Renovated Mixed-Use
666 Broadway, Kingston, NY 12401
For Sale
$1,350,000
Three-story brick property combines an operating restaurant and bar with four updated residential apartments.
Property Size5,576 SF
Days on Market115
Property Features for 666 Broadway
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Vincenza Seche
(914) 388-4933
Source:
Gristmillrealestate
Added: Jul 15
Changed: Oct 31
Last Checked: Nov 6 at 2:57PM
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
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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 / Yr
$72,114
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
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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
$285,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Kingston, NY
Properties on Market for Mixed-use properties in Kingston
Vacancy Rate% for Multifamily in Northeast region
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
