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Property Description

Excellent investment opportunity in one of Ulster County’s most desirable rental markets. This well-maintained Fair Market 22-unit multifamily property sits on a quiet residential street just minutes from the heart of the Village of Saugerties. The building features a mix of studio, one-bedroom, and two-bedroom apartments, with two three-bedroom duplex units providing strong occupancy and consistent rental income. The building also offers covered parking for most of the tenants and two garages. Each unit offers well-maintained common area entrances, separate utilities, and off-street parking, appealing to both long-term tenants and newcomers drawn to Saugerties’ growing community. The property benefits from public water and sewer, low village vacancy rates, and proximity to shopping, dining, and major commuter routes, including I-87 Exit 20. With stable cash flow and opportunity for future rent growth, 30 Lamb Avenue presents a rare chance to acquire a high-yield multifamily asset in a thriving Hudson Valley market. Major improvements include 22 new wall-mounted boilers (providing heat and hot water), updated kitchens and bathrooms throughout most units, hardwood flooring, tiled kitchens and bathrooms in most units, along with balconies off of the dining areas. There is a shopping plaza within a short walking distance of the property, and County bus transportation is available on the corner.

Features
Heating System:
Baseboard
Cooling System:
Wall/window Unit(s)
Basement:
Partially Finished
Parking Features:
Carport
Sewer:
Public Sewer
Utilities:
Trash Collection Public, Electricity Connected, Cable Connected, Water Connected, Sewer Connected, Phone Connected
Address Map
City:
Saugerties
State:
NY
County:
Ulster County
Directions:
From I-87 Exit 20, take NY-32 N/Route 212 E ˜1.2 mi into Saugerties, right on Market St 0.3 mi, then left on Lamb Ave. 30 Lamb Ave is on the right near Plaza Garden Apts.
Property and Construction
Development Status:
Brick
Elementary School:
Riccardi Elementary School
High School:
Saugerties Senior High School
Agent MlsId:
59688
Office MlsId:
BERARD
MiddleOrJunior School:
Saugerties Junior High School
Number Of Units:
22
Special Listing Conditions:
No
Stories Total:
2
Tax Annual Amount:
$46,425
Water Source:
Public
PhotosCount:
25

Commercial Sale For Sale

30 Lamb Avenue, Saugerties, NY

60,984 Acre
$4,200,000
Listing ID #924797
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
924797
Price :
$4,200,000
Bathrooms Total :
0
Building Area :
17,736 Sqft
Lot Area :
60,984 Acre
Year Built :
1959
Status :
Active
Status :
Active
Listing Office :
Berardi Realty
Listing Agent :
Gregory C. Berardi
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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