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For SaleMulti FamilyMLS KEY1044242

29-45 Ridge Road

Marlboro, NY · Ulster County
Listed by
Keller Williams Realty
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
10,370 SF
Site
6.39 acres
Price / SF
$152
NOI
$140,000
Year built
1940
Zoning
RAG1
Stories
2

The offering

First time offered--Generational sale. The most sought after location in the rolling hills of Marlboro nestled amongst the working apple orchards and vineyards of the Hudson Valley. This esteemed property boasts 2 main residences, one with 2 car garage/storage and the second with an expanded barn/garage and storage area all set on 6.4 acres. The cottages and homes have been consistently rented for over 50 years with an owner who has preserved and maintained the integrity of the property and its structures. All major mechanicals have been replaced, metal roof installed, the grounds impeccably cared for and new blacktop access driveway and parking areas. There is potential for more rental income and currently the five units generate a substantial cash flow. Possible to add a sixth unit, all self-contained and zoned for multiple uses. Located in the heart of New York's apple country, surrounded by local activities, events and tourists that would accommodate hospitality use and all year-round tenancies. Great for owner occupancy and substantial rental income to offset. Call for your personal preview of this magnificent property today.

Building & site

Interest conveyedFee simple
Gross building area10,370 SF
Building typeMulti Family
Property typeMulti Family
Year built1940
Stories2
Land area6.39 acres
Land area, SF278,348 SF
WaterWell
SewerSeptic Tank, Shared Septic
HeatOil
Tax parcel513600108.2-3-30
Number of buildings6

Zoning & permitted uses

District
RAG1

Permitted uses are governed by the Marlboro zoning code and should be confirmed with the municipality. Ask a broker for the district summary.

Income & tenancy

Gross income (as reported)
$140,000

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2025 taxes$20,724
Assessed value$497,200
Land assessment$179,000
Full market value$852,099
Owner of recordCresent View Inc
School districtMarlboro
Property class280
Estimated annual tax, 2025 roll
County and town$6,217
School, Marlboro$13,007
Estimated total$19,225

The estimate is the assessed value at the current county, town, school and village rates. Not a bill: exemptions, and any change to the assessment or the rates, move it.

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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