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666 Broadway 5,570 SF 100% Leased Retail Building Kingston, NY 12401 $1,350,000 ($242.37/SF) 5.50% Cap Rate
Executive Summary
Positioned in the heart of Kingston's vibrant Midtown Business District, this exceptional three-story brick mixed-use building presents a rare opportunity to own a renovated, turnkey investment property along the city's bustling Broadway corridor. Ideally situated between the historic Uptown Stockade District and the Downtown Rondout Waterfront, the property benefits from outstanding visibility, steady foot traffic, and proximity to Kingston's thriving arts, dining, and cultural destinations. The approximately 2,950-square-foot ground floor is occupied by a well-established, fully operating restaurant and bar, providing immediate income from a prominent commercial space. Above, the second and third floors feature four beautifully renovated residential apartments, all completely updated in 2020 with modern kitchens, stylish bathrooms, separate electric services, and high-efficiency natural gas heating and hot water systems, offering comfort and energy efficiency for tenants. Additional improvements include new windows throughout the entire building, enhancing both aesthetics and efficiency. A full, clean basement provides abundant storage space for commercial or building use. Combining strong income potential, quality renovations, and an unbeatable location in one of Kingston's most dynamic commercial corridors, this is an outstanding investment opportunity for both seasoned investors and owner-operators alike.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,570 SF
Building Class
C
Year Built
1960
Price
$1,350,000
Price Per SF
$242.37
Cap Rate
5.50%
NOI
$74,250
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.84
Lot Size
0.07 AC
Zoning
C-2
Frontage
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-056.025-0001-020.000-0000 | Improvements Assessment | $371,000 |
| Land Assessment | $17,000 | Total Assessment | $388,000 |
Property Taxes
Parcel Number
0800-056.025-0001-020.000-0000
Land Assessment
$17,000
Improvements Assessment
$371,000
Total Assessment
$388,000
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666 Broadway
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