Five-Unit Apartment
For Sale
$1,300,000
100 1/2 Kingston Avenue, Port Jervis, NY 12771
Townhouse-style apartments offer private entrances, outdoor areas, dedicated parking, and recent exterior improvements.
Property Size6,706 SF
Price / SF$193.86
Days on Market75
Property Features for 100 1/2 Kingston Avenue
General Information
Standard status
Active
Size
6,706 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
R1
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
5
Additional Details
Gross Income
$106,200
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,088
Building Details
Building Size
6,706 SF
Year Built
1990
Buildings
1
Stories
2
Units
5
Listing Agency:
KW Hudson Valley United
(845) 610-6065
Listed By:
Alyse Toffel · License #10401312176
(518) 491-2585
Source:
Alexandermadisonhomes
Added: Jul 7
Changed: Sep 18
Last Checked: Sep 18 at 3:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Hudson Valley United
Investment Insights
Based on property information with market context.
Built in 1990, this approximately 6,706-square-foot apartment property contains five townhouse-style residences on over half an acre. Four apartments offer 3 bedrooms and 2 baths, while one accessible single-level unit provides 2 bedrooms and 1.5 baths. Each residence has a private entrance, foyer, laundry hookups, living areas with high ceilings, and sliding doors opening to a private patio. Covered front porches, fenced outdoor areas, mature trees, and dedicated parking serve the individual units.
Recent improvements include a roof, siding, and gutters completed within the past two years, along with a freshly paved driveway. The property is 100% occupied, and all tenants are on month-to-month leases. Tenants pay their own gas, electric, and heat. The R1-zoned property is located at 100 1/2 Kingston Avenue in Port Jervis, 0.8 miles from the Port Jervis Metro-North/NJ Transit train station, with downtown restaurants, shopping, schools, and commuter rail service nearby.
Recent improvements include a roof, siding, and gutters completed within the past two years, along with a freshly paved driveway. The property is 100% occupied, and all tenants are on month-to-month leases. Tenants pay their own gas, electric, and heat. The R1-zoned property is located at 100 1/2 Kingston Avenue in Port Jervis, 0.8 miles from the Port Jervis Metro-North/NJ Transit train station, with downtown restaurants, shopping, schools, and commuter rail service nearby.
Key Highlights
- Five‑unit apartment property with approximately 6,706 square feet on over half an acre
- Unit mix includes four 3‑bedroom, 2‑bath apartments and one accessible 2‑bedroom, 1.5‑bath unit
- Built in 1990; new roof, siding, and gutters completed within the past two years
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
$51,194
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
3.94%
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%
$1,023,880
$1.0M
Cap Rate 7%
$731,343
$731.3K
Cap Rate 9%
$568,822
$568.8K
Market Conditions
NOI Build-Up for 6,706 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
$101.4K $15.12/SF
− Vacancy
−$8.3K −$1.24/SF
EGI
$93.1K $13.88/SF
− OpEx
−$41.9K −$6.25/SF
NOI
$51.2K $7.63/SF
Area
Sullivan County, NY
Vacancy
8.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
45.00%
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%
$1,023,880
Cap Rate 7%
$731,343
Cap Rate 9%
$568,822
Alternative Uses
Best Use
Apartment 5plus
$731.3K
$639.9K – $853.2K
NOI $51,194 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,755 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Townhouse-style apartments offer private entrances, outdoor areas, dedicated parking, and recent exterior improvements.
Where is this apartment building located?
The property is located at 100 1/2 Kingston Avenue Port Jervis, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Five‑unit apartment property with approximately 6,706 square feet on over half an acre; Unit mix includes four 3‑bedroom, 2‑bath apartments and one accessible 2‑bedroom, 1.5‑bath unit; Built in 1990; new roof, siding, and gutters completed within the past two years
