740 BroadwayUlster Park, NY 12487

Property Details for 740 Broadway

Year built

1930

Lot size

3.20 AC

Property size (Sq ft)

3,360 SF

Zone code

GC

Property type

Investment properties

Property subtype

Live-work space

APN

512200 64.3-6-6.400

APU

51220064366400

Description

This exceptional 8-acre Ulster Park property offers a turnkey opportunity to own a renowned Hudson Valley winery. The 5,696 square foot estate includes three buildings: a historic 1890 structure housing a bar and event space, a charming three-bedroom, two-bathroom single-family home with a craft-style kitchen, granite countertops, and a Viking range, and an oversized barn converted into a wine tasting room. The property boasts a custom-made bar, a 36' x 40' deck with a pergola offering stunning mountain views, perfect for large gatherings. Additional features include paved parking, a drilled well serving both the house and winery, two 1000-gallon septic tanks, and a UV light system. The property is zoned GC and sits on four parcels along the highly visible 9W/Broadway, presenting significant upside potential. The assessed market value reflects all four parcels. This is a rare opportunity to acquire a well-established business with significant acreage in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $834,676

  6.5%

  $770,470

  7%

  $715,437

• Comparable approach

  Method

  Valuation

  Relative Method

  $441,969

  Geo Method

  $439,018

• Alternative Use

  Use

  Valuation

  Residential

  $955,383

  Hospitality

  $875,126

  Educational

  $728,094

  Medical

  $753,135

  Retail

  $1,132,591

Location Insight

City

Ulster Park

County

Ulster

State

New York

Latitude

41.8566

Longitude

-73.9709

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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