Multi-Use Converted Church & Yurt in Stone Ridge, NY
Located in the historic district on busy Main Street (aka Route 209) in Stone Ridge, NY, this beloved property spans 3.4 landscaped acres and includes two buildings. In the front of the property, a mixed-use converted church is leased by Marbletown Multi-Arts, a popular yoga and dance studio. Behind it, a newly constructed yurt is used for events and ceremonies. Last, a spacious 2-bedroom apartment off the side entrance provides additional income. Three potential income streams at this super central, very unique property offers a compelling opportunity: current rents yield a 7% cap rate, with potential to reach 10% at market value.