Kingston Automotive Business and
For Sale
$1,399,000
334 Broadway, Kingston, NY 12401
Profitable auto repair business with multiple income-producing properties in Kingston.
Property Size9,580 SF
Lot Size0.58 Acres
Days on Market164
Property Features for 334 Broadway
General Information
Standard status
Active
Size
9,580 SF
Lot size
0.58 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,423
Building Details
Building Size
9,580 SF
Year Built
1966
Listing Agency:
Berardi Realty
(973) 495-7371
Listed By:
Yameil Nunez
(973) 495-7371
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 20 at 10:22AM
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.
Offered is a long-established and profitable automotive repair business in Kingston, operating for over 30 years. The offering includes the business, the primary commercial facility, an adjacent lot suitable for expansion, parking, or storage, a mixed-use building with two storefronts and two residential apartments, and a single-family home. The main auto repair business features a well-maintained commercial structure with four service bays, radiant heat, and tall ceilings capable of accommodating full-size box trucks. Heavy-duty infrastructure supports high-performance operations, and natural gas is available. The office area is equipped with mini-splits for efficient heating and cooling. The commercial property includes a total of four-bay auto shop. One lot contains a building with two storefronts and two apartments, auto office space, and two bays. Located on Broadway in a high-visibility Kingston corridor, the property supports steady traffic and strong customer retention. The location is less than two hours from New York City and 10 minutes from the NYS Thruway (I-87), with quick access to the Mid-Hudson Bridge toward Poughkeepsie. This property is suitable for an owner-operator or investor seeking a profitable business with real estate in a high-demand area of Kingston.
Key Highlights
- Profitable, established auto repair business (30+ years) included in sale
- Multiple income streams from commercial, residential, and business operations
- Four‑parcel property includes commercial building with 4‑bay auto shop, mixed‑use building (storefronts & apartments), single‑family home, and expansion lot**
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
$114,069
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
8.15%
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%
$2,281,380
$2.3M
Cap Rate 7%
$1,629,557
$1.6M
Cap Rate 9%
$1,267,433
$1.3M
Market Conditions
NOI Build-Up for 9,580 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
$172.4K $18.00/SF
− Vacancy
−$9.5K −$0.99/SF
EGI
$163.0K $17.01/SF
− OpEx
−$48.9K −$5.10/SF
NOI
$114.1K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,281,380
Cap Rate 7%
$1,629,557
Cap Rate 9%
$1,267,433
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,069 @ 7.0% cap · market cap 8.15%
Second Best
Industrial
$803.6K
$703.1K – $937.5K
NOI $56,250 @ 7.0% cap · market cap 4.02%
Theoretical Best
Multifamily LT 5
$89.59M
$78.39M – $104.52M
NOI $6,271,292 @ 7.0% cap · market cap 448.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
31k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Burger King
Dining
14,573 visits/mo
0.1 miles
Speedway
Shops & Services
9,069 visits/mo
0.1 miles
Valero Energy
Shops & Services
7,408 visits/mo
0.1 miles
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 Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Qmc Technologies — 88 W Chester St, Kingston, NY 12401
- Dynamic Automotive — 4 Wurts St, Kingston, NY 12401
- Bob's Automotive Repair — 336 Broadway, Kingston, NY 12401
- Chris's Automotive Auto Body Repair — 97 Pine Grove Ave, Kingston, NY 12401
- A & H Automotive — 13 Dederick St, Kingston, NY 12401
Frequently Asked Questions
What type of property is this?
Auto shop - Profitable auto repair business with multiple income-producing properties in Kingston.
Where is this auto shop located?
The property is located at 334 Broadway Kingston, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Profitable, established auto repair business (30+ years) included in sale; Multiple income streams from commercial, residential, and business operations; Four‑parcel property includes commercial building with 4‑bay auto shop, mixed‑use building (storefronts & apartments), single‑family home, and expansion lot**
