LAKE KATRINE – It looks like Ulster County government is going to get the 310,000 square foot commercial building at 701 Grant Avenue in Lake Katrine off its hands.
County Executive Jen Metzger announced on Thursday that the agreed upon selling price is $4 million with the net proceeds totaling more than $3.8 million with the money being added to the county fund balance.
She did not reveal who was buying the building.
“Today marks the conclusion of a long and intricate journey for the 701 Grant Avenue property,” said County Legislature Chairman Pewter Criswell. “With its sale, we not only bring closure to a taking chapter but also welcome its return to the tax rolls, fostering economic growth and vitality for our community.”
