About 55 Main Street
Two commercial spaces; restaurant and retail sales on first floor. Two 4 bedroom apartments on second floor. Restaurant (Zaytune Cafe) has very good reviews for Mediterranean food, and Heddy Teddy is a successful gift shop. Zaytune has 5 year lease (6/21 to 5/26) w/ renewal option for additional 5 years. Zaytune pays $3,675 as of June 2022). Heady Teddy pays $3,150 per month. Tenants on second floor pay $2,980 x 2 apartments for $5,960 per month. Building total rent is $12.785 per month or $153,420 per year. On numbers presented herein, would yield $2.156M at 7 cap rate.
Features of 55 Main Street
| MLS® # | 20230646 |
|---|---|
| Price | $1,685,000 |
| Square Footage | 4,560 |
| Acres | 0.11 |
| Year Built | 1890 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | ACTIVE |
Community Information
| Address | 55 Main Street |
|---|---|
| Area | NEW PALTZ |
| City | new paltz |
| County | Ulster County |
| State | NY |
| Zip Code | 12561 |
Additional Information
Listing Details
| Agent | Robert Gabrielli |
|---|---|
| Office | Reading Realty |