Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    159 Kingston St Kingston, NY 12401

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $950 /Mo ($1.71 SF/Yr)

    Second-floor office space in Uptown Kingston, utilities included.

    Property size:
    6,684 SF
    Lot size:
    0.25 Acres

    Property Features for 159 Kingston St

    General Information

    Standard status
    Active
    Size
    6,684 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Gregory Berardi
    Source: Corcoran

    Listing Agent: Gregory Berardi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Uptown Kingston Office Space

    Office space is available for rent on the second floor of a well-maintained building located in Uptown Kingston. The rental includes one private office, measuring 10.33 feet by 17.58 feet. Common restrooms are accessible in the hallway. The location provides convenient access to local shops, restaurants, and business amenities. This space is suitable for professionals, small businesses, or remote work. All utilities are included.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Building Supply Kitchen & Bath Daycare Center Storage Facility Garden Center Tech Support Center Plumbing Service Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -73.980049
    Latitude
    41.9381158

    Nearby Similar for Lease

    • Sponsored
      $1,800 /Mo

      71 Albany Ave

      Excellent retail space. Centrally located with off street parking
      71 Albany Ave, Kingston, NY 12401
      View Details
    • $2,860 /Mo
      1,500 SF

      Retail/Office Space in Kingston Plaza

      1500 SF retail/office space in a prime Ulster County location.
      1076 Morton Blvd, Kingston, NY 12401
      View Details
    • $1,250 /Mo
      18,240 SF

      Kingston Commercial Space with Renovation

      18,240 SF commercial space in Kingston's Midtown Arts District.
      104 Smith Ave, Kingston, NY 12401
      View Details
    • $600 /Mo
      3,570 SF

      Upscale Office Space with Parking

      Private office spaces available in Kingston with included amenities.
      224 A, Kingston, NY 12401
      View Details
    • $1,000 /Mo
      8,666 SF

      Kingston Office Space For Lease

      Office space for lease in Kingston's Historic Stockade District.
      10 Westbrook Ln, Kingston, NY 12401
      View Details
    • $1,814 /Mo
      907 SF

      New Retail Space in Kingston

      Brand new retail space in Midtown Arts District, Kingston, NY.
      110 Cornell St, Kingston, NY 12401
      View Details
    • $2,588 /Mo
      1,294 SF

      New Retail Space in Kingston

      New retail space in a mixed-use complex with development funds.
      110 Cornell St, Kingston, NY 12401
      View Details
    • $14 SF/Yr
      11,215 SF

      Modern Office Space in Kingston

      Versatile office space with modern design and ample parking.
      100 Stockade Dr - Tenant, Kingston, NY 12401
      View Details
    • $2,000 /Mo
      4,337 SF

      Unique Gallery Space in Kingston

      Historic sanctuary converted to inspiring gallery/office space with modern amenities.
      131 Franklin St, Kingston, NY 12401
      View Details
    • $4,000 /Mo
      135 SF

      Kingston Office Space For Rent

      Office spaces in Kingston, NY, ranging from 290-2,900 SF.
      100-182 Aaron Ct, Kingston, NY 12401
      View Details
    • $2,500 /Mo
      1,000 SF

      Renovated Lofts in Uptown Kingston

      Historic lofts in vibrant Uptown, ideal for creative innovation.
      236 Wall St, Kingston, NY 12401
      View Details
    • $650 /Mo

      Historic Uptown Kingston Office Space

      Office space for rent in historic Uptown Kingston location.
      42 Crown St, Kingston, NY 12401
      View Details

    FAQs

    What type of property is this?
    Office space - Second-floor office space in Uptown Kingston, utilities included.
    Where is this office space located?
    The property is located at 159 Kingston St Kingston, NY.
    What is the lease rate?
    The lease rate is $1.71 SF/Yr.
    What are key features of this property?
    This property features: - Prime Uptown Kingston location with easy access to shops, restaurants, and business amenities.; - All utilities included in the rental price.; - Versatile office space suitable for professionals, small businesses, or remote work.
    Request Owner's contact information
    159 Kingston St Kingston, NY 12401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    159 Kingston St
    Kingston, NY 12401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    159 Kingston St Kingston, NY 12401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gregory Berardi
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.