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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 For Sale

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. Completely renovated in 2001/2002. Fully insulated with 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 could be $850 per month. 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: Active
  • 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: 18,085
  • 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

Helen knows the area thoroughly and showed us a number of properties in New Paltz. She was extremely patient as we decided to not pursue a few, often after multiple visits. Then, for the property we bought, she called us minutes after it became listed, got us the first showing, and we made an offer that was accepted. The house was not shown to any other parties and we had a signed contract and closed quickly. Through every step, including about the mortgage application, we received excellent guidance. Helen really came through for us and we now have a house we are truly happy with. Allen Ross
A joy to work with. Really not what I had come to expect. Straightforward, an advocate, not treating my small sale as anything lesser. I hope I have the opportunity to work with her again. I will definitely pass her name along! Itty - New Paltz
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