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51-65 Albany Ave 21,216 SF 100% Leased Office Building Kingston, NY 12401 $2,795,000 ($131.74/SF) 6.80% Cap Rate



Investment Highlights
- Great property with high visibility.
Executive Summary
Situated at the confluence of Kingston's Uptown and Midtown districts, 65 Albany Ave offers a prime location for investors. Just off I-587 for quick access to the New York Thruway. The area is renowned for its vibrant arts and culture scene, with numerous art galleries, boutiques, and restaurants lining the streets. Investors will appreciate the proximity to historic landmarks like the Senate House State Historic Site and the Old Dutch Church. 65 Albany Ave presents an exceptional opportunity for investors seeking a prime location in the heart of Kingston.
Discover an exceptional investment opportunity at 65 Albany Ave, a premier 21,216 SF office building with 8 fully leased units. This meticulously maintained property, built in 1989 and thoughtfully renovated in 2025. Zoned T5-MS (Main Street Mixed Use), this centrally located property is the epitome of convenience and accessibility. With a 100% occupancy rate, savvy investors will find a compelling opportunity to secure a stable, income-generating asset in the thriving Kingston Uptown area. Immerse yourself in the promise of long-term returns and the prestige of prime commercial real estate with this remarkable property.
Discover an exceptional investment opportunity at 65 Albany Ave, a premier 21,216 SF office building with 8 fully leased units. This meticulously maintained property, built in 1989 and thoughtfully renovated in 2025. Zoned T5-MS (Main Street Mixed Use), this centrally located property is the epitome of convenience and accessibility. With a 100% occupancy rate, savvy investors will find a compelling opportunity to secure a stable, income-generating asset in the thriving Kingston Uptown area. Immerse yourself in the promise of long-term returns and the prestige of prime commercial real estate with this remarkable property.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
21,216 SF
Building Class
B
Year Built/Renovated
1989/2025
Price
$2,795,000
Price Per SF
$131.74
Cap Rate
6.80%
NOI
$190,196
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,254 SF
Slab To Slab
11’
Building FAR
0.19
Lot Size
2.50 AC
Opportunity Zone
Yes
Zoning
T5-MS - Main Street, Mixed Use. Flexible zoning.
Parking
80 Spaces (4 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0800-048.080-0001-009.000-0000 | Total Assessment | $146,000 |
| Land Assessment | $31,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $115,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
0800-048.080-0001-009.000-0000
Land Assessment
$31,000
Improvements Assessment
$115,000
Total Assessment
$146,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
51-65 Albany Ave

