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71 Albany Ave 5,000 SF Vacant Retail Building Kingston, NY 12401 $839,900 ($167.98/SF) 8% Cap Rate
Investment Highlights
- Location central and near NYS Thruway
- Long term tenants
- All update heated/cooling, LED lighting
Executive Summary
Prime Kingston stockade district commercial retail building fully rented with 6 units. 3 retail spaces with sidewalk and glass storefront windows, plus 3 additional rental units in back of the building. Building is fully rented with leased occupants. 12' ceilings, new heating and cooling with separate backup systems. Building has a 20 car parking lot with charging station with additional rear building entrance. Building has 5 bathrooms and all new LED lighting.
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 |
$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 - 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 | $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 or Owner User
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1952
Price
$839,900
Price Per SF
$167.98
Cap Rate
8%
NOI
$67,192
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.42 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial stockade district building in the heart of Kingston. Easily accessible just off the NYS thruway and at the base of Rt 9w.
Parking
22 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
64’ on Albany Ave
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-048.080-0001-008.000-0000 | Total Assessment | $343,000 (2025) |
| Land Assessment | $104,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $239,000 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0800-048.080-0001-008.000-0000
Land Assessment
$104,000 (2025)
Improvements Assessment
$239,000 (2025)
Total Assessment
$343,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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71 Albany Ave
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