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Presented by
Jen Sands - Windward & Main Realty Group |
185 Smith Avenue, Kingston, NY, 12401 | $575,000
This is one of the last mixed-use neighborhood grocery stores left in Kingston. The attached 2 family home has a 2 bedroom apartment on the ground floor and 1 bedroom apt on the second floor with a large unfinished attic and full basement, both under store and house. The market is approximately 2300 square feet making it one of the largest neighborhood markets in the City of Kingston. To sum it up in one word, this property screams potential. The market could easily be subdivided into two separate store fronts, subject to planning board and building department approval, offering potential for four revenue streams. The property could not be better located. It is literally across the street from a 40 unit senior housing complex, and just 1 block from 63 artist studios at the Shirt Factory, and only 2 blocks from a new 113 unit housing development on Cornell Street. Currently the market does almost 1 million dollars in lottery ticket sales annually, which represents roughly 60k in revenue as per the sellers. CALLING FOR HIGHEST AND BEST ON FRIDAY DEC 19TH AT 3: 00 PM
Features
- Bedrooms: 3
- Units: 3
- Lot Size: 50'X100'
- Year Built: 1960
- Heating: Hot Water, Oil, Radiant
- Cooling: Wall Unit(s)
- Acreage: 0.11
- Lot Size: 50'X100'
- Est. Taxes: $15,711
- Lot Desc: City Lot, Corner Lot
- School District: Kingston
- Appliances: Free-Standing Freezer, Free-Standing Gas Oven, Freezer, Refrigerator, Washer/Dryer
- Owner Pays: Electricity
- MLS#: 20256021
- Days on Market: 137 days
- Website: https://www.raveis.com
/prop/20256021/185smithavenue_kingston_ny?source=qrflyer
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Jen Sands - Windward & Main Realty GroupLuxury Properties Specialist
978.590.9177
Jen.Sands@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 38342
978.314.1072
Joanne.OKeefe@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
185 Smith Avenue, Kingston, NY, 12401
$575,000
Jen Sands - Windward & Main Realty Group
Luxury Properties Specialist
William Raveis Real Estate
Phone: 978.590.9177
Jen.Sands@raveis.com
Joanne O'Keefe
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $460,000 | $460,000 | $460,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | $1,309 | $1,309 | $1,309 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,684 | $2,795 | $3,728 |
| Total Monthly Payment | $4,085 | $4,196 | $5,129 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535