Kingston Midtown Adaptable Commercial
417 Albany Avenue Kingston, NY 12401
417 Albany Avenue, Kingston, NY, 12401
$295,000
For Sale
$295,000
Versatile 1,000+ sq ft building in Kingston's Midtown corridor.
Property Size1,045 SF
Price / SF$282.30
Days on Market599
Property Features for 417 Albany Avenue
General Information
- Standard status
- Active
- Size
- 1,045 SF
- Property subtype
- Commercial Sale / Office
Building Details
- Year Built
- 1930
Listing Agency
SVN Deegan-Collins Commercial
(845) 430-6596
Listed by
Joseph Deegan · License #31DE0891986
(845) 430-6596
Source
Compass
Added: Nov 26, 2024 Checked: Jul 17 at 5:18 am
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 SVN Deegan-Collins Commercial
Investment Insights
Based on property information with market context.
This building, offering over 1,000 sq ft of adaptable space, is located in Kingston's Midtown corridor. The interior features a versatile layout suitable for a variety of professional and commercial uses, accommodating both private offices and open work areas. Large windows provide natural light. A small rear parking area offers convenience for employees and customers. Situated on Albany Avenue, the property benefits from visibility and access to Uptown Kingston and the NYS Thruway.
Key Highlights
- Adaptable 1,000+ sq ft space suitable for various professional/commercial uses.
- Strategic location on Albany Avenue with high visibility.
- Easy access to Uptown Kingston and NYS Thruway.
Local Financial Insights For Office B
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 | $31.4k | $30.00 |
| − Vacancy | −$4.0k | −$3.81 |
| EGI | $27.4k | $26.19 |
| − OpEx | −$6.8k | −$6.55 |
| NOI | $20.5k | $19.64 |
1,045 SF · lease $30.00/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$293.2K
$256.6K – $342.1K
NOI $20,526 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.77M
$8.55M – $11.40M
NOI $684,081 @ 7.0% cap · market cap 231.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lindgren Thomas F ...
Accounting Firm
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FAQs
What type of property is this?
Office units - Versatile 1,000+ sq ft building in Kingston's Midtown corridor.
Where is this office units located?
The property is located at 417 Albany Avenue Kingston, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Adaptable 1,000+ sq ft space suitable for various professional/commercial uses.; Strategic location on Albany Avenue with high visibility.; Easy access to Uptown Kingston and NYS Thruway.
