The Greens Inn 451 Washington Avenue Ext 4 Room Hotel Saugerties, NY 12477 $1,200,000 ($300,000/Room) 13.93% Cap Rate

The hotel is just off the Village and surrounded by Horse Show property (HITS) and other Village activities. The Hotel is less than a half mile from the Village Center, boasting many shops, restaurants, theaters, and the waterfront. The 27-unit building, with a 1-bedroom manager's apartment, has 28 total units. The 10,000+ square foot building is divided into four suites, each featuring its own full kitchen, dining area, living room, and 6-7 bedrooms, all with their own full bathrooms. This property can lend itself to a hotel, Inn, Senior Residence, or SRO rentals, and the current occupied tenant uses include Emergency Housing. The building has been updated with all new HVAC (heat and AC), high-efficiency propane units, and many other improvements. The building is currently leased to a Master Tenant paying 10,000 a month NNN and a gross income of +/- 75,000 a month. Please see the attached information in the associated documents for County Records, CO, and Floor Plans. The property is located approximately 1/2 mile from the Saugerties Village center. It is surrounded by, or close to, Horse Show properties, Cantine Sports Complex, an indoor Ice Arena, Mini-golf, Go-Karts, and a Skate Park. Excellent location for Airbnb, hotel, or straight rentals. The building is fully furnished, with a comprehensive laundry facility featuring over five coin-operated washers and dryers. List agent is part owner.