Mixed-Use/Industrial Building in
For Sale
$1,495,000
56 Clarendon Avenue, Kingston, NY 12401
High-traffic building with apartment, loading dock, and ample parking.
Property Size15,000 SF
Price / SF$99.67
Days on Market124
Property Features for 56 Clarendon Avenue
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
BERARDI REALTY
(845) 201-1111
Listed By:
GREGORY C. BERARDI
Source:
Corcoran
Added: Mar 30
Changed: Jul 10
Last Checked: Jul 31 at 12:17PM
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
Investment Insights
Based on property information with market context.
This mixed-use/industrial building is located just off Albany Ave in Kingston. The first floor measures approximately 15,000 square feet, and the second floor features a large 2-bedroom apartment. The property benefits from municipal sewer, water, and natural gas services, along with parking space for over 20 vehicles. A loading dock is present, equipped with multiple overhead doors and access points. The building's layout allows for easy division into several workspaces, potentially generating additional income. It features 3-phase power and a full sprinkler system. The loading dock is situated at the front, and there are five 10 x 12 ft. overhead electronic doors. Ceiling heights reach approximately 15 ft. throughout most of the building. The front includes a large office/reception area. The property is currently owner-occupied. The sale includes the business, and the property can be sold turn-key or vacant.
Key Highlights
- High‑traffic location just off Albany Ave in Kingston.
- Large 15,000 sq ft mixed‑use/industrial building with a 2‑bedroom apartment.
- Ample parking for 20+ vehicles and a loading dock with multiple overhead doors.
Financial Insights For Warehouse
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 | $149.4k | $9.96 |
| − Vacancy | −$6.7k | −$0.45 |
| EGI | $142.7k | $9.51 |
| − OpEx | −$21.4k | −$1.43 |
| NOI | $121.3k | $8.09 |
15,000 SF · lease $9.96/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Apartment 5plus
$122.17M
$106.90M – $142.53M
NOI $8,551,843 @ 7.0% cap · market cap 572.03%
Second Best
Office B
$4.21M
$3.68M – $4.91M
NOI $294,638 @ 7.0% cap · market cap 19.71%
Theoretical Best
Multifamily LT 5
$140.28M
$122.74M – $163.66M
NOI $9,819,351 @ 7.0% cap · market cap 656.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
449
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - High-traffic building with apartment, loading dock, and ample parking.
Where is this mixed-use property located?
The property is located at 56 Clarendon Avenue Kingston, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: High‑traffic location just off Albany Ave in Kingston.; Large 15,000 sq ft mixed‑use/industrial building with a 2‑bedroom apartment.; Ample parking for 20+ vehicles and a loading dock with multiple overhead doors.
