642 Route 212, Saugerties
The legendary Gallagher's Pub is for sale, Sale includes the building as is with the entire contents of furniture and equipment. Full bar and kitchen, including Ansul fire prevention system, walk in refrigerator, beer tap system with kegs right behind the bar. No walking up and down stairs. The property includes condemned house that will be demolished, adding at least 6 more parking spaces. With a little TLC it is practically a turnkey operation. Located on highway rt 212, only 2 1/2 miles from Saugerties and slightly more to Woodstock. The right person can depend on year round local business and can increase dramatically from May thru October. Above the restaurant is a huge, partially remodeled apartment with most of the materials included. Live in it or rent it out. Easily rented for $1400 to $1600 a month or Air B&B for even more income. The term "Golden Opportunity" is a cliche , is overused and usually not true, but it definitely applies here. Only one restaurant on 212 between Woodstock and Saugerties. "Build it and they will come". Adjacent property also for sale.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.