Standalone Retail
New
For Sale
$365,000
374 S Wall Street, Kingston, NY 12401
Commercial Sale, Kingston, NY
Property Size1,170 SF
Lot Size0.06 Acres
Price / SF$311.97
Days on Market3
Property Features for 374 S Wall Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
T4N-0
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Security features
Security
Exterior features
Lighting
Basement
Storage Space, Block
Appliances
Wine Cooler, Electric Water Heater
Lot features
Corner Lot
Directions
From NYS Thruway exit 19 to Washington Ave. Left on Greenkill Ave. to first intersection. Building on the corner of Greenkill Ave. and South Wall St.
Subdivision
Kingston, City
Standard status
Active
APN
080005612400040010000000
Size
1,170 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6055
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Flooring type
Carpet
Building materials
Frame
Listing Agency:
Howard Hanna Rand Realty
(845) 338-5252
Listed By:
Vincenza Seche
(914) 388-4933
Added: Sep 28
Changed: Sep 29
Last Checked: Sep 30 at 10:06AM
MLS# 20265728
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 1,170-square-foot, frame retail building was constructed in 1950 and sits on a 0.06-acre parcel. The sale includes the wine and liquor business and its fixtures; inventory is not included. Property features include central air, forced-air natural gas heat, lighting, a wine cooler, and a basement. Zoning is T4N-0.
At 374 S Wall Street in Kingston, the property occupies a corner at an intersection in Midtown, between the Uptown district and the Downtown/Rondout waterfront. Public sewer serves the site.
At 374 S Wall Street in Kingston, the property occupies a corner at an intersection in Midtown, between the Uptown district and the Downtown/Rondout waterfront. Public sewer serves the site.
Key Highlights
- 1,170‑square‑foot standalone retail building on a 0.06‑acre parcel
- Sale includes the wine and liquor business and fixtures; inventory is separate
- Built in 1950; frame construction
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
$13,931
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
3.82%
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%
$278,620
$278.6K
Cap Rate 7%
$199,014
$199.0K
Cap Rate 9%
$154,789
$154.8K
Market Conditions
NOI Build-Up for 1,170 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
$21.1K $18.00/SF
− Vacancy
−$1.2K −$0.99/SF
EGI
$19.9K $17.01/SF
− OpEx
−$6.0K −$5.10/SF
NOI
$13.9K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
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%
$278,620
Cap Rate 7%
$199,014
Cap Rate 9%
$154,789
Alternative Uses
Best Use
Retail
$199.0K
$174.1K – $232.2K
NOI $13,931 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.94M
$9.57M – $12.77M
NOI $765,909 @ 7.0% cap · market cap 209.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
5,752 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The offering combines an operating wine and liquor business with its building and fixtures; inventory is separate.
Where is this retail space located?
The property is located at 374 S Wall Street Kingston, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,170‑square‑foot standalone retail building on a 0.06‑acre parcel; Sale includes the wine and liquor business and fixtures; inventory is separate; Built in 1950; frame construction
