Renovated Mixed-Use
For Sale
$1,350,000
666 Broadway, Kingston, NY 12401
Three-story brick property combines an operating restaurant and bar with four updated residential apartments.
Property Size5,576 SF
Days on Market83
Property Features for 666 Broadway
General Information
Standard status
Active
Size
5,576 SF
Property subtype
Mixed Use
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$24,621
Building Details
Building Size
5,576 SF
Year Built
1960
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Vincenza Seche
(914) 388-4933
Source:
Gristmillrealestate
Added: Jul 15
Changed: Sep 29
Last Checked: Oct 4 at 1:54PM
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 Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
Built in 1960, this three-story brick mixed-use property includes an approximately 2,950-square-foot ground-floor restaurant and bar that is currently operating. The upper levels contain four residential apartments renovated in 2020, with updated kitchens and bathrooms, separate electric services, and natural gas heating and hot water systems. New windows extend throughout the building, while a full basement provides additional storage for commercial or building needs.
The property is located at 666 Broadway in Kingston, NY, within the Midtown Business District and along the Broadway corridor. Its position places it between the Uptown Stockade District and the Downtown Rondout Waterfront, with nearby arts, dining, and cultural destinations identified in the surrounding area.
The property is located at 666 Broadway in Kingston, NY, within the Midtown Business District and along the Broadway corridor. Its position places it between the Uptown Stockade District and the Downtown Rondout Waterfront, with nearby arts, dining, and cultural destinations identified in the surrounding area.
Key Highlights
- Three‑story brick mixed‑use building at 666 Broadway, Kingston, NY 12401
- Approximately 2,950‑square‑foot ground‑floor restaurant and bar
- Four residential apartments renovated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,114
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,442,280
$1.4M
Cap Rate 7%
$1,030,200
$1.0M
Cap Rate 9%
$801,267
$801.3K
Market Conditions
NOI Build-Up for 5,576 SF
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.
Gross rent
$100.4K $18.00/SF
− Vacancy
−$4.2K −$0.76/SF
EGI
$96.2K $17.24/SF
− OpEx
−$24.0K −$4.31/SF
NOI
$72.1K $12.93/SF
Area
Ulster County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,442,280
Cap Rate 7%
$1,030,200
Cap Rate 9%
$801,267
Alternative Uses
Best Use
Apartment 5plus
$45.41M
$39.74M – $52.98M
NOI $3,179,005 @ 7.0% cap · market cap 235.48%
Second Best
Specialty Retail
$1.03M
$901.4K – $1.20M
NOI $72,114 @ 7.0% cap · market cap 5.34%
Theoretical Best
Multifamily LT 5
$52.15M
$45.63M – $60.84M
NOI $3,650,180 @ 7.0% cap · market cap 270.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,665
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily 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 - Three-story brick property combines an operating restaurant and bar with four updated residential apartments.
Where is this mixed-use property located?
The property is located at 666 Broadway Kingston, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three‑story brick mixed‑use building at 666 Broadway, Kingston, NY 12401; Approximately 2,950‑square‑foot ground‑floor restaurant and bar; Four residential apartments renovated in 2020
