63 N Putt Corners Road, New Paltz
MLS® # 20210541
The finest redevelopment opportunity in New Paltz! Offering includes both 11 & 13 Water Street. Located immediately south of Water Street Market along the Wallkill Valley Rail Trail, the property features a 15,000 square foot former box factory with original wood beams and 24-foot ceilings, along with a three-bedroom rental house currently leased for $1,780 per month. Zoning for both lots was recently changed to “Gateway”, allowing a variety of uses including retail, art gallery, office, restaurant, and apartments above the first floor. The warehouse building could be renovated and re-purposed, or a new development could be constructed on all or some of the site. New development potential is enhanced by high-density zoning, central location, and tremendous demand for quality residential product in the Village of New Paltz. Target market could include weekenders or full-timers from NYC, local retirees seeking to down size from their current homes, SUNY professors, and young professionals. 400 feet of direct Rail Trail frontage along the entire length of the lot, plus panoramic Shawangunk mountain and Wallkill River views to the west. 0.57 acre main lot is larger than most central Village parcels, allowing a development of significant scale. Full lot coverage and 3-story/35 foot height permitted. Tie-ins with Water Street Market create a variety of exciting redevelopment opportunities. Existing tenants, including the popular CHBO drum shop and the residents of the three-bedroom rental house, help to defray carrying costs while plans are completed. $990,000 offering price equates to just $62 psf – excellent value, particularly considering the Property’s irreplaceable New Paltz waterfront location. Opportunity to execute a bold and creative vision that will make an enduring and positive stamp on the Village of New Paltz. See property brochure in associated docs for full detail.
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.
The data relating to real estate on this website comes in part from the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Murphy Realty Group are marked with IDX logo and the detailed information about them includes the name of the listing broker.
Copyright © 2021 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
IDX 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.