Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    185 Smith Ave Kingston, NY 12401

    Sponsored
    For Sale
    Under Contract
    $575,000

    MULTI_FAMILY - Kingston, NY

    Property size:
    4,355 SF
    Lot size:
    0.11 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 26 at 4:06 am

    Property Features for 185 Smith Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    T4N
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
    Bedrooms
    3
    Bathrooms
    2
    APN
    48.333-9-16
    Appliances
    Washer/Dryer, Refrigerator, Freezer, Free-Standing Gas Oven, Free-Standing Freezer
    Size
    4,355 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Radiant, Oil
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1960
    Number of units
    3
    Flooring type
    Laminate, Tile - Ceramic, Vinyl, Carpet, Wood
    Building materials
    Block, Clapboard, Wood Siding
    Roof type
    Mixed, Shingle, Flat, Asphalt

    We can help!

    Listing Contact
    Brian Cafferty
    Brian Cafferty

    Halter Associates Realty (845) 679-2010

    Listing agent Brian Cafferty (914) 474-8480

    Listing date Dec 22, 2025

    MLS# 20256021 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Kingston Neighborhood Grocery Store

    This mixed-use property in Kingston features a neighborhood grocery store and an attached two-family home. The home includes a two-bedroom apartment on the ground floor and a one-bedroom apartment on the second floor, along with a large unfinished attic and full basement that extends under both the store and the house. The market spans approximately 2300 square feet, making it one of the larger neighborhood markets in Kingston. The property offers potential for various uses, including subdividing the market into two separate storefronts, subject to planning board and building department approval, potentially creating four revenue streams. The property is located across the street from a 40-unit senior housing complex, one block from 63 artist studios at the Shirt Factory, and two blocks from a new 113-unit housing development on Cornell Street. The market currently generates approximately $1 million in annual lottery ticket sales, representing roughly $60,000 in revenue, according to the sellers. The lot size is 0.11 acres, and the property size is 4355 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.002945
    Latitude
    41.932825

    Nearby Similar for Sale

    • $765,000
      Pending

      Kingston Mixed-Use Building For Sale

      Mixed-use building with bar, gallery, and apartments in Kingston.
      674 Broadway, Kingston, NY 12401
      View Details
    • $765,000
      Pending

      Kingston Mixed-Use Building with Apartments

      Mixed-use building with wine bar, gallery, and apartments.
      674 Broadway, Kingston, NY 12401
      View Details
    • $299,690
      Pending

      Spacious Multifamily Property in Kingston

      Multi-family property with 7 bedrooms in desirable Uptown Kingston.
      154 Fair St, Kingston, NY 12401
      View Details
    • $315,000
      Pending

      Fire-Damaged Uptown Kingston Multifamily Building

      Fire-damaged 4-family building in Uptown Kingston's Stockade District.
      165 Fair St, Kingston, NY 12401
      View Details
    • $434,753
      2,784 SF

      Spacious Kingston Duplex with Yard

      Centrally located 2-family home in mid-town Kingston.
      100 Gage St, Kingston, NY 12401
      View Details
    • New
      $599,900
      0.09 Acres

      Updated Three-Family Kingston Property

      Well-maintained three-family property in desirable Kingston neighborhood.
      113 Hone St, Kingston, NY 12401
      View Details
    • $1,150,000
      9,407 SF

      Kingston Office/Medical Space Available

      First-floor condominium with offices, therapy area, and potential pool.
      371 Broadway, Kingston, NY 12401
      View Details
    • $499,999
      Pending

      Kingston Two-Family Home with Charm

      Charming two-family home in Kingston, NY with income potential.
      11 3Rd Ave, Kingston, NY 12401
      View Details
    • $375,000
      1,500 SF

      Kingston Two-Family Home

      Traditional two-family home in the heart of Kingston, New York.
      57 Downs St, Kingston, NY 12401
      View Details
    • $339,900
      1,239 SF

      Kingston Medical Office Condo

      Medical office condo with exam rooms and garage parking.
      117 Marys Ave Unit, Kingston, NY 12401
      View Details
    • $399,900
      0.09 Acres

      Turnkey Two-Family in Midtown Kingston

      Two-family property with guaranteed rent payments and updated electrical.
      170 Downs St, Kingston, NY 12401
      View Details
    • $410,000
      Pending

      Kingston Two-Family Home

      Classic two-family home in Kingston's historic district.
      192 Washington Avenue Ext, Kingston, NY 12401
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Mixed-use property with grocery store and two-family home.
    Where is this grocery and convenience store located?
    The property is located at 185 Smith Ave Kingston, NY.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - High lottery ticket sales generating approximately $60,000 in revenue.; - Mixed-use property with a 2300 sq ft market and a 2-family home offering multiple revenue streams.; - Prime location across from senior housing, near artist studios and a new housing development.
    (914) 474-8480
    Request Owner's contact information
    185 Smith Ave Kingston, NY 12401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    185 Smith Ave
    Kingston, NY 12401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    185 Smith Ave Kingston, NY 12401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian Cafferty
    Brian Cafferty
    (914) 474-8480
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.