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    Live-Work Commercial Building Title is generated by Realmo AI

    411 Albany Avenue, Kingston, NY 12401

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    For Sale
    $599,900

    Three-level mixed-use building on a high-traffic corridor with direct elevator access for streamlined operations and living.

    Type:Mixed Use
    Property size:
    6,500 SF
    Price / SF:
    $92/SF
    Added:
    Mar 23, 2026
    Days on Market:
    75
    Last Refresh:
    Jun 3 at 2:30 am

    Property Features for 411 Albany Avenue

    General Information

    Standard status
    Active
    Size
    6,500 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Gregory Berardi

    Listing agent Gregory Berardi

    Listing office Berardi Realty

    Listing date Mar 23, 2026

    Source Stonehouseproperties

    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 Berardi Realty

    HighLights

    • 3‑level mixed‑use building (c. 1920) with approx. 6,500+ SF total building size
    • Main first‑floor commercial space approx. 2,600 SF plus finished full basement approx. 2,300 SF (approx. 4,900 SF usable commercial space)
    • Freight elevator provides access to both basements and the main and upper levels
    • Second/third‑floor living area approx. 2,500 SF with 2 bedrooms, 2 full baths, and a large eat‑in kitchen with granite countertops
    • High‑tech matrix wiring and a security system included
    • Exterior landscape watering system plus rear screened and open porches

    Overview

    This meticulously maintained, three-level live-work building offers a sizable commercial component alongside a fully finished residential upper level. The first-floor commercial space is approximately 2,600 square feet, supported by a full finished basement of about 2,300 square feet for approximately 4,900 square feet of usable commercial space. A freight elevator provides access to both basements as well as the main and upper levels. The second and third floors feature a sprawling living area of approximately 2,500 square feet with two bedrooms, two full baths, and a large eat-in kitchen with granite countertops, high-quality wood cabinetry, and stainless steel appliances. Additional improvements include high-tech matrix wiring, a security system, and an exterior landscape watering system for easy management. The rear screened and open porches add outdoor usability.

    The property is positioned along one of the busiest thoroughfares in Ulster County, with average daily traffic of 13,121 vehicles per day along this section of Albany Avenue.

    With both commercial space and a comfortable upper residence, the building is a strong fit for owner-operators seeking convenience and flexibility, as well as investors looking for a distinctive mixed-use asset. The presence of a freight elevator and sizable lower-level space supports a range of business needs that benefit from practical internal access.
    Location Intelligence

    Current Use by Public Records

    Simpson - Gaus Funeral ... Social Service Agency

    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
    -74.0016004
    Latitude
    41.940187

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    FAQs

    What type of property is this?
    Live-work space - Three-level mixed-use building on a high-traffic corridor with direct elevator access for streamlined operations and living.
    Where is this live-work space located?
    The property is located at 411 Albany Avenue Kingston, NY.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: 3‑level mixed‑use building (c. 1920) with approx. 6,500+ SF total building size; Main first‑floor commercial space approx. 2,600 SF plus finished full basement approx. 2,300 SF (approx. 4,900 SF usable commercial space); Freight elevator provides access to both basements and the main and upper levels
    We can help!
    Listing Contact
    Gregory Berardi
    Learn More
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    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.

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