First-Floor Medical Condo
117 Marys Avenue Kingston, NY 12401
117 Marys Avenue, Kingston, NY, 12401
$259,900
For Sale
$259,900
COMMERCIAL - Kingston, NY
Property Size1,239 SF
Lot Size0.44 Acres
Price / SF$209.77
Days on Market202
Property Features for 117 Marys Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- r-1
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking
- 90
- Security features
- Security Lighting
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 56.33
- Size
- 1,239 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Description
- 56.33-4-36.104
- Tax Annual Amount
- 6966
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1995
- Floors in Building
- 3
- Flooring type
- Laminate
- Roof type
- Membrane
Listing agency
Vetere, Karen Real Estate
(845) 338-0571
Listed by
Karen Vetere
(845) 532-3082
Added: Jan 1 Updated: Jun 16 at 10:58AM Checked: Jul 22 at 3:06PM
MLS# 20260016
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office building is configured as nine condo units, offering a first-floor suite designed for small medical professional use. The unit includes a waiting room, an office, two to three exam rooms, and two restrooms, along with a kitchenette area and a storage closet located within the doctor’s private office. Interior updates include new flooring. Mechanical improvements consist of an HVAC rooftop unit with a heat pump, and the roof has been updated as well.
Located at 117 Marys Avenue in Kingston, NY 12401, the property sits on a 0.44-acre lot. Parking is supported by two garage parking areas, which can help accommodate patients and staff and reduce reliance on street parking. The property is zoned R-1.
For tenants or buyers seeking a ready-to-operate medical office environment, the suite’s room mix supports patient intake, clinical exam use, and private provider space within one unit. The dedicated restroom count and the presence of a kitchenette area add convenience for day-to-day operations. With updated flooring and HVAC/roof improvements already in place, this condo office is positioned for straightforward occupancy by a qualified medical practice.
Located at 117 Marys Avenue in Kingston, NY 12401, the property sits on a 0.44-acre lot. Parking is supported by two garage parking areas, which can help accommodate patients and staff and reduce reliance on street parking. The property is zoned R-1.
For tenants or buyers seeking a ready-to-operate medical office environment, the suite’s room mix supports patient intake, clinical exam use, and private provider space within one unit. The dedicated restroom count and the presence of a kitchenette area add convenience for day-to-day operations. With updated flooring and HVAC/roof improvements already in place, this condo office is positioned for straightforward occupancy by a qualified medical practice.
Key Highlights
- Medical office building with 9 condo units
- First‑floor unit 1239 SF with waiting room, office, 2–3 exam units, and multiple restrooms
- Includes one in‑doctor private office with kit area and storage closet
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $33.60 |
| − Vacancy | −$5.3k | −$4.27 |
| EGI | $36.3k | $29.33 |
| − OpEx | −$14.5k | −$11.73 |
| NOI | $21.8k | $17.60 |
1,239 SF · lease $33.60/SF/yr · vacancy 12.70% · expense 40.00%
Alternative Uses
Best Use
Office B
$347.7K
$304.2K – $405.6K
NOI $24,337 @ 7.0% cap · market cap 9.36%
Second Best
Healthcare Medical
$311.5K
$272.6K – $363.4K
NOI $21,806 @ 7.0% cap · market cap 8.39%
Theoretical Best
Multifamily LT 5
$11.59M
$10.14M – $13.52M
NOI $811,078 @ 7.0% cap · market cap 312.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Daniel M. ...
Physician
Mehta Manish MD
Physician
WMCHealth Physicians Hematology ...
Physician
Albany Med Kingston ...
Medical Clinic
Vascular Group PLLC: ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Turnkey first-floor medical office layout with waiting room, exam rooms, and updated mechanicals plus garage parking.
Where is this medical office space located?
The property is located at 117 Marys Avenue Kingston, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Medical office building with 9 condo units; First‑floor unit 1239 SF with waiting room, office, 2–3 exam units, and multiple restrooms; Includes one in‑doctor private office with kit area and storage closet
