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23 Grand St 11,199 SF 100% Leased Office Building Kingston, NY 12401 $1,650,000 ($147.33/SF)
Investment Highlights
- Prime Midtown Kingston near shops, services, transportation, and municipal offices
- Off-street lot provides added value for tenants or future development
- Multiple redevelopment or owner-user opportunities
Executive Summary
An excellent investment opportunity in the heart of Midtown Kingston
This offering includes 23 & 27 Grand Street, a combined 11,199 sq. ft. building situated on two separate SBL parcels but operating as one contiguous property. The building’s size, flexible layout, and prime location provide a wide range of potential uses. The current building has over 20 private offices and 7 bathrooms. Total tax on the building is $65,338
In addition, the sale includes 40–44 Grand Street, a 0.66-acre lot located directly across from the building. This lot provides valuable off-street parking, development potential, or expansion opportunities.
Both properties fall within the T5 Flex Zoning District, which allows for a multitude of uses, including residential, commercial, office, and mixed-use development. This zoning flexibility makes the property well-suited for investors, developers, and owner-operators seeking to capitalize on Kingston’s thriving real estate market.
This offering includes 23 & 27 Grand Street, a combined 11,199 sq. ft. building situated on two separate SBL parcels but operating as one contiguous property. The building’s size, flexible layout, and prime location provide a wide range of potential uses. The current building has over 20 private offices and 7 bathrooms. Total tax on the building is $65,338
In addition, the sale includes 40–44 Grand Street, a 0.66-acre lot located directly across from the building. This lot provides valuable off-street parking, development potential, or expansion opportunities.
Both properties fall within the T5 Flex Zoning District, which allows for a multitude of uses, including residential, commercial, office, and mixed-use development. This zoning flexibility makes the property well-suited for investors, developers, and owner-operators seeking to capitalize on Kingston’s thriving real estate market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
11,199 SF
Building Class
C
Year Built/Renovated
1995/2000
Price
$1,650,000
Price Per SF
$147.33
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
5,600 SF
Building FAR
1.71
Lot Size
0.15 AC
Zoning
T5 FLEX
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Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 0800-056.025-0004-043.002-0000 | Improvements Assessment | $588,000 |
| Land Assessment | $36,000 | Total Assessment | $624,000 |
Property Taxes
Parcel Number
0800-056.025-0004-043.002-0000
Land Assessment
$36,000
Improvements Assessment
$588,000
Total Assessment
$624,000
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23 Grand St
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