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Shovel Ready Approved Redevelopment Project 23 Market St 24,214 SF Industrial Building Ellenville, NY 12428 $795,000 ($32.83/SF)
INVESTMENT HIGHLIGHTS
- 24,412 SF building in prime location. 19 units offering excellent income potential. Site plan is approved
- Management efficiency with multiple units under one roof
- Project is eligible for NYS and Federal Historic tax credits
- Architectural drawings completed and ready for pulling a building permit
- $840,000.00 Restore NY Grant in awarded for this redevelopment plan, subject to NY State continuing the award.
- All income and expenses shown are projected
EXECUTIVE SUMMARY
Come be a part of the re-birth of Ellenville. This project if fully approved and shovel ready. Seller will provide construction drawings ready for building permits. The project has been awarded an $840,000.00 Restore NY Grant for the development of this project, subject to NY State continuing the award. Additionally, the project is eligible for NYS and Federal Historic Preservation tax credits to assist in the overall development budget.
FINANCIAL SUMMARY (PRO FORMA - 2026) 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 - 2026) 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
UTILITIES
- Water - City
- Sewer - City
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 5601-083.311-0004-035.100-0000 | Total Assessment | $211,640 (2024) |
| Land Assessment | $49,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $162,640 (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
5601-083.311-0004-035.100-0000
Land Assessment
$49,000 (2024)
Improvements Assessment
$162,640 (2024)
Total Assessment
$211,640 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Shovel Ready Approved Redevelopment Project | 23 Market St
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