Kingston Industrial Property for
For Sale
$2,799,999
15 Deyo Street, Kingston, NY 12401
39,000 SF industrial property in Kingston's Midtown district.
Property Size36,161 SF
Lot Size2.20 Acres
Price / SF$77.43
Days on Market239
Property Features for 15 Deyo Street
General Information
Standard status
Active
Size
36,161 SF
Lot size
2.20 Acres
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
WIN MORRISON REALTY
(845) 339-1144
Listed By:
WINTON MORRISON · License #37MO0764882
Source:
Corcoran
Added: Dec 4, 2025
Changed: Jul 10
Last Checked: Jul 31 at 10:02AM
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 WIN MORRISON REALTY
Investment Insights
Based on property information with market context.
Located in the heart of Kingston's rapidly transforming Midtown district, 15 Deyo Street offers approximately 39,000 square feet of single-story brick construction on a 2.2-acre lot. Originally built in the 1930s and used as a plating factory, the property features tall ceilings, exposed trusses, continuous natural light through large industrial windows and multiple skylights, and an open column grid. The fully sprinklered interior includes two drive-in bays that provide easy access for vehicles and loading. The property is located off Albany Avenue, Kingston's main commercial corridor, and offers convenient access to regional transit, the Thruway (I-87), and both Downtown and Uptown Kingston. The property is suitable for light manufacturing, creative production, or redevelopment, and has an array of potential uses, from warehousing, fabrication, or studio production to artist lofts, live/work spaces, or boutique residential conversions (subject to municipal approvals). Its generous floor area and solid brick construction lend themselves naturally to creative redevelopment while maintaining excellent fundamentals for industrial or logistics users.
Key Highlights
- Large 39,000 sq ft single‑story brick building on a 2.2‑acre lot offers substantial space and redevelopment potential.
- Located in Kingston's rapidly transforming Midtown district, providing access to a dynamic and culturally active market.
- Features tall ceilings, exposed trusses, large industrial windows, and multiple skylights, providing character and abundant natural light.
Financial Insights For Industrial
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 | $325.4k | $9.00 |
| − Vacancy | −$22.1k | −$0.61 |
| EGI | $303.3k | $8.39 |
| − OpEx | −$91.0k | −$2.52 |
| NOI | $212.3k | $5.87 |
36,161 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$8.10M
$7.09M – $9.45M
NOI $566,932 @ 7.0% cap · market cap 20.25%
Second Best
Warehouse
$4.18M
$3.65M – $4.87M
NOI $292,363 @ 7.0% cap · market cap 10.44%
Theoretical Best
Multifamily LT 5
$338.17M
$295.90M – $394.53M
NOI $23,671,838 @ 7.0% cap · market cap 845.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 39,000 SF industrial property in Kingston's Midtown district.
Where is this flex space located?
The property is located at 15 Deyo Street Kingston, NY.
What is the asking price?
The asking price for this property is $2,799,999.
What are key features of this property?
This property features: Large 39,000 sq ft single‑story brick building on a 2.2‑acre lot offers substantial space and redevelopment potential.; Located in Kingston's rapidly transforming Midtown district, providing access to a dynamic and culturally active market.; Features tall ceilings, exposed trusses, large industrial windows, and multiple skylights, providing character and abundant natural light.
