72-76 Main Street, Philipstown, New York 10516 (MLS# H6244463)
Commercial Sale listing in Putnam County
Listing IDH6244463
Sold For$1,750,000
StatusClosed
Sold Date11/01/2023
CountyPutnam
Property TypeCommercial Sale
Property Sub TypeMixed Use
A unique mixed-use building in the heart of Cold Spring. Only 1,500 feet to the Metro North station and the River Front; and under 1 mile to the trail heads for Little Stony Point and Breakneck Ridge. 72 Main: 750-800 SqFt storefront with large windows fronting Main St with adjacent garden area. 1-bedroom 2nd Fl apt is flooded with natural light, has village views, and a delightful back deck which overlooks the garden space. 76 Main: Anchored by highly acclaimed French restaurant, Le Bouchon. 2nd & 3rd floors are 900+ SqFt, renovated, two-bedroom apts with hard wood floors, tons of natural light, and views of Main St and the garden space below. Top floor even boasts river views! The large patio space is currently used for outdoor dining; potential to use the garden space in a similar manner. Perfect investment property or owner/operator scenario. Investor: opportunity to quickly realize an 8-10% CAP rate. Owner/operator use 72 Main retail space; and still capture a 6-8% CAP rate.
County
Putnam
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Current Use
Mixed Use
Mls Status
U
Village
Cold Spring
Area Units
Square Feet
Cooling
yes
Cooling Type
Ductless
Heating
Electric, Oil, Hot Water
Hot Water Features
Fuel Oil Stand Alone
Square Footage
4826.00
Directions
Corner of Main and Fair Street in Village of Cold Spring NY. Across the street from Village Hall
Elementary School District
Haldane
High School District
Haldane
Middle Or Junior School District
Haldane
MLS Area Minor
99
Township
Philipstown
Zoning Description
Comm
Construction Materials
Brick, Frame
Lot Size Units
Acres
Number Of Buildings
2
Number Of Units Total
5
Sewer
Public Sewer
State Or Province
NY
Water Source
Public
High Price Dollars
1925000
Modifications Exclusions
M1 Buyer Exclusions,M3 IAW,M4 Commission Modification
Tax Annual Amount
30136
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