About 53 Main Street
Located in the center of New Paltz, a thriving tourist and college town. 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 clothing/gift shop. Zaytune has 5 year lease (6/21 to 5/26) w/ renewal option for additional 5 years. Zaytune pays $3,860 as of June 2023). Heady Teddy is in second year of a 5 year renewal, and pays $3,675 per month. Tenants on second floor (2 apartments) pay $3,055 and $3,180 for a total of $6,235 per month. Building total rent is $13,860 per month or $166,320 per year. Excellent location, high visibility.
Features of 53 Main Street
| MLS® # | H6259949 |
|---|---|
| Price | $1,495,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1894 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 53 Main Street |
|---|---|
| City | New Paltz |
| County | Ulster |
| State | NY |
| Zip Code | 12561 |
Additional Information
Listing Details
| Office | Reading Realty |
|---|---|
| Office Contact | 845-901-1640 |