Union Townhouse: Kingston, NY
About The Property
The Union Townhouse is an incredible opportunity for an investor or owner-occupant to claim a piece of Kingston history. Located in the historic downtown Rondout district, this four-story brick building just underwent a complete gut renovation. Three modern units enjoy open-concept living spaces, high ceilings, and an abundance of oversized windows. All units share access to a low-maintenance backyard space, perfect for entertaining or relaxation. And the south-facing front porch, with original decorative woodwork, harkens to the building's past while welcoming residents and guests.
Unit 1 is an approximately 1000sf 2 bedroom, 2 bathroom duplex that makes up the first two floors of the building. The contemporary finishes and soaring ceilings of the open concept upper living/kitchen/dining level make this unit feel like a SoHo loft. Units 2 and 3 on the upper two floors of the building are both 1 bedroom, 1 bathroom apartments with similar finishes as unit 1––but slightly different bathroom vanities and floorplans. Unit 2 on the third floor is the smallest, at around 640sf, but enjoys a south-facing bedroom with large alcove for a home office, nursery, or walk-in closet. Unit 3 clocks in around 650sf, and has the largest bathroom and a cozy bedroom on the back of the building. This top-floor unit also gets gorgeous light all day, and has an incredible direct view of the iconic Wurts Street Bridge.
While this newly-renovated building has not yet been occupied, a pro forma forecasting a 7.4% Cap Rate is available upon request. Everything in the building is new, and separate gas and electric meters for each unit mean tenants pay all utilities except water, sewer, and common area lighting. The building is centrally-located by Cornell Park and the Wurts Street Bridge promenade––and is just a 4 min walk from Kingston's scenic Rondout Creek waterfront, featuring marinas, occasional live music, and a weekly farmers market. This freshly updated 3-unit townhouse is also surrounded by an array of popular shops, dining, and entertainment, like: Armadillo, Brunette Wine Bar, Ole Savannah, Clove & Creek, Facets of Earth, Half Moon Donuts, Rosie General, Kingston Wine Co, and the Hudson River Maritime Museum. Dont miss out on the chance to buy this rare offering, in one of the Hudson Valley's most sought-after communities!
63 W UNION Street, Kingston NY 12401
DETAILS:
Units: 3
Bedrooms: 4
Bathrooms: 4
Square feet: 2,508
Acreage: .044
Built: 1950
Heat: Baseboard hot water
Fuel: Natural Gas
Hot Water: 3 Tankless HWH (Navien)
Roof Age: 2021
Cell Service: Good
Internet: Spectrum (high speed data)
CAP Rate: 7.4% (estimated) Pro Forma available upon request
City: Kingston
County: Ulster
SBL: 56.43-1-17
Taxes: Town/Co: $5,234; School: $9,197
Listing price: $559,000
Sold price: $626,000