40 Sunset Ridge New Paltz, NY $ 999,000
40 Sunset Ridge
$ 999,000
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40 Sunset Ridge

New Paltz, NY, 12561
$ 999,000
Baths0.0 Sq 9,380

Monthly Estimate*

$ 6,640

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Studio

Commercial Property for sale in New Paltz, NY

for $999,000. This 9,380 square foot building was built in 1970 on a lot size of 3.

New to the market investment opportunity in New Paltz, NY. This 9,380 SF - two story executive office property is made up of 7 units and sits on 3 acres. At 85% occupancy, there is upside in filling the two vacant units, and current rents at approximately 70% of market, this is a value add opportunity for investors. There is no deferred maintenance, and with little term left on many in place leases, it is also available for an owner user. Located 1.3 Miles from Main St. in the Village of New Paltz, and 2.8 Miles from the NYS Thruway. Additional Land Area which is unused may be developed.

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Commercial Pending

Price

$ 999,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 26,728

Style

Office

Lot Size

3

Year Built

1970

Town/City

New Paltz

County/Region

Ulster

MLS | Web ID

20232178

Features
General
Zoning R1
Year Built 1970
Township New Paltz
Property SubType Office
Business Type Office Supply Professional/Office
County Ulster
Net Operating Income 72737.0
Property Type Commercial Sale
Status Pending
City New Paltz
Buyer Agent Compensation 2.00
View Y/N N
High School District New Paltz Central
NumberOfUnitsTotal 7
MLS Area New Paltz
Lot Size Units Acres
Lot Size Square Feet 130680.0
Waterfront Y/N N
Carport Y/N N
Street Name Sunset
Elementary School Duzine K-2
Land Lease Y/N N
Tax Annual Amount 26728.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor New Paltz
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Pending
Tax Assessed Value 937632
Tax Lot 46
Cap Rate 606.0
Buyer Agent Compensation Type %
Legal Description 46 4 40 Sunset Ridge
Senior Community None
New Construction None
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Exterior
Lot Size Area 3.0
Building Area Total 9380.0
Lot Dimensions 3 Acres
Lot Size Acres 3.0
Open Parking Y/N N
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Interior
Basement (Y/N) N
Street Suffix Ridge
Total Baths 0
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Internal Only
Street Number 1 40
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* Excluded Features
List By
Nathan Kanney

Listing Agent

Keller Williams Realty Hv Nort

Broker

nate.kanney@kw.com

Email

Affordability Calculator

$8,867
Per Month
75%
25%
0%
Monthly Principal & Interest
$6,640
Monthly Property Taxes
$2,227
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3270625 Elementary School
3269651 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2023$999,000 -16.75% Price Down
8/1/2023$1,200,000 Listed Price

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40 Sunset Ridge, New Paltz, NY, 12561 is a Commercial Property for sale at $999,000 with 9,380 sqft and a lot size of 3. 40 Sunset Ridge is a studio with 0.0 baths and was built in 1970. The property's zip code is 12561 which is in New Paltz, NY