62 W Bridge Street, Catskill, NY, 12414 | $590,000

Exceptional 6 Unit Multifamily investment opportunity in the thriving Village of Catskill, New York. This turn-key building is ideally positioned along the rapidly evolving West Bridge Street corridor, just steps from Downtown Catskill and the scenic Hudson River waterfront. Located in one of the Hudson Valley's fastest-growing investment markets, this strong income-producing property offers an outstanding opportunity for investors seeking strong rental demand, long-term appreciation, and a prime location. The building features a desirable mix consisting of two studio apartments, two one-bedroom apartments, and two two-bedroom apartments, providing diversified rental income. Currently, Two ground floor units (1 bed & 2 bed) plus a garage are vacant for owners use. Tenants pay their own electric heat. Opportunity for 3rd Fl. to be developed. Each residence offers bright, sun-filled interiors, hardwood flooring, comfortable layouts, and timeless character. A spacious backyard provides additional outdoor space for tenants to enjoy. Enjoy a highly walkable location just minutes from Downtown Catskill's vibrant Main Street, where tenants can stroll to Subversive Brewing Company, locally owned coffee shops, award-winning restaurants, boutique shopping, art galleries, live entertainment, the Hudson River waterfront parks, marina, and year-round community events. Nearby cultural attractions include the renowned Thomas Cole National Historic Site, while outdoor enthusiasts will appreciate quick access to the Catskill Mountains, hiking trails, skiing, and countless recreational opportunities. Conveniently located near New York State Thruway (I-87), the Rip Van Winkle Bridge, Hudson, Saugerties, Athens, Albany, Kingston, and the Capital Region, this property offers exceptional accessibility for commuters and tenants alike. Whether you're looking to expand your real estate investment portfolio, complete a 1031 Exchange, acquire a turnkey multifamily property, or secure a cash-flowing income property in the Hudson Valley and Catskills, this offering combines a premier location, an excellent unit mix, and outstanding long-term investment potential in one of Greene County's most desirable rental markets.

Features

  • Property Type: Multi Family
  • Construction: Frame
  • Utilities: Cable Available, Electricity Connected
  • Parking: On Street
  • Levels: 2
  • Heating: Electric
  • Cooling: None
  • Units: 6
  • Year Built: 1960
  • Acreage: 0.16
  • Est. Taxes: $11,936
  • View: Mountain(s)
  • Elem. School: Catskill Elementary School
  • Middle School: Catskill Middle School
  • High School: Catskill Senior High School
  • School District: Catskill
  • Appliances: Oven, Refrigerator
  • MLS#: 1024502
  • Days on Market: 0 day
  • Website: https://www.raveis.com
    /prop/1024502/62wbridgestreet_catskill_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Century 21 New West Properties   Phone: 518-943-2620

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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62 W Bridge Street, Catskill, NY, 12414

$590,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $472,000 $472,000 $472,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.640% 5.972%
Monthly Tax Payment $995 $995 $995
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,868 $2,980 $3,920
Total Monthly Payment $3,955 $4,067 $5,007

* 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.