Renovated Mixed-Use Retail
For Sale
$1,750,000
582 Broadway, Kingston, NY 12401
Two joined buildings offer five fully renovated units with updated systems, kitchens, and ADA restrooms.
Property Size5,900 SF
Price / SF$296.61
Days on Market8
Property Features for 582 Broadway
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Retail
Additional Details
Utilities to Site
Yes
Building Details
Building Size
5,928 SF
Year Built
1920
Year Renovated
2025
Tenancy
Multi
Listing Agency:
SVN Deegan-Collins Commercial
(845) 339-9100
Listed By:
Thomas Collins · License #10491205234
Source:
Gristmillrealestate
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 31 at 11:15AM
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 SVN Deegan-Collins Commercial
Investment Insights
Based on property information with market context.
582 Broadway is a mixed-use property made up of two joined buildings totaling 5,900 SF and divided into five units. Built in 1920, the buildings were completely renovated in 2025.
The property includes substantial upgrades and improvements, including a new roof, new electric services, and new water and sewer connections. Renovations also add new ADA restrooms, along with two new full commercial kitchens. In addition, the building features a fully renovated 2BR apartment.
The combination of multiple commercial and residential units provides a flexible configuration within the same address, all within a recently renovated, system-upgraded structure.
The property includes substantial upgrades and improvements, including a new roof, new electric services, and new water and sewer connections. Renovations also add new ADA restrooms, along with two new full commercial kitchens. In addition, the building features a fully renovated 2BR apartment.
The combination of multiple commercial and residential units provides a flexible configuration within the same address, all within a recently renovated, system-upgraded structure.
Key Highlights
- Mixed‑use property at 582 Broadway with 2 joined buildings totaling 5,900 SF and 5 units
- Completely renovated in 2025 on a building originally built in 1920
- New roof plus new electric services, and new water and sewer connections
Financial Insights For Retail
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 | $106.2k | $18.00 |
| − Vacancy | −$5.8k | −$0.99 |
| EGI | $100.4k | $17.01 |
| − OpEx | −$30.1k | −$5.10 |
| NOI | $70.3k | $11.91 |
5,900 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.00M
$878.1K – $1.17M
NOI $70,251 @ 7.0% cap · market cap 4.01%
Second Best
Mixed Use
$891.3K
$779.9K – $1.04M
NOI $62,393 @ 7.0% cap · market cap 3.57%
Theoretical Best
Multifamily LT 5
$55.18M
$48.28M – $64.37M
NOI $3,862,278 @ 7.0% cap · market cap 220.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,641
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 19%
Sunoco
Shops & Services
5,752 visits/mo
0.3 miles
Mobil
Shops & Services
5,403 visits/mo
0.2 miles
Tubby's
Dining
2,861 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,153 visits/mo
0.0 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two joined buildings offer five fully renovated units with updated systems, kitchens, and ADA restrooms.
Where is this mixed-use property located?
The property is located at 582 Broadway Kingston, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Mixed‑use property at 582 Broadway with 2 joined buildings totaling 5,900 SF and 5 units; Completely renovated in 2025 on a building originally built in 1920; New roof plus new electric services, and new water and sewer connections
