See Home Value
Ulster 12525
1019 Albany Post Road
$546,525*
Multifamily - Off Market

1019 Albany Post Road

Gardiner, NY 12525
bedrooms
Studio
bathrooms
2 Baths
$360,000 - $438,000
Reference Base Price*
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

This special home from 1900 offers a unique opportunity for an investor or anyone who wants to spend all or part of their time in this area while offseting their costs with significant rental income OR dedicating one floor to home offices, guest space, etc.   Fully renovated multi-family properties with a ton of character PLUS easy access to nature, public transport to/from NYC, and ALL of the reasons people love to spend time in this area are a total rarity.  Located under 15 minutes from New Paltz, Gardiner, Minnewaska State Park, the Mohonk Preserve - and just a short distance more to Kerhonkson, Accord, Kingston, High Falls, Rosendale, and Stone Ridge - the home easily attracts visitors coming to the region for all kinds of reasons, including weddings, SUNY New Paltz, and more. You can even go just around the corner to the Tuthilltown Distillery for tours or tastings!  The current owners split their time between NYC and would rent out one or, occasionally, both apartments when they weren't using them. They renovated the entire building with a new septic system, plumbing, electric, kitchens, bathrooms, skylight, porch, and interior and exterior painting - and would consider selling the home entirely furnished (to be discussed after contract). The backyard has a small fence to give privacy and outdoor access for each unit.  The projected gross income for a full-time Airbnb with 75% occupancy would be close to $100,000, but for a long-term unfurnished rental (which are in very short supply at the moment!), it would still be half that amount - and with fewer costs and maintenance. Happy to provide more information regarding income and expenses to any interested parties! Financial projections below are for long-term unfurnished rental.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Nov 19, 2020 Sold to Gregory A Samek, Mandi Nyam... $399,999
Sold to Gregory A Samek, Mandi Nyam...
Aug 15, 2020 No longer available -
No longer available
Aug 7, 2020 Listed $399,000
Listed
Jul 3, 2017 Sold to Raquel Kahmar, Todd E Baker $240,000
Sold to Raquel Kahmar, Todd E Baker

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200807
08/07/2020
Studio
2 Bath
-
$399,000
bedrooms
Studio
bathrooms
2 Bath
-
-
-
Megan Brenn-White
Keller Williams Hudson Valley

Building Info

1019 Albany Post Road 1019 Albany Post Road, Gardiner, NY 12525
More about this Building
1019 Albany Post Road
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About Ulster


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