Signalized Commercial Corner
New
For Sale
$450,000
168 Kingston Ave, Wurtsboro, NY 12790
Signalized intersection location with an existing building requiring renovation or replacement.
Property Size1,440 SF
Days on Market4
Property Features for 168 Kingston Ave
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,055
Building Details
Building Size
1,440 SF
Listing Agency:
Keller Williams Hudson Valley Realty & United
(845) 800-8576
Listed By:
Lynelle D Alessi
(845) 800-8576
Source:
Elliman
Added: Aug 8
Changed: Aug 10
Last Checked: Aug 10 at 6:39AM
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 Keller Williams Hudson Valley Realty & United
Investment Insights
Based on property information with market context.
Commercial land at 168 Kingston Ave includes a corner parcel at State Route 209/Kingston Ave and Sullivan Street, with a signal light controlling the intersection. An existing building remains on the site after sustaining accident damage and is positioned for renovation or replacement. The property is identified for potential retail, medical or professional office, pharmacy, take-out, and salon uses.
Traffic exposure includes nearly 6,000 vehicles daily on Route 209 and more than 4,000 on Sullivan Street. The site is about a mile from NYS Route 17 and sits across from two gas stations with convenience stores and Dunkin' Donuts. Nearby businesses include Pasta Doro, a diner, The Red Dot, and several local shops.
Traffic exposure includes nearly 6,000 vehicles daily on Route 209 and more than 4,000 on Sullivan Street. The site is about a mile from NYS Route 17 and sits across from two gas stations with convenience stores and Dunkin' Donuts. Nearby businesses include Pasta Doro, a diner, The Red Dot, and several local shops.
Key Highlights
- Corner parcel at State Route 209/Kingston Ave and Sullivan Street
- Signal light at the intersection
- Nearly 6,000 vehicles pass daily on Route 209
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
$17,382
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
3.86%
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%
$347,640
$347.6K
Cap Rate 7%
$248,314
$248.3K
Cap Rate 9%
$193,133
$193.1K
Market Conditions
NOI Build-Up for 1,440 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
$25.9K $18.00/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$24.8K $17.24/SF
− OpEx
−$7.4K −$5.17/SF
NOI
$17.4K $12.07/SF
Area
Sullivan County, NY
Vacancy
4.20%
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%
$347,640
Cap Rate 7%
$248,314
Cap Rate 9%
$193,133
Alternative Uses
Best Use
Retail
$248.3K
$217.3K – $289.7K
NOI $17,382 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Dunkin' Donuts
Dining
9,093 visits/mo
0.1 miles
Mobil
Shops & Services
7,804 visits/mo
0.1 miles
Chase Bank
Shops & Services
4,161 visits/mo
0.2 miles
Wayne Bank
Shops & Services
948 visits/mo
0.4 miles
Demographics for 12790, NY
4,817
Population
2,827
Households
1.7
Avg Household Size
47
Median Age
32%
College-Educated
89%
High-School Grad
51.5 sq mi
ZIP Area
94
Density / Sq Mi
$82,772
Median Household Income
$52,448
Median Earnings
$1,414
Median Rent
$203,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Signalized intersection location with an existing building requiring renovation or replacement.
Where is this commercial land located?
The property is located at 168 Kingston Ave Wurtsboro, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Corner parcel at State Route 209/Kingston Ave and Sullivan Street; Signal light at the intersection; Nearly 6,000 vehicles pass daily on Route 209
