Income-Producing Mixed-Use
156 Broadway Kingston, NY 12401
156 Broadway, Kingston, NY, 12401
$875,000
For Sale
$875,000
Two-property package with income and upside potential in Port Ewen.
Property Size3,663 SF
Price / SF$238.88
Days on Market112
Property Features for 156 Broadway
General Information
- Standard status
- Active
- Size
- 3,663 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1955
Listing Agency
Gene Rios Realty LLC
(845) 532-4099
Listed by
Gene Rios · License #10401288113
(845) 532-4099
Source
Compass
Added: Mar 28 Checked: Jul 17 at 5:42 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 Gene Rios Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use package features two properties located in Port Ewen, New York. The properties include 154 Broadway and its adjacent neighbor at 156 Broadway. 154 Broadway is a fully renovated two-family residential property with both units currently leased. The units have been updated with new kitchens, renovated bathrooms, new hardwood flooring, and energy-efficient on-demand hot water heaters. Exposed brick detailing is present throughout. Tenants are responsible for all utilities. The property includes an oversized lot with off-street parking and additional storage. 156 Broadway is a mixed-use property consisting of a leased front commercial studio and a rear commercial space that will be available for lease-up upon the close of sale. The front studio is occupied by a creative tenant, and utilities are included in the lease. The space features high ceilings, an open floor plan, and street-facing display windows. The rear commercial space is a workshop and fabrication environment equipped with three-phase electric service and a new Reznor heating system. A dedicated storage shed at the rear of the property conveys with the sale. The package delivers in-place income with additional upside upon lease-up of the rear commercial space. The offering is suited for an investor seeking a stabilized income base with a value-add component, or an owner-occupant looking to operate from a commercial space while the residential units service the debt. The property is located in the Town of Esopus, Ulster County, with access to the Kingston Waterfront and the Rondout District.
Key Highlights
- Fully income‑producing mixed‑use package with immediate cash flow and diversified tenant mix.
- Upside potential through lease‑up of vacant commercial space (rear of 156 Broadway).
- 154 Broadway is fully renovated with new kitchens, bathrooms, hardwood flooring, and energy‑efficient on‑demand hot water heaters.
Local Financial Insights For Mixed Use
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 | $65.9k | $18.00 |
| − Vacancy | −$4.0k | −$1.08 |
| EGI | $62.0k | $16.92 |
| − OpEx | −$23.2k | −$6.34 |
| NOI | $38.7k | $10.58 |
3,663 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$34.26M
$29.97M – $39.96M
NOI $2,397,886 @ 7.0% cap · market cap 274.04%
Second Best
Apartment 5plus
$29.83M
$26.10M – $34.81M
NOI $2,088,360 @ 7.0% cap · market cap 238.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-property package with income and upside potential in Port Ewen.
Where is this mixed-use property located?
The property is located at 156 Broadway Kingston, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully income‑producing mixed‑use package with immediate cash flow and diversified tenant mix.; Upside potential through lease‑up of vacant commercial space (rear of 156 Broadway).; 154 Broadway is **fully renovated with new kitchens, bathrooms, hardwood flooring, and energy‑efficient on‑demand hot water heaters.**
