KINGSTON,CITY NY - ID: 20202606
On the Market
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  • Price: $1,500,000
  • Garage: None
  • Acreage: 0.27
  • Year Built: 1880
  • School District: KINGSTONCONSOLD
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Multi-Unit

Description: The ultimate “live-work” opportunity: Get a jump-start on your new life in the Hudson Valley with this turn-key complex of 3 unique, renovated buildings already producing big income in the Kingston Rondout, one of the region’s hottest neighborhoods. Right across the street from sailboats docked on the waterfront, and walk-able to restaurants, shops and boat launches, the quarter-acre corner site features a trio of stand-alone brick buildings: a former stable and warehouse for the Hunt Brothers circus, now transformed into a stunning multi-level home with loft-scale openness and a brand new kitchen; a sunny 3-unit apartment building featuring over-sized 2-bedroom layouts plus renovated bathrooms and kitchens; and, finally, a cozy smaller house that, inside, looks and feels more like a luxury hotel suite. The buildings share flexible "RT" zoning, ample off-street parking, a lushly landscaped common yard, and an in-ground saline swimming pool graciously enclosed in a walled courtyard where circus horses once slept. It’s a masterful blend of old and new, all the better appreciated from the glass-enclosed home office now perched atop the main house. The apartment building (“DeMew Townhouse”) and the smaller house (“DeMew House”) boast an impressive track record of bookings and revenue from short-term and extended-stay guests, with clear potential for even more. Whether your choice is to live in the main house and rent out the rest to long-term tenants, or roll up your sleeves and expand on a proven formula to draw even more of the visitors now flocking to the Hudson Valley, there’s nothing ordinary about this property, in terms of style, setting or new possibilities.
Income, expenses and other financial information will be shared with qualified buyers by L/A following first showing. Broad, topline financials can be discussed with L/A prior to first showing


FEATURES:
NUMBER OF UNITS: 5
ZONE: Rt
LOT DIMENSIONS: .27 Acre
APPLIANCES: Dishwasher, Dryer, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
ELECTRICITY: 200 Amps
LOT FEATURES: Corner Lot
LOT/SITE: City
WATER: Municipal
KITCHEN DESCRIPTION: Eat-In, Galley

Listing courtesy of: Bhhs Hudson Valley Prop-King / Listing Agent: Hayes Clement
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The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. Real estate listings of brokerage firms other than Grist Mill Real Estate are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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