Turnkey Five-Unit Townhouse Apartment
For Sale
$1,300,000
100 1/2 Kingston Avenue, Port Jervis, NY 12771
Built in 1990, this 5-unit townhouse-style apartment building is turnkey and currently fully occupied.
Property Size6,706 SF
Price / SF$193.86
Days on Market49
Property Features for 100 1/2 Kingston Avenue
General Information
Standard status
Active
Size
6,706 SF
Total Parking Spaces
5
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,502
Building Details
Building Size
6,706 SF
Year Built
1990
Listing Agency:
KW Hudson Valley United
(518) 491-2585
Listed By:
Alyse Toffel · License #10401312176
Source:
Resortrealtycatskills
Added: Jul 7
Changed: Aug 24
Last Checked: Aug 23 at 9:53AM
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 well-maintained five-unit townhouse-style apartment building offers a turnkey income stream and a layout designed for tenant privacy. The property contains four spacious 3-bedroom, 2-bath units and one accessible 2-bedroom, 1.5-bath single-level apartment. Each residence features a private entrance, a welcoming foyer with a coat closet, in-unit laundry nook with washer/dryer hookups, generous living areas with high ceilings, and sliding glass doors that open to a private patio. Exterior features include a covered front porch, a private fenced patio, and a dedicated parking space off a freshly paved driveway. Recent capital improvements include a new roof, siding, and gutters completed within the past two years.
The building is located about 0.8 miles from the Port Jervis Metro-North/NJ Transit train station and within a walkable area to downtown Port Jervis, restaurants, shopping, and schools. The property is currently 100% occupied, with all tenants on month-to-month leases. Current gross rental income is $106,200 annually, and tenants pay their own gas, electric, and heat.
The building is located about 0.8 miles from the Port Jervis Metro-North/NJ Transit train station and within a walkable area to downtown Port Jervis, restaurants, shopping, and schools. The property is currently 100% occupied, with all tenants on month-to-month leases. Current gross rental income is $106,200 annually, and tenants pay their own gas, electric, and heat.
Key Highlights
- 1990‑built 5‑unit townhouse‑style multifamily with approximately 6,706 SF and four 3BR/2BA plus one accessible 2BR/1.5BA single‑level unit
- Currently 100% occupied with all tenants on month‑to‑month leases
- Recent exterior improvements within the past two years include a new roof, siding, and gutters
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
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 - Built in 1990, this 5-unit townhouse-style apartment building is turnkey and currently fully occupied.
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: 1990‑built 5‑unit townhouse‑style multifamily with approximately 6,706 SF and four 3BR/2BA plus one accessible 2BR/1.5BA single‑level unit; Currently 100% occupied with all tenants on month‑to‑month leases; Recent exterior improvements within the past two years include a new roof, siding, and gutters
