Kingston Commercial Building For
71 Albany Ave Kingston, NY 12401
71 Albany Ave, Kingston, NY, 12401
$839,900
For Sale
$839,900
Fully leased, income-producing commercial building in Kingston, NY.
Property Size5,550 SF
Price / SF$151.33
Days on Market108
Property Features for 71 Albany Ave
General Information
- Standard status
- Active
- Size
- 5,550 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing Agency
BHHS HUDSON VALLEY PROP-L
(845) 473-1650
Listed by
Karla Rauch
(845) 473-1650
Source
Elliman
Added: Apr 1 Checked: Jul 17 at 5:15 am
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 BHHS HUDSON VALLEY PROP-L
Investment Insights
Based on property information with market context.
This 5,550 square foot commercial building is located in Kingston, NY, at the west end of the historic district and minutes from the Kingston exit of the NYS Thruway. Configured as 6 individual units, all on the street level, the building features 3 entrances on Albany Avenue. The main entrance opens to a foyer providing access to 4 businesses. Two additional private storefronts are also located on Albany Avenue. All three entrances feature large retail windows. The back of the building includes 20 designated parking spaces and a commercial-grade EV charging station. A full basement provides storage and utilities. Interior features include 12-foot ceilings, new LED lighting, upgraded heating and cooling systems with backup heating, a newer rubber roof, and new wall-to-wall carpet in the public hallways. An ATM is available on-site. The property has a bike score of 77, indicating it is very bikeable, and a walk score of 81, indicating it is very walkable. This is an investor-ready, income-producing property in a high-traffic area just off Broadway.
Key Highlights
- Fully leased, income‑producing commercial building with 5,550 sq. ft.
- Prime location: Minutes from NYS Thruway and at the west end of the historic district
- Six individual street‑level units with high visibility thanks to large retail windows
Local 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 | $99.9k | $18.00 |
| − Vacancy | −$5.5k | −$0.99 |
| EGI | $94.4k | $17.01 |
| − OpEx | −$28.3k | −$5.10 |
| NOI | $66.1k | $11.91 |
5,550 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$944.1K
$826.1K – $1.10M
NOI $66,084 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$51.90M
$45.41M – $60.55M
NOI $3,633,160 @ 7.0% cap · market cap 432.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Title Service Co
Title Company
Kingston Church of Christ
Church
St8boy Recording Studio
Recording Studio
KCCOG Seventh Day ...
Food Bank
Padgett Hudson Valley ...
Tax Preparation
Similar For Sale Nearby
Similar Off Market Nearby
- Brown's Florist — 248 Plaza Rd, Kingston, NY 12401
- Burgevin Inc, - Florist — 245 Fair St, Kingston, NY 12401
FAQs
What type of property is this?
Storefront property - Fully leased, income-producing commercial building in Kingston, NY.
Where is this storefront property located?
The property is located at 71 Albany Ave Kingston, NY.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Fully leased, income‑producing commercial building with 5,550 sq. ft.; Prime location: Minutes from NYS Thruway and at the west end of the historic district; Six individual street‑level units with **high visibility** thanks to large retail windows
