156 Broadway, Port Ewen, NY 12466 | MLS #20262414 | HUNT Real Estate
 
  • 46 days on site
  • 1 views

Rare opportunity to acquire a fully income-producing mixed-use package in the heart of Port Ewen, New York. 156 Broadway is being sold together with its neighboring adjacent property at 154 Broadway (multi family) as a package for 875,000 producing generous net operaing income. Located in the Town of Esopus, Ulster County, this two-property offering delivers immediate cash flow, a diversified tenant mix, and meaningful upside through the lease-up of one vacant commercial space -- all with convenient access to the Kingston Waterfront, the Rondout District, and major regional corridors. 154 Broadway is a fully renovated two-family residential property with both units currently leased and generating strong monthly income. Both units have been comprehensively updated with new kitchens, renovated bathrooms, new hardwood flooring, and energy-efficient on-demand hot water heaters. Exposed brick detailing throughout adds character and a premium aesthetic that commands above-market rents in the Port Ewen submarket. Tenants pay all utilities, maximizing net operating income to the owner. The property sits on an oversized lot offering ample off-street parking and additional storage -- a genuine differentiator in a walkable village setting. 156 Broadway is a versatile mixed-use property consisting of a leased front commercial studio and a rear commercial space that will be available for lease-up upon the close of sale. The front studio is currently occupied by an established creative tenant with utilities included in the lease. The space features high ceilings, an open floor plan, and large street-facing display windows, lending itself to a wide range of studio, creative, or professional uses. The rear commercial space is a well-equipped workshop and fabrication environment outfitted with three-phase electric service and a new Reznor heating system -- infrastructure that would cost significantly more to replicate and that positions the space to attract quality commercial tenants at competitive market rents. A dedicated storage shed at the rear of the property conveys with the sale. This package offering delivers strong in-place income with additional upside upon lease-up of the rear commercial space. The offering is well suited for an investor seeking a stabilized income base with a clear value-add component, or an owner-occupant looking to operate from a well-infrastructured commercial space while the residential units service the debt. Complete financials including income, expenses, and pro forma projections are available upon request. Port Ewen continues to benefit from strong Hudson Valley rental demand, proximity to Kingston's growing arts, dining, and hospitality corridor, and limited investment-grade inventory at this price point. Both units occupied on 154 broadway.

Source: Hudson Valley Catskill Regional MLS, MLS#: 20262414

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Commercial Sale
  • Lot
    0.10 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

HUNT Real Estate
I agree to be contacted by HUNT Real Estate Corporation via call, email, and/or text for real estate services, even if my phone number is listed on a state or national Do Not Call list. Data will not be shared with third parties for marketing or promotional purposes. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. View HUNT Real Estate ERA's privacy policy here: https://www.huntrealestate.com/Privacy-Policy

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    50
  • Population Density
    2,033
  • College Educated
    42%
  • Estimated Median Income
    $69,483
  • Estimated Total Home Owners
    739
  • Estimated Total Renters
    169
  • Owner / Renter Divide
    81% / 19%
  • Estimated Average Household Size
    2
  • Total Population
    2,110
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Want to talk? Contact us here.