Kingston Commercial Building For
For Sale
$839,900
71 Albany Ave, Kingston, NY 12401
Fully leased, income-producing commercial building in Kingston, NY.
Property Size5,550 SF
Price / SF$151.33
Days on Market128
Property Features for 71 Albany Ave
General Information
Standard status
Active
Size
5,550 SF
Property subtype
Commercial
Building Details
Year Built
1952
Listing Agency:
BHHS HUDSON VALLEY PROP-L
(845) 473-1650
Listed By:
Karla Rauch
(845) 473-1650
Source:
Elliman
Added: Apr 1
Changed: Jul 10
Last Checked: Aug 6 at 7:18AM
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 BHHS HUDSON VALLEY PROP-L
Investment Insights
Based on property information with market context.
This 5,550 square foot commercial building is located in Kingston, NY, at the west end of the historic district and minutes from the Kingston exit of the NYS Thruway. Configured as 6 individual units, all on the street level, the building features 3 entrances on Albany Avenue. The main entrance opens to a foyer providing access to 4 businesses. Two additional private storefronts are also located on Albany Avenue. All three entrances feature large retail windows. The back of the building includes 20 designated parking spaces and a commercial-grade EV charging station. A full basement provides storage and utilities. Interior features include 12-foot ceilings, new LED lighting, upgraded heating and cooling systems with backup heating, a newer rubber roof, and new wall-to-wall carpet in the public hallways. An ATM is available on-site. The property has a bike score of 77, indicating it is very bikeable, and a walk score of 81, indicating it is very walkable. This is an investor-ready, income-producing property in a high-traffic area just off Broadway.
Key Highlights
- Fully leased, income‑producing commercial building with 5,550 sq. ft.
- Prime location: Minutes from NYS Thruway and at the west end of the historic district
- Six individual street‑level units with high visibility thanks to large retail windows
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
$66,084
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
7.87%
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%
$1,321,680
$1.3M
Cap Rate 7%
$944,057
$944.1K
Cap Rate 9%
$734,267
$734.3K
Market Conditions
NOI Build-Up for 5,550 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
$99.9K $18.00/SF
− Vacancy
−$5.5K −$0.99/SF
EGI
$94.4K $17.01/SF
− OpEx
−$28.3K −$5.10/SF
NOI
$66.1K $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%
$1,321,680
Cap Rate 7%
$944,057
Cap Rate 9%
$734,267
Alternative Uses
Best Use
Retail
$944.1K
$826.1K – $1.10M
NOI $66,084 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$51.90M
$45.41M – $60.55M
NOI $3,633,160 @ 7.0% cap · market cap 432.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,069
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Shops & Services 33%
Dining 4%
Hannaford
Groceries
45,701 visits/mo
0.4 miles
Sunoco
Shops & Services
5,752 visits/mo
0.3 miles
Mobil
Shops & Services
5,403 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
4,789 visits/mo
0.4 miles
Chase Bank
Shops & Services
4,260 visits/mo
0.5 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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- Brown's Florist — 248 Plaza Rd, Kingston, NY 12401
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased, income-producing commercial building in Kingston, NY.
Where is this storefront property located?
The property is located at 71 Albany Ave Kingston, NY.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Fully leased, income‑producing commercial building with 5,550 sq. ft.; Prime location: Minutes from NYS Thruway and at the west end of the historic district; Six individual street‑level units with **high visibility** thanks to large retail windows
