address113 N Chestnut Street
  • Area TownNEW PALTZ
  • Building Number113
  • High School DistrictNew Paltz Central
  • StateNY
  • StreetChestnut
  • TownNew Paltz
  • Zip12561
  • ZoneNBR

Water Body

  • Lfd WaterMUNICIPAL

Building

  • BasementFINISHED, WALKOUT
  • Garage Capacity
  • Garage TypeNone
  • Unit 1 SqFt1350

Utilities

  • Heat SourceBASEBOARD
  • Heating FuelELECTRIC
  • Hot WaterELECTRIC

Amenities

  • UsmAmenitiesBasement, Fireplace

Other

  • Electricity200 AMPS
  • Lot15
  • Lot Dimensions1.4 Acres
  • Short SaleNo
  • View Count12

New Paltz, NY Demographics

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New Paltz, NY Real Estate Market Data

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New Paltz, NY Schools

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