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Helen Coyle Bergstein

Helen Coyle Bergstein
Nest Realty Co.
New Paltz, NY 12561

845-417-7242
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Listing 11 out of 150
$595,000 Pending Continue To Show

38-40 Gill Street
Kingston, NY

6 units | Multi Family Home
5576 sq ft - MLS# 20183562
Property Photo
1/16

Description

Solid Brick 6 family within walking distance to the very popular Rondout area, fully occupied with easily 8 - 10 parking spaces. 6 boilers, 6 hot water heaters, 6 water meters and 6 100 amp electric/gas meters. Landlord pays common area electric, taxes and insurance only. Well maintained very bright apartments with high ceilings and ample closet space, ceiling fans and large windows. All 1 bedroom, 1 bath in very good condition with plenty of parking spaces for tenants. Rents are currently below market and will be $850 per month as leases renew in the Spring and early summer. Net income includes 5% for maintenance and 3% vacancy. Cap rate will be higher when rent increases in the spring/summer. Currently 5.7

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Unit
  • Listing Status: Pending Continue To Show
  • County/Area: Ulster County
  • Year Built: 1900
  • Age: 100-200
  • School District: Kingstonconsold
  • Units: 6 units
  • Basement: Full, Walkout, Unfinished, Concrete Floor, Bilco Door
  • Lot Size: 5576 sq ft
  • Zoning: R2
  • Area: Kingston, City
  • Annual Expenses: 18,820.
  • Annual Income: 52020
  • Annual Net: 33935
  • Appliances: Range, Refrigerator
  • Cap Rate: 5
  • Condition: Very Good
  • Construction: Brick
  • Cooling/Air Conditioning: Ceiling Fan
  • Driveway: Blacktop
  • Electric: 360
  • Electricity: 100 Amps, Circuit Breakers
  • Floors: Carpet, Vinyl
  • Garage/Parking Extras: Lot-Paved, Off Street, 3 Car +
  • Heat Source: Baseboard, Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Gas
  • Insurance: 1850
  • Interior Features: Smoke Detector, Carbon Monixide Detector, Insulated Doors, Storm Windows, Thermostat, Cable Available
  • Kitchen Description: Cabinets Wood, Eat-In, Pantry
  • Lease Type: One Year
  • Lot Block Address: 1,11,38-40 Gill
  • Lot Dimensions: 80 X 70
  • Lot Features: Corner Lot, Parking Lot, Slope-Gently, Other/See Remarks
  • Monthly Income: 4335
  • Owner Pays: Insurance, Maintenance, Repairs, Taxes, Taxes
  • Plumbing: Copper, Mixed
  • Roof: Rubber
  • Sewer: Municipal
  • Siding: Brick
  • Tenant Pays: All Utilities, Electric, Gas, Water, All Utilities
  • Total Taxes: 11,714
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Rent: 725
  • Unit 1 Sqft: 632
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Rent: 735
  • Unit 2 Sqft: 858
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Rent: 725
  • Unit 3 Sqft: 632
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rent: 700
  • Unit 4 Sqft: 858
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Rent: 735
  • Unit 5 Sqft: 632
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Rent: 715
  • Unit 6 Sqft: 858
  • Water: Municipal
Courtesy of Lawrence O'toole Realty
Helen Coyle Bergstein
Nest Realty Co.
Broker/Owner
114 Plains Road, New Paltz, NY 12561
(845) 417-7242 Mobile
helen@nestrealtyco.com

More About Me

Testimonials

Hi Helen,
Thank you so much for making the house buying experience fun, magical and seamless! 
Aileen - Woodstock
Dear Helen,
Thank you so much for working your magic and being our guide on this fabulous journey! It's been such a joyous and smooth process, in no small part because of your positive energy and hard work. Wishing you all the best,

 
Gabriela and Daniel - Kingston
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