Property Description
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.
Property Information
| Location/Town | New Paltz |
| Area/County | Ulster |
| Prop. Type | Commercial Sale |
| Tax | $19,825.00 |
| Year Built | 1894 |
| Total Units | 4 |
| Cooling | Zoned, Window Unit(s) |
| Heat Source | Oil, Baseboard, Hot |
| Zoning | B2 |
| Units | 4 |
| School District | New Paltz |
| Listing information courtesy of: Reading Realty | |
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