316 Wall Street, Kingston

$1,600,000

0 Beds
0 Baths
0 Sqft
.07 Acres
0 Garages

Uptown Kingston mixed use building featuring a fully equipped turn-key restaurant/bar with two NYC loft style apartments, one on the second and third floor. Thriving restaurant has recently closed due to owner relocation (business is for sale asking $100,000 and $7,000 month rent). Second floor apartment has been completely renovated offering 1 bedroom, two full bathrooms and a rooftop deck (could easily be a 2 bedroom apartment) and is currently rented for $2,200 a month with the tenant paying all utilities. Third floor apartment is currently one unit, 2-3 bedroom with two full baths (but was split into two 1-bedroom apartments in the past), available for rent at $2,500 with electric included. In this unit there are two full bathrooms, 1 kitchen and laundry area that was previously the second kitchen, unit could easily be converted back into two apartments. Income and expense sheet reflects current status of building with projected rents as a commercial space and 2 apartments. See associated docs for income and expense at asking price. Full basement with high ceilings is great for storage, has full beer cooler and office. The exterior offers a front patio facing Wall Street and a rear patio facing Fair Street (could be used as parking or additional seating).

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