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17 Prince St 4 Unit Apartment Building $530,000 ($132,500/Unit) 7.45% Cap Rate Kingston, NY 12401
Executive Summary
Discover a prime investment at 17 Prince St, Kingston, NY, a well-situated 4-unit multifamily property in the vibrant downtown 12401 district. Built in 1960, the 2,652 sq ft building sits on a .13-acre lot, zoned T4N, and features oil heating, surface parking, and stable occupancy. With a walk score of 83, it attracts urban renters seeking convenience to shops, transit, and schools. This opportunity offers solid cash flow potential and value-add upside in a high-demand rental market
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $530,000 | Building Class | C |
| Price Per Unit | $132,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,680 SF |
| Cap Rate | 7.45% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.43/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-2 | ||
| Price | $530,000 |
| Price Per Unit | $132,500 |
| Sale Type | Investment |
| Cap Rate | 7.45% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,680 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 0800-056.026-0006-009.000-0000 | Improvements Assessment | $166,000 |
| Land Assessment | $29,000 | Total Assessment | $195,000 |
Property Taxes
Parcel Number
0800-056.026-0006-009.000-0000
Land Assessment
$29,000
Improvements Assessment
$166,000
Total Assessment
$195,000
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Presented by
Stefanie A Sickler, Licensed Real Estate Broker
17 Prince St
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