87 OVERLOOK ESTATES
SAUGERTIES, NY 12477

$3,500,000

0 Beds

18 Baths

18,000 Sq Ft

Status Active Under Contract

MLS# 20242554

Apartment complex is located in the hamlet of Glasco, and along the banks of the Hudson River (about 100 miles +/- 1 hr, 45 min from NYC). This 16 residential unit (2-storey townhouse style) complex has 2 additional commercial rentals (Large & Smaller Garage) for a total of 18-units. The property consists of 6 buildings, most of the buildings were constructed around 1989 and the one 3-unit building (that has a 1 car garage for each unit), was constructed around 2017. Each unit is in Very good condition with excellent paying tenants. All roofs, exteriors and interiors are well kept and are in newer/renovated condition. The property has municipal water, sewer and natural gas. Most rents are well below market value, and month to month rental agreements. Please see associated doc's for additional information, projected rents for 2024/25 and pro-forma rent at more fair market rents.

Details for 87 OVERLOOK ESTATES

Built in 1989

$194 / Sq Ft

5 parking spaces

Ceiling Fan(s),Ductless,None

Baseboard, Central, Ductless, Electric, Forced Air, Hot Water, Natural Gas

101 Days on website

2.3 acres lot

Interior

Appliances

Refrigerator, Range, Electric Water Heater, Dishwasher

Bathrooms Total

Flooring

Carpet, Ceramic Tile, Hardwood, Luxury Vinyl, Vinyl

Interior Features

Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry, Walk-In Closet(s), Other

Laundry Features

Electric Dryer Hookup, In Unit, Inside, Laundry Room, Washer Hookup

Living Area

18,000 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

Carbon Monoxide Detector(s), Smoke Detector(s)

Window Features

Double Pane Windows

Year Built

1989

Exterior And Lot

Exterior Features

Garden, Lighting

Garage Spaces

Lot Features

Garden, Gentle Sloping, Landscaped, Level, Other, See Remarks

Lot Size Acres

2.3

Lot Size Square Feet

100188

Lot Size Units

Acres

Parking Features

Other, See Remarks, Paved, Parking Lot, Off Street, Driveway

Parking Total

Patio And Porch Features

Deck, Porch, See Remarks

Zoning

HDR

Utilities

Cooling

Ceiling Fan(s), Ductless, None

Heating

Baseboard, Central, Ductless, Electric, Forced Air, Hot Water, Natural Gas

Area And Schools

City

Saugerties

Community Features

Playground, Other

County Or Parish

Ulster

Elementary School

Riccardi K-6

School District

Saugerties Central Schools

Financial Info

Tax Annual Amount

$33,050

Additional Info

Mls Status

Pending Continue to Show