553 State Route 214 Chichester, NY $ 800,000
553 State Route 214
$ 800,000
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553 State Route 214

Chichester, NY, 12416
$ 800,000
Bedrooms-- Baths-- Sq 7,000

Monthly Estimate*

$ 4,991

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Commercial Property for sale in Chichester, NY

for $800,000. This 7,000 square foot building was built in 1900 on a lot size of 0.6.

Welcome to a great investment opportunity in picturesque Chichester, NY. This 3-story multi-family home consists of 5 fully renovated spacious apartments, four 2-bedroom/1-bathroom apartments on the 1st and 2nd floors, and a 1-bedroom/1-bathroom luxury loft apartment on the 3rd floor. All apartments have modern fixtures and finishes, and most have hardwood floors. The property features a large yard, laundry facilities and a paved parking lot. It is located in the heart of the Catskill Mountains, providing opportunities for rest, relaxation, and outdoor activities in a pristine wilderness. Furthermore, there are many opportunities for shopping and leisure activities in nearby historic Phoenicia and Woodstock, as well as great skiing at the Hunter and Bellayre Mountain resorts. Given its location and amenities, this property is a rewarding investment choice, with an 8.2% cap rate. Don’t miss the chance to own this profitable property in beautiful upstate New York. Seller financing is available.

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Commercial Active

Price

$ 800,000

Property Type

Commercial

Taxes

$ 12,200

Style

Multi Family

Lot Size

0.6

Year Built

1900

Town/City

Chichester

County/Region

Ulster

MLS | Web ID

896207

Features
General
Sewer Public Sewer
Heating Baseboard Oil
Cooling Multi Units
Utilities Electricity Connected Sewer Connected
Construction Materials Frame
Year Built 1900
Property Subtype Multi Family
Tax Year 2024
Parcel Number 5000-014.005-0001-015.120-0000
Gross Income 97342
County Ulster County
Operating Expense 19200
Insurance Expense 7700
Property Type Commercial Sale
Directions Follow I-87 S to NY-28 W in Ulster. Take exit 19 from I-87 N Follow NY-28 W to NY-214 N in Chichester Take NY-214N for 2 miles past the U.S. Post Office the property will be on the left look for the
High School Onteora High School
City Shandaken
High School District Onteora
Number Of Units Total 5
Elementary School Greater Plains Elementary School
Property Attached Y/N N
Tax Annual Amount 12200
Showing Instructions Contact seller Joshua Hurwitz at 845-510-9618 for all questions and to schedule showings.
Fuel Expense 6500
Middle/Junior High School Oneonta Middle School
Trash Expense 1700
Water Sewer Expense 300
Additional Parcels Y/N N
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Oneonta
Elementary School District Oneonta
Tax Assessed Value 92600
Cap Rate 8
Year Built Effective 1900
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Interior
Basement Bilco Door(s)
Total Stories 3
Basement Features Bilco Door(s)
Basement (Y/N) Y
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Exterior
Parking Features Off Street Private Off Street Private
Water Source Well
Total Parking 10
Parking Spaces 10
Building Area Total 7000
Waterfront Y/N N
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Internal Only
Street Number 1 553
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* Excluded Features
List By
Mark Karten PSA SRS

Listing Agent

Karten Real Estate Svcs Llc

Broker

929-605-5545

Contact

Affordability Calculator

$6,008
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,991
Monthly Property Taxes
$1,017
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5249492 Elementary School
5249493 Middle School
Onteora High School High School
Pricing History
DatePricePrice ChangeDescription
8/19/2025$800,000 Listed Price

Map


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553 State Route 214, Chichester, NY, 12416 is a Commercial Property for sale at $800,000 with 7,000 sqft and a lot size of 0.6. 553 State Route 214 was built in 1900. The property's zip code is 12416 which is in Chichester, NY