Medical Office Condo
117 Marys Avenue Ste 104 Kingston, NY 12401
117 Marys Avenue Ste 104, Kingston, NY, 12401
$259,900
For Sale
$259,900
First-floor suite includes a waiting room, multiple exam rooms, and two restrooms, plus private doctor office amenities.
Property Size1,239 SF
Price / SF$209.77
Days on Market200
Property Features for 117 Marys Avenue Ste 104
General Information
- Standard status
- Active
- Size
- 1,239 SF
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing agency
Vetere, Karen Real Estate
(845) 532-3082
Listed by
Karen Vetere
Source
Berardirealty
Added: Jan 2 Updated: Jul 21 at 3:39AM Checked: Jul 21 at 3:39AM
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 Vetere, Karen Real Estate
Investment Insights
Based on property information with market context.
Medical office building offering nine condo units, with a first-floor suite configured for small medical professional use. The suite includes a waiting room, an office, two to three exam rooms, and two restrooms, including one in the doctor’s private office. The doctor’s private office also includes a kit area and storage closet. Recent improvements include new flooring, and the rooftop HVAC heat pump system supports the space.
The suite also provides access to two separate garage parking areas.
This offering is set within a medical office condominium building and is suited to office-based medical practices looking for a dedicated, first-floor layout.
The suite also provides access to two separate garage parking areas.
This offering is set within a medical office condominium building and is suited to office-based medical practices looking for a dedicated, first-floor layout.
Key Highlights
- Medical office building built in 1995 with 9 condo units
- First‑floor suite totals 1,239 SF and includes a waiting room and office areas
- Suite has 2–3 exam rooms plus two restrooms
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $33.60 |
| − Vacancy | −$5.3k | −$4.27 |
| EGI | $36.3k | $29.33 |
| − OpEx | −$14.5k | −$11.73 |
| NOI | $21.8k | $17.60 |
1,239 SF · lease $33.60/SF/yr · vacancy 12.70% · expense 40.00%
Alternative Uses
Best Use
Office B
$347.7K
$304.2K – $405.6K
NOI $24,337 @ 7.0% cap · market cap 9.36%
Second Best
Healthcare Medical
$311.5K
$272.6K – $363.4K
NOI $21,806 @ 7.0% cap · market cap 8.39%
Theoretical Best
Multifamily LT 5
$11.59M
$10.14M – $13.52M
NOI $811,078 @ 7.0% cap · market cap 312.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Daniel M. ...
Physician
Mehta Manish MD
Physician
WMCHealth Physicians Hematology ...
Physician
Albany Med Kingston ...
Medical Clinic
Vascular Group PLLC: ...
Physician
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FAQs
What type of property is this?
Medical Office Space - First-floor suite includes a waiting room, multiple exam rooms, and two restrooms, plus private doctor office amenities.
Where is this medical office space located?
The property is located at 117 Marys Avenue Ste 104 Kingston, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Medical office building built in 1995 with 9 condo units; First‑floor suite totals 1,239 SF and includes a waiting room and office areas; Suite has 2–3 exam rooms plus two restrooms
