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175 Water St 5,652 SF 100% Leased Retail Building Catskill, NY 12414 $559,000 ($98.90/SF) 8.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Frontage on the Catskill Creek
- One block from Downtown Main Street, county government center, shopping and restaurants.
EXECUTIVE SUMMARY
Discover a prime investment opportunity in Catskill Village. This meticulously maintained 5,652 SF building, with 165 feet of frontage on the Catskill Creek, features 5 units and has 100% occupancy. Originally built in 1946 and tastefully renovated in 2018, the property offers a seamless blend of historical charm and modern mechanical systems and appointments. With its enviable location near the Main Street business district and the tranquil Catskill Creek, this versatile property presents an appealing prospect for the investor. Ample on-site parking further enhances its appeal, making it an ideal choice for those seeking a lucrative addition to their portfolio in this highly sought-after area.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,652 SF
Building Class
C
Year Built
1980
Price
$559,000
Price Per SF
$98.90
Cap Rate
8.44%
NOI
$47,191
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
Waterfront - Waterfront
Parking
12 Spaces (2.12 Spaces per 1,000 SF Leased)
Frontage
120’ on Water Street
AMENITIES
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Waterfront
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 192601-156-070-0001-010-000-0000 | Total Assessment | $200,000 (2024) |
| Land Assessment | $13,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $186,200 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
192601-156-070-0001-010-000-0000
Land Assessment
$13,800 (2024)
Improvements Assessment
$186,200 (2024)
Total Assessment
$200,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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175 Water St
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