Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    224 Fair St #4 Kingston, NY 12401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $600 /Mo ($2 SF/Yr)

    Private office suites with parking and included utilities for rent.

    Property size:
    3,570 SF
    Lot size:
    3,570 SF

    Property Features for 224 Fair St #4

    General Information

    Standard status
    Active
    Size
    3,570 SF

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Mary Orapello
    Source: Corcoran

    Listing Agency: HOWARD HANNA RAND REALTY Listing Agent: Mary Orapello

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Upscale Office Spaces with Parking

    Located at 224 Fair St, this property offers upscale office spaces suitable for entrepreneurs. The building provides amenities and parking. Currently, there are three spaces available. The first-floor suite, designated as 4A, offers 650 square feet. Suites 7 and 8 are located on the second floor, each offering 750 square feet. Suites 7 and 8 can be combined to create a 1500 square foot space. Rent includes parking on a first-come, first-served basis, heat, hot water, air conditioning, parking lot plowing, landscaping, access to a lunch room, two bathrooms, gas, and electric. Tenants are responsible for their own internet service. The property contains 3570 square feet.
    Location Intelligence

    Current Use by Public Records

    Choose Massage LLC Alternative Medicine Practice Chestnut Street Design ... Construction Company Dall Vechia Law ... Law Firm Dr. Arthur Sherman, ... Physician Lucy Goldfarb Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.0577
    Latitude
    41.932

    Nearby Similar for Lease

    • $2,588 /Mo
      1,294 SF

      New Retail Space in Kingston

      New retail space in a mixed-use complex with development funds.
      110 Cornell St, Kingston, NY 12401
      View Details
    • $1,814 /Mo
      907 SF

      New Retail Space in Kingston

      Brand new retail space in Midtown Arts District, Kingston, NY.
      110 Cornell St, Kingston, NY 12401
      View Details
    • $1,250 /Mo
      18,240 SF

      Kingston Commercial Space with Renovation

      18,240 SF commercial space in Kingston's Midtown Arts District.
      104 Smith Ave, Kingston, NY 12401
      View Details
    • $1,000 /Mo
      8,666 SF

      Kingston Office Space For Lease

      Office space for lease in Kingston's Historic Stockade District.
      10 Westbrook Ln, Kingston, NY 12401
      View Details
    • $600 /Mo
      3,570 SF

      Upscale Office Space with Parking

      Private office spaces available in Kingston with included amenities.
      224 A, Kingston, NY 12401
      View Details
    • $2,860 /Mo
      1,500 SF

      Kingston Retail/Office Business Space

      1500 SF retail/office space in prime shopping hub.
      1076 Morton Blvd, Kingston, NY 12401
      View Details
    • Sponsored
      $1,800 /Mo

      71 Albany Ave

      Excellent retail space. Centrally located with off street parking
      71 Albany Ave, Kingston, NY 12401
      View Details
    • $22 SF/Yr
      1,223 SF

      Kingston Office Space For Rent

      Office space for lease in uptown Kingston, New York.
      320-324 Washington Ave, Kingston, NY 12401
      View Details
    • $12 SF/Yr
      7,700 SF

      Kingston Retail Space For Rent

      Retail space available in Kingston's bustling retail corridor.
      767 E Chester St, Kingston, NY 12401
      View Details
    • $4,000 /Mo
      135 SF

      Kingston Office Space For Rent

      Office spaces in Kingston, NY, ranging from 290-2,900 SF.
      100-182 Aaron Ct, Kingston, NY 12401
      View Details
    • $14 SF/Yr
      2,573 SF

      Kingston Office Space Available

      Modern office space in Kingston, NY, with customizable floor plans.
      100 Stockade Dr, Kingston, NY 12401
      View Details
    • $3,500 /Mo

      High-Visibility Office Space Available

      2,000+ sq ft office space in prime location.
      790 Ulster Ave, Kingston, NY 12401
      View Details

    FAQs

    What type of property is this?
    Office units - Private office suites with parking and included utilities for rent.
    Where is this office units located?
    The property is located at 224 Fair St #4 Kingston, NY.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Upscale office spaces in a sought-after building.; - Rent includes parking, heat, hot water, air conditioning, plowing, landscaping, gas, and electric.; - Multiple office spaces available (650 sq ft, 750 sq ft, or combined 1500 sq ft).
    (845) 590-0386
    Request Owner's contact information
    224 Fair St #4 Kingston, NY 12401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    224 Fair St #4
    Kingston, NY 12401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 Fair St #4 Kingston, NY 12401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mary Orapello
    (845) 590-0386 (845) 338-5252
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!