Corner Mixed-Use Investment
For Sale
$499,900
100 Foxhall Avenue, Kingston, NY 12401
Fully leased mixed-use property with a retail restaurant space, two apartments, basement storage, and a detached garage.
Property Size2,783 SF
Days on Market67
Property Features for 100 Foxhall Avenue
General Information
Standard status
Active
Size
2,783 SF
Property subtype
Business
Occupancy
100%
Financials
Cap Rate
6%
Business Included
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,040
Building Details
Building Size
2,783 SF
Year Built
1890
Tenancy
Multi
Listing Agency:
Berardi Realty
(845) 201-1111
Listed By:
Gregory Berardi · License #10311209045
Source:
Berardirealty
Added: Jun 22
Changed: Aug 25
Last Checked: Aug 26 at 2:52PM
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 Berardi Realty
Investment Insights
Based on property information with market context.
100 Foxhall Ave is a fully leased mixed-use property positioned on a prominent corner in Midtown Kingston. The building includes an established retail restaurant space currently occupied by a long-standing neighborhood deli, along with two residential apartments. Additional improvements include a full basement, off-street parking, and a detached 20x20 garage.
The utility setup includes all-electric separate metering. The retail space and the 2-bedroom apartment share a natural gas boiler, while the 1-bedroom apartment has its own separate gas boiler. The property benefits from a Midtown location with close proximity to Uptown Kingston, the Rondout waterfront, and major commuter routes.
With retail and residential components under one roof, the configuration provides multiple income streams alongside basement storage and supplementary garage space.
The utility setup includes all-electric separate metering. The retail space and the 2-bedroom apartment share a natural gas boiler, while the 1-bedroom apartment has its own separate gas boiler. The property benefits from a Midtown location with close proximity to Uptown Kingston, the Rondout waterfront, and major commuter routes.
With retail and residential components under one roof, the configuration provides multiple income streams alongside basement storage and supplementary garage space.
Key Highlights
- Fully leased mixed‑use building with a retail restaurant space plus two residential apartments at 100 Foxhall Ave in Midtown Kingston
- All‑electric setup with separate electric meters; retail restaurant and the 2‑bedroom apartment share a natural gas boiler
- 1‑bedroom apartment has its own separate gas boiler for independent heating
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
$35,993
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
7.20%
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%
$719,860
$719.9K
Cap Rate 7%
$514,186
$514.2K
Cap Rate 9%
$399,922
$399.9K
Market Conditions
NOI Build-Up for 2,783 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
$50.1K $18.00/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$48.0K $17.24/SF
− OpEx
−$12.0K −$4.31/SF
NOI
$36.0K $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%
$719,860
Cap Rate 7%
$514,186
Cap Rate 9%
$399,922
Alternative Uses
Best Use
Multifamily LT 5
$26.03M
$22.77M – $30.36M
NOI $1,821,817 @ 7.0% cap · market cap 364.44%
Second Best
Apartment 5plus
$22.67M
$19.83M – $26.44M
NOI $1,586,652 @ 7.0% cap · market cap 317.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,378
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased mixed-use property with a retail restaurant space, two apartments, basement storage, and a detached garage.
Where is this duplex located?
The property is located at 100 Foxhall Avenue Kingston, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Fully leased mixed‑use building with a retail restaurant space plus two residential apartments at 100 Foxhall Ave in Midtown Kingston; All‑electric setup with separate electric meters; retail restaurant and the 2‑bedroom apartment share a natural gas boiler; 1‑bedroom apartment has its own separate gas boiler for independent heating
