5-Unit Townhouse-Style Apartment
For Sale
$1,300,000
100 1/2 Kingston Avenue, Port Jervis, NY 12771
Commercial Sale, Port Jervis, NY
Property Size6,706 SF
Lot Size0.52 Acres
Price / SF$193.86
Days on Market48
Property Features for 100 1/2 Kingston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R1
Parking features
Assigned, Driveway
Fencing
Fenced
Appliances
Gas Range, Refrigerator, Gas Water Heater
Lot features
Back Yard, City Lot, Front Yard, Landscaped, Level, Near Public Transit, Near School, Near Shops, Paved, Private
Elementary school
East Main Street Elementary School
Middle school
Port Jervis Middle School
High school
Port Jervis Senior High School
Elementary school district
Port Jervis
Middle school district
Port Jervis
High school district
Port Jervis
Standard status
Active
APN
331300-003-000-0005-011.000-0000
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14088
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Baseboard
Water source
Public
Amenities
private entrance
covered front porch
private fenced patio
in-unit laundry
Building Details
Year built
1990
Floors in Building
2
Number of units
5
Flooring type
Laminate, Vinyl, Tile, Carpet
Building materials
Block, Vinyl Siding
Architectural style
Other
Listing Agency:
KW Hudson Valley United · Keller Williams Realty
(845) 610-6065
Listed By:
Alyse Toffel · License #10401312176
(518) 491-2585
Added: Jul 7
Changed: Aug 20
Last Checked: Aug 23 at 1:06PM
MLS# 1020785
Copyright © 2026 OneKey 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.
Built in 1990, this 6,706-square-foot apartment property contains five townhouse-style residences on 0.5162 acres. The unit mix includes four 3-bedroom, 2-bath apartments and one accessible 2-bedroom, 1.5-bath single-level apartment. Each residence has a private entrance, foyer, laundry hookups, living areas, a kitchen, and sliding doors opening to a private patio. Covered front porches and assigned driveway parking serve the individual units.
Recent exterior work includes a roof, siding, and gutters completed within the past two years. Additional property features include fenced patios, mature trees, public water, public sewer, natural-gas baseboard heat, and a combination of carpet, vinyl, tile, and laminate flooring. The property is 100% occupied with month-to-month leases, while residents pay their own gas, electric, and heat.
The 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 and near downtown restaurants, shopping, schools, and commuter rail service.
Recent exterior work includes a roof, siding, and gutters completed within the past two years. Additional property features include fenced patios, mature trees, public water, public sewer, natural-gas baseboard heat, and a combination of carpet, vinyl, tile, and laminate flooring. The property is 100% occupied with month-to-month leases, while residents pay their own gas, electric, and heat.
The 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 and near downtown restaurants, shopping, schools, and commuter rail service.
Key Highlights
- 5‑unit apartment building with four 3‑bedroom, 2‑bath units and one accessible 2‑bedroom, 1.5‑bath apartment
- 6,706 SF building on 0.5162 acres
- 100% occupied with month‑to‑month leases
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes a private entrance, covered porch, fenced patio, and assigned parking.
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: 5‑unit apartment building with four 3‑bedroom, 2‑bath units and one accessible 2‑bedroom, 1.5‑bath apartment; 6,706 SF building on 0.5162 acres; 100% occupied with month‑to‑month leases
