Three-Story Mixed-Use
For Sale
$1,350,000
666 Broadway, Kingston, NY 12401
Commercial Sale, Kingston, NY
Property Size5,576 SF
Lot Size0.07 Acres
Price / SF$242.11
Days on Market64
Property Features for 666 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
T5MS
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Security features
Security System
Basement
Interior Entry, Full
Appliances
Refrigerator, Microwave, Gas Range, Dishwasher
Lot features
Corner Lot
Elementary school
Chambers K-4
Elementary school district
Kingston Consolidated
Middle school district
Kingston Consolidated
High school district
Kingston Consolidated
Directions
From NYS Thruway Exit 19, take the roundabout to the 3rd ext, Colonel Chandler Drive. Then bear right onto Broadway to the building on the corner of Downs St.
Subdivision
Kingston, City
Standard status
Active
APN
080005602500010200000000
Size
5,576 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
24254
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Baseboard
Cooling system
Ceiling Fan(s), Multi Units, Central Air
Water source
Public
Amenities
high-efficiency natural gas heating and hot water
basement storage
Building Details
Year built
1960
Floors in Building
3
Flooring type
Laminate, Tile - Ceramic
Building materials
Brick
Roof type
Mixed
Listing Agency:
Howard Hanna Rand Realty
(845) 338-5252
Listed By:
Vincenza Seche
(914) 388-4933
Added: Jul 15
Changed: Sep 13
Last Checked: Sep 16 at 9:06AM
MLS# 20263983
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 three-story brick mixed-use building contains 5,576 square feet on a 0.07-acre parcel. The approximately 2,950-square-foot ground floor is occupied by an operating restaurant and bar. Four residential apartments span the second and third floors, each updated in 2020 with modern kitchens, updated bathrooms, separate electric service, and natural gas heating and hot water. New windows extend throughout the building, while the full basement provides additional storage for commercial or building use.
Located at 666 Broadway in Kingston’s Midtown Business District, the property sits along the Broadway corridor between the Uptown Stockade District and the Downtown Rondout Waterfront. Zoning is T5MS. The building has public water and public sewer, with central air, multiple cooling units, and ceiling fans. Appliances include refrigerators, microwaves, gas ranges, and dishwashers.
Located at 666 Broadway in Kingston’s Midtown Business District, the property sits along the Broadway corridor between the Uptown Stockade District and the Downtown Rondout Waterfront. Zoning is T5MS. The building has public water and public sewer, with central air, multiple cooling units, and ceiling fans. Appliances include refrigerators, microwaves, gas ranges, and dishwashers.
Key Highlights
- 5,576‑square‑foot mixed‑use building on 0.07 acres
- Approximately 2,950‑square‑foot ground floor occupied by a restaurant and bar
- Four apartments renovated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,114
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,442,280
$1.4M
Cap Rate 7%
$1,030,200
$1.0M
Cap Rate 9%
$801,267
$801.3K
Market Conditions
NOI Build-Up for 5,576 SF
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.
Gross rent
$100.4K $18.00/SF
− Vacancy
−$4.2K −$0.76/SF
EGI
$96.2K $17.24/SF
− OpEx
−$24.0K −$4.31/SF
NOI
$72.1K $12.93/SF
Area
Ulster County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,442,280
Cap Rate 7%
$1,030,200
Cap Rate 9%
$801,267
Alternative Uses
Best Use
Apartment 5plus
$45.41M
$39.74M – $52.98M
NOI $3,179,005 @ 7.0% cap · market cap 235.48%
Second Best
Specialty Retail
$1.03M
$901.4K – $1.20M
NOI $72,114 @ 7.0% cap · market cap 5.34%
Theoretical Best
Multifamily LT 5
$52.15M
$45.63M – $60.84M
NOI $3,650,180 @ 7.0% cap · market cap 270.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 12401, NY
35,493
Population
16,914
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
58.9 sq mi
ZIP Area
603
Density / Sq Mi
$67,426
Median Household Income
$42,503
Median Earnings
$1,300
Median Rent
$285,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property with an operating restaurant and bar, four renovated apartments, and a full basement.
Where is this mixed-use property located?
The property is located at 666 Broadway Kingston, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,576‑square‑foot mixed‑use building on 0.07 acres; Approximately 2,950‑square‑foot ground floor occupied by a restaurant and bar; Four apartments renovated in 2020
