4 Hasbrouck Dr, Woodbourne, NY 12788

This 3 stories corner building consisting of 5696 square feet floor area having 20 room / dorm is located in Fallsburg / Woodbournes, a town in the very heart of popular predominately Jewish summer resort area known as the Catskills Borscht Belt. This is a legal and licensed rooming house, which has one commercial kitchen and two regular kitchens. There is a laundry room, storage and office in the building. This building sits on approximate 2 acres land. This property was renovated and new improvements were made in 2005-2006 and is in fair condition. Projected rent for single bed is $400.00 per month and $450.00 for double bed. There are 10 single bedrooms and 10 double bed rooms. If fully rented all year around, after paying $11,000.00 in real estate taxes, $2,400.00 for water and sewer, $9,500.00 for insurance, $3,000.00 for electric, $7,500.00 for oil, there is approximately $70,000.00 net operating income for this property. At present only a few rooms are rented on monthly basis, however, during the summer season the property is 100% occupied and the rent for each single bed room is almost $750.00 to $1,000.00 a week. There is a great upside potential for this property. Neighborhood Description Location Description: This 3 stories corner building consisting of 5696 square feet floor area having 20 room / dorm is located in Fallsburg / Woodbournes, a town in the very heart of popular predominately Jewish summer resort area known as the Catskills Borscht Belt, Sullivan County, New York.