Open-Plan Office
For Sale
Contact for pricing
417 Albany Ave, Kingston, NY 12401
Versatile office building with an open layout and on-site parking for convenient tenant access.
Property Size1,045 SF
Price / SF$282.30
Days on Market204
Property Features for 417 Albany Ave
General Information
Standard status
Active
Size
1,045 SF
Property subtype
OFFICE
Listing Agency:
SVN | Deegan-Collins Commercial Realty
(845) 339-9100
Listed By:
Joseph Deegan · License #31DE0891986
Source:
Moodyscre
Added: Jan 9
Changed: Jul 27
Last Checked: Jul 27 at 9:52AM
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 SVN | Deegan-Collins Commercial Realty
Investment Insights
Based on property information with market context.
This 1,000+ square foot office building offers a versatile, open layout suited to a range of office uses. The space is designed for flexible interior planning, with practical room to configure work areas in a more open format.
The property is located on Albany Ave in Midtown Kingston, described as having high visibility and steady traffic. On-site parking is available for employees and visitors.
As a standalone office asset, it provides a straightforward option for buyers seeking an open-plan building with parking and a central Midtown location.
The property is located on Albany Ave in Midtown Kingston, described as having high visibility and steady traffic. On-site parking is available for employees and visitors.
As a standalone office asset, it provides a straightforward option for buyers seeking an open-plan building with parking and a central Midtown location.
Key Highlights
- 1,000+ SF building with a versatile, open layout
- On‑site parking for convenient tenant access
- Strategic location in Midtown Kingston
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.4k | $30.00 |
| − Vacancy | −$4.0k | −$3.81 |
| EGI | $27.4k | $26.19 |
| − OpEx | −$6.8k | −$6.55 |
| NOI | $20.5k | $19.64 |
1,045 SF · lease $30.00/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$293.2K
$256.6K – $342.1K
NOI $20,526 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.77M
$8.55M – $11.40M
NOI $684,081 @ 7.0% cap · market cap 231.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
444
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Versatile office building with an open layout and on-site parking for convenient tenant access.
Where is this office units located?
The property is located at 417 Albany Ave Kingston, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,000+ SF building with a versatile, open layout; On‑site parking for convenient tenant access; Strategic location in Midtown Kingston
