21 Grove Street

New Paltz, NY 12561

$739,000
Last Sold Price
8
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Opportunity to purchase one of the finest college rental buildings in New Paltz. Impeccably maintained 2-Unit property, with 5BR/2BA in the original house + 3 BR/3BA in the attached 2002 addition. The large 0.34-acre lot is located just one block from Main Street and four blocks from the SUNY New Paltz campus. The building is fully leased to two separate groups of six students each, through June 2023, at a total of $6,905 per month. Both groups of tenants would like to extend through June 2024. Tenants...Opportunity to purchase one of the finest college rental buildings in New Paltz. Impeccably maintained 2-Unit property, with 5BR/2BA in the original house + 3 BR/3BA in the attached 2002 addition. The large 0.34-acre lot is located just one block from Main Street and four blocks from the SUNY New Paltz campus. The building is fully leased to two separate groups of six students each, through June 2023, at a total of $6,905 per month. Both groups of tenants would like to extend through June 2024. Tenants pay all utilities including electricity, heat, water, sewer, and garbage. Twelve private off-street parking space provide a rare and convenient amenity. The current owner bought the property in 2014 and has done a great job, with recent improvements that include a new roof, new on-site coin-operated laundry, parking lot blacktop, security cameras, new hot water heater, and new stove. True 7.1% cap rate, with upside in the rents (current rent averages just $575 per student). Full financials available upon request.
  1. Listed by Matthew Eyler • New Paltz Properties

Property Details for 21 Grove Street

Zone
R2

Location

Listing Courtesy of New Paltz Properties

Sold By The Machree Group, LLC

Add your commute
LISTING UPDATED: 04/25/2023 02:49 PM

Property Details for 21 Grove Street

StatusSold
MLS #20223599
Days on Market84
Taxes$14,698 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built2002
Lot Size0.34 AC / 14,810 SF
CountyUlster County

Location

Listing Courtesy of New Paltz Properties

Sold By The Machree Group, LLC

Add your commute

Building Information for 21 Grove Street

Stories-Residences2Year Built2002Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

$5,258 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,033

Property Taxes

$1,225

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 Grove Street

Summary
Location and General Information
  • Area and Town: NEW PALTZ
  • City: New Paltz
  • State: NY
  • Zip: 12561
  • County: Ulster County
  • Townships: New Paltz
  • Directions: Turn off of Main Street onto Grove Street, across from iPho Restaurant. One block to John Street. Property is on the northwest corner. Park in private parking lot along John Street, to rear of building.
Taxes and HOA
  • School Tax: $8,529
  • General Tax: $4,349
  • Total Taxes: 14698
  • Assessed: $370,500.00
School Information
  • School District: New Paltz Central
Parking
  • Garage Capacity: None
  • Garage Type: None
  • Garage or Parking Extras: OFF STREET
Property
Lot Information
  • Number of Acres: 0.34
  • Lot: 14
  • Lot Dimensions: 0.34 Acres
  • Flood Plain: N
  • Lot Block Address: 14,8,21 Grove
Property and Assessments
  • Class: MULTI-FAMILY
  • Type: 2 Family
  • Year Built: 2002
  • Federal Information Processing Standards Code: NY111
  • Age: 11-20
  • Block: 8
Utilities
  • Water Source: 145
  • Water: MUNICIPAL
  • Trash: 0
  • Fuel: 0
  • Electric: 644
  • Supplies: 0
  • Heat Source: BASEBOARD
  • Heating Fuel: OIL
  • Sewer: MUNICIPAL
Room Information
Room Information
  • Total Bathrooms: 5

Property History for 21 Grove Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 21 Grove Street

Taxable ValueLand$72,300Additions$298,200Total$370,500
Home Facts
Baths5Total Finished SqFt3,020 SqFtAbove Grade Finished SqFt3,020 SqFtStories3Lot Size14,810 SqFtStyleDuplexYear Built1924ZoningR2CountyULSTERAPN513801 86.34-8-14

Schools near 21 Grove Street

This home is within New Paltz Central School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Duzine School
PublicK to 2

Lenape Elementary School
Public3 to 5

New Paltz Middle School
Public6 to 8

New Paltz Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Paltz Properties

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale or lease on this webpage comes from the the IDX Program of OneKey® MLS, Columbia Greene Northern Dutchess MLS, and Ulster County Board of REALTORS. Real estate listings held by brokerage firms other than Compass are marked with a OneKey® MLS, Columbia Greene Northern Dutchess MLS, or Ulster County Board of REALTORS Logo. Use of these search facilities other than by a consumer seeking to purchase or lease real estate is prohibited. The accuracy of all information is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by the IDX Program of OneKey® MLS, Columbia Greene Northern Dutchess MLS, and Ulster County Board of REALTORS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Information Copyright 2024, OneKey® MLS, Columbia Greene Northern Dutchess MLS, and Ulster County Board of REALTORS. All rights reserved. Data last updated: 04/25/2023 02:49 PM