Renovated Mixed-Use
For Sale
$524,900
377 Washington Avenue, Kingston, NY 12401
Two residential apartments are positioned above a commercial storefront in a flexible mixed-use configuration.
Property Size2,236 SF
Days on Market58
Property Features for 377 Washington Avenue
General Information
Standard status
Active
Size
2,236 SF
Property subtype
Mixed Use
Zoning
T4N-O
Net Operating Income
$30,296
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,723
Building Details
Building Size
2,236 SF
Year Built
1960
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Hudson Valley Real Estate Brok
Listed By:
Robert Leone · License #10401375609
(646) 480-7668
Source:
Berardirealty
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 15 at 8:15AM
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 Hudson Valley Real Estate Brok
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2-story mixed-use property combines a ground-floor commercial storefront with two residential apartments. The approximately 750-square-foot commercial space is occupied by a tattoo shop and includes a renovated bathroom, updated lighting, new flooring and paint, plus a dedicated heat pump for heating and cooling. One apartment is occupied month-to-month, while the second apartment is vacant and recently refreshed with an updated bathroom, flooring and paint.
Apartment 1 received a comprehensive renovation with a rebuilt structural floor system, new kitchen cabinetry and appliances, a new bathroom, ductless mini-split heat pump service, and refreshed finishes. Building improvements include independent heat pump or mini-split systems, a new shingled roof over the rear addition installed in 2025, a new gas meter, a new backflow preventer, and electrical and utility upgrades. The property is located in the T4N-O zoning district and was built in 1960.
Apartment 1 received a comprehensive renovation with a rebuilt structural floor system, new kitchen cabinetry and appliances, a new bathroom, ductless mini-split heat pump service, and refreshed finishes. Building improvements include independent heat pump or mini-split systems, a new shingled roof over the rear addition installed in 2025, a new gas meter, a new backflow preventer, and electrical and utility upgrades. The property is located in the T4N-O zoning district and was built in 1960.
Key Highlights
- 2‑story building with one commercial storefront and 2 residential apartments
- Approximately 750 sq. ft. ground‑floor storefront occupied by a tattoo shop
- T4N‑O zoning district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,624
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,480
$532.5K
Cap Rate 7%
$380,343
$380.3K
Cap Rate 9%
$295,822
$295.8K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$40.2K $18.00/SF
− Vacancy
−$2.2K −$0.99/SF
EGI
$38.0K $17.01/SF
− OpEx
−$11.4K −$5.10/SF
NOI
$26.6K $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 Rate 5%
$532,480
Cap Rate 7%
$380,343
Cap Rate 9%
$295,822
Alternative Uses
Best Use
Apartment 5plus
$18.21M
$15.93M – $21.25M
NOI $1,274,795 @ 7.0% cap · market cap 242.86%
Second Best
Retail
$380.3K
$332.8K – $443.7K
NOI $26,624 @ 7.0% cap · market cap 5.07%
Theoretical Best
Multifamily LT 5
$20.91M
$18.30M – $24.40M
NOI $1,463,738 @ 7.0% cap · market cap 278.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments are positioned above a commercial storefront in a flexible mixed-use configuration.
Where is this mixed-use property located?
The property is located at 377 Washington Avenue Kingston, NY.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2‑story building with one commercial storefront and 2 residential apartments; Approximately 750 sq. ft. ground‑floor storefront occupied by a tattoo shop; T4N‑O zoning district
