Historic Office
New
For Sale
$975,000
38 Maiden Lane, Kingston, NY 12401
Original millwork, five fireplaces, and a hand-painted ceiling mural distinguish the interior.
Property Size3,484 SF
Days on Market6
Property Features for 38 Maiden Lane
General Information
Standard status
Active
Size
3,484 SF
Property subtype
Office
Zoning
T5N
Additional Details
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$20,190
Amenities
central air
Building Details
Building Size
3,484 SF
Year Built
1880
Buildings
2
Stories
2
Listing Agency:
Compass Greater NY, LLC
Listed By:
Catherine Quintard
(838) 877-8283
Source:
Stonehouseproperties
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 3:23PM
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 Compass Greater NY, LLC
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Investment Insights
Based on property information with market context.
Built in 1880, this two-floor property retains hardwood flooring, detailed plasterwork, original lighting, and five fireplaces. A columned wraparound porch and three entrances serve a layout with interconnected rooms on the first floor and five additional rooms upstairs. The building also includes central air, laundry hookups, an unfinished attic, a full unfinished basement, a detached garage, and off-street parking for five or more vehicles. A private backyard extends behind the building.
The property faces Academy Green Park in Kingston’s historic Stockade District, near boutiques, galleries, restaurants, and the Kingston Farmers Market. The NYS Thruway is minutes away. The site is within the T5N Neighborhood zoning district; uses described for the district include professional offices, general commercial businesses, food service, healthcare and wellness, cultural institutions, meeting spaces, and residential dwellings, subject to applicable regulations and approvals.
The property faces Academy Green Park in Kingston’s historic Stockade District, near boutiques, galleries, restaurants, and the Kingston Farmers Market. The NYS Thruway is minutes away. The site is within the T5N Neighborhood zoning district; uses described for the district include professional offices, general commercial businesses, food service, healthcare and wellness, cultural institutions, meeting spaces, and residential dwellings, subject to applicable regulations and approvals.
Key Highlights
- Built in 1880 with original architectural details
- Five fireplaces with period mantels and tilework
- Three entrances and rooms across two main floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,434
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,680
$1.4M
Cap Rate 7%
$977,629
$977.6K
Cap Rate 9%
$760,378
$760.4K
Market Conditions
NOI Build-Up for 3,484 SF
Gross rent
$104.5K $30.00/SF
− Vacancy
−$13.3K −$3.81/SF
EGI
$91.2K $26.19/SF
− OpEx
−$22.8K −$6.55/SF
NOI
$68.4K $19.64/SF
Area
Ulster County, NY
Vacancy
12.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,680
Cap Rate 7%
$977,629
Cap Rate 9%
$760,378
Alternative Uses
Best Use
Office B
$977.6K
$855.4K – $1.14M
NOI $68,434 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$32.58M
$28.51M – $38.01M
NOI $2,280,708 @ 7.0% cap · market cap 233.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,005
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Original millwork, five fireplaces, and a hand-painted ceiling mural distinguish the interior.
Where is this office building located?
The property is located at 38 Maiden Lane Kingston, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Built in 1880 with original architectural details; Five fireplaces with period mantels and tilework; Three entrances and rooms across two main floors
