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155 Summerset Road, Stuyvesant, NY 12173

$2,990,000
Active for Sale
 
Listing ID 10674332
Property Type Commercial Building
County Columbia
Township Stuyvesant
School KINDERHOOK CENTRAL SCHOOL DISTRICT
Total Tax $52,410
Tax ID 105200-042.000-0001-028.012
FEMA Flood Map fema.gov/portal
Virtual Tour

Manufactured Housing Community

The new 1 Million Square Feet Amazon Distribution Center has broken ground and this community has the only affordable housing approvals within 10 miles. Stuyvesant NY is only 17 miles from Albany and 8 Miles from the city of Hudson, with easy access to Amtrak. Near Valatie and Kinderhook in the Ichabod Crane School District, the property is Located in Columbia County where vacancy is to low to be measured and with a ten mile radius of the new 1 Million Square Feet Amazon Distribution Center in Schodack, where 800+ new jobs will be entering the area. Currently 63 Rental Pads, 97% Occupancy. 3 of the manufactured homes are rented by the community and all others are owned by the land lease tenants. Community is priced at a 7% cap rate, plus a contributory value for the additional 70 approved sites. Some of the infrastructure is in for the additional pad sites.
Unit Information
Unit #1 – Gross Area: 900, Rent Price: 750, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 1
Unit #2 – Gross Area: 1000, Rent Price: 750, Bedrooms: 2, Full Baths: 1, Occupied, Unit Count: 1
Unit #3 – Gross Area: 900, Rent Price: 850, Bedrooms: 2, Full Baths: 1, Occupied, Unit Count: 1
Unit #4 – Gross Area: 1600, Rent Price: 1800, Bedrooms: 3, Full Baths: 2, Unit Count: 1
Exterior Features
  • Community Water
  • Community Septic
Commercial Info
  • Summerset Landing (Business Name)
  • Class: 416
  • Uses: Manufactured Housing Community
  • 7% Cap. Rate
Income/Expenses
  • Gross Income $321,737
  • Net Income $153,811
  • Operating Exp $167,926
  • Management Exp $36,000
  • Maintainence Exp $2,100
  • Legal Exp $1,600
  • Insurance Exp $8,000
  • Electric Exp $11,200
  • Paid by Landlord: Water, Ground Maint.
Taxes and Fees
  • $52,410 Total Tax
Property History
new am 179900ltz: new am 169900ltz: new am 74900ltz:
Address List date Price Status Brokerage
8 Mahoney Rd., Stuyvesant, NY 12173 10/30/2015 $179,900 Active for Sale Simon Gray Realty, LTD
6 Hasbrouck Rd., Stuyvesant, NY 12173 3/01/2013 $169,900 Active for Sale Simon Gray Realty, LTD
155 Summerset Road, Stuyvesant, NY 12173 11/29/2011 $74,900 Active for Sale Simon Gray Realty, LTD

Listed By
Simon Gray Realty, LTD
Office: 845-750-3336
Mobile: 845-750-3336
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