438-440 Abeel St, Kingston, NY 12401

The New Ulster Marina features 2.97 acres and 1,200 linear feet of deep water frontage. The site’s favorable RF-R zoning designation offers investors a significant amount of opportunity. The New Ulster Marina property consists of a three-story structure with three bedrooms, residential upper duplex and deck, and commercial or additional residential space below as well as an additional 1/3 Acre of undeveloped land w/ 200 Linear Feet of Deep Waterfront Land. RFR Zoning. Excellent mooring. Lot is 73’ deep, 200’ of road frontage. Location: 420-434 Abeel St, Kingston. As is, the property offers in-place rental income, with its two residential apartments and an on site commercial workshop space currently fully rented at market rates. Based on historical usage the unmanaged operational marina has significant rental upside, as its existing 50 boat slips when rented are at below market rates. The marina has deep water capacity and the water frontage to double the amount of slips to 100 if desired. There are unused development rights which can be utilized for a multitude of desirable uses, including but not limited to restaurants, hotel/bed & breakfast and low density residential. In addition, the site’s ample direct waterfront access and scenic vistas make it an ideal location for a luxurious country home with private docking. The large 2nd floor has a nice open layout. There are two bedrooms and a bath; an eat-in kitchen with stainless steel appliances; a living room with oak floors, double height ceilings, exposed wood beams; and an area for a study/office. There is a deck off the living room overlooking the Rondout Creek. Most rooms have river views! A spiral staircase leads upstairs to the master suite with a private bath and open loft sitting area. There is an additional 1717 SF workshop situated approx. 200 ft from the main building. With 1200ft of water frontage, floating docks with approx. 60 slips, launching ramp and concrete sea wall, this property offers many marine related opportunities. Located on the Rondout Creek in Kingston, NY.