Quadplex with Ground-Floor
For Sale
$1,350,000
666 Broadway, Kingston, NY 12401
COMMERCIAL - Kingston, NY
Property Size5,576 SF
Lot Size0.07 Acres
Price / SF$242.11
Days on Market47
Property Features for 666 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
T5MS
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Security features
Security System
Basement
Full, Interior Entry
Appliances
Refrigerator, Microwave, Gas Range, Dishwasher
Lot features
Corner Lot
Elementary school
Chambers K-4
Elementary school district
Kingston Consolidated
Middle school district
Kingston Consolidated
High school district
Kingston Consolidated
Directions
From NYS Thruway Exit 19, take the roundabout to the 3rd ext, Colonel Chandler Drive. Then bear right onto Broadway to the building on the corner of Downs St.
Subdivision
Kingston, City
Standard status
Active
APN
080005602500010200000000
Size
5,576 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
24254
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Cooling system
Central Air, Multi Units, Ceiling Fan(s)
Water source
Public
Amenities
basement storage
Building Details
Year built
1960
Floors in Building
3
Flooring type
Tile - Ceramic, Laminate
Building materials
Brick
Roof type
Mixed
Listing Agency:
Howard Hanna Rand Realty
(845) 338-5252
Listed By:
Vincenza Seche
(914) 388-4933
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 30 at 9:06AM
MLS# 20263983
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Three-story brick mixed-use quadplex at 666 Broadway, Kingston, NY, featuring approximately 2,950-square-foot ground floor restaurant and bar space and four residential apartments on the second and third floors. The apartments were renovated and updated in 2020, including modern kitchens, stylish bathrooms, separate electric services, and high-efficiency natural gas heating and hot water systems. Building improvements include new windows throughout the entire property. A full, clean basement provides storage for the building and/or commercial use.
The property sits on a 0.07-acre lot and is zoned T5MS. It has public water and public sewer service. Heating is provided via baseboard and hot water systems with natural gas, and cooling is available through ceiling fans and central air, including multi-unit cooling.
Interior finishes include laminate and ceramic tile flooring. Appliances listed for the units include a refrigerator, microwave, gas range, and dishwasher.
The property sits on a 0.07-acre lot and is zoned T5MS. It has public water and public sewer service. Heating is provided via baseboard and hot water systems with natural gas, and cooling is available through ceiling fans and central air, including multi-unit cooling.
Interior finishes include laminate and ceramic tile flooring. Appliances listed for the units include a refrigerator, microwave, gas range, and dishwasher.
Key Highlights
- 0.07‑acre lot and zoned T5MS
- Three‑story brick mixed‑use building with ground‑floor restaurant and bar
- Ground floor is approximately 2,950 SF occupied by a fully operating restaurant and bar
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
Multifamily LT 5
$52.15M
$45.63M – $60.84M
NOI $3,650,180 @ 7.0% cap · market cap 270.38%
Second Best
Apartment 5plus
$45.41M
$39.74M – $52.98M
NOI $3,179,005 @ 7.0% cap · market cap 235.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
475
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three-story brick mixed-use building with four renovated apartments and a fully operating restaurant and bar on the ground floor.
Where is this quadplex 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: 0.07‑acre lot and zoned T5MS; Three‑story brick mixed‑use building with ground‑floor restaurant and bar; Ground floor is approximately 2,950 SF occupied by a fully operating restaurant and bar
