Six-Unit Storefront
71 Albany Avenue, Kingston, NY 12401
For Sale
$819,000
Multiple street-level spaces share Albany Avenue access and rear parking.
Property Size5,500 SF
Price / SF$148.91
Days on Market43
Property Features for 71 Albany Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
EV charging station
ATM on site
12-foot ceilings
brand-new LED lighting
upgraded heating and cooling systems
newer rubber roof
new wall-to-wall carpet in public hallways
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
BHHS HUDSON VALLEY PROP-L
(845) 473-1650
Listed By:
Karla Rauch
(914) 475-5920
Source:
Laffertyrealty
Added: Oct 3
Changed: Nov 13
Last Checked: Nov 13 at 1:59AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-level storefront property contains six street-level units, with three entrances along Albany Avenue. One entrance leads to a shared foyer serving four businesses; two others provide direct access to private storefronts. A full basement supplies storage and utility space. Interior features include 12-foot ceilings, LED lighting, updated heating and cooling, backup heat, and a newer rubber roof. The building was constructed in 1952 and is zoned T5MS.
Twenty designated parking spaces and a commercial-grade EV charging station are located behind the building. Albany Avenue storefront windows face the street, and the property is near the Kingston exit of the New York State Thruway and just off Broadway.
Twenty designated parking spaces and a commercial-grade EV charging station are located behind the building. Albany Avenue storefront windows face the street, and the property is near the Kingston exit of the New York State Thruway and just off Broadway.
Key Highlights
- Six individual street‑level units
- Three Albany Avenue entrances, including two private storefront entries
- 20 designated rear parking spaces and a commercial‑grade EV charging station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,488
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,760
$1.3M
Cap Rate 7%
$935,543
$935.5K
Cap Rate 9%
$727,644
$727.6K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$99.0K $18.00/SF
− Vacancy
−$5.4K −$0.99/SF
EGI
$93.6K $17.01/SF
− OpEx
−$28.1K −$5.10/SF
NOI
$65.5K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,760
Cap Rate 7%
$935,543
Cap Rate 9%
$727,644
Alternative Uses
Best Use
Retail
$935.5K
$818.6K – $1.09M
NOI $65,488 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,330 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,069
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Shops & Services 33%
Dining 4%
Hannaford
Groceries
45,701 visits/mo
0.4 miles
Sunoco
Shops & Services
5,752 visits/mo
0.3 miles
Mobil
Shops & Services
5,403 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
4,789 visits/mo
0.4 miles
Chase Bank
Shops & Services
4,260 visits/mo
0.5 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
$285,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Ulster County, NY
Properties on Market for Storefront properties in Ulster County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Burgevin Inc, - Florist — 245 Fair St, Kingston, NY 12401
- Brown's Florist — 248 Plaza Rd, Kingston, NY 12401
Frequently Asked Questions
What type of property is this?
Storefront property - Multiple street-level spaces share Albany Avenue access and rear parking.
Where is this storefront property located?
The property is located at 71 Albany Avenue Kingston, NY.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Six individual street‑level units; Three Albany Avenue entrances, including two private storefront entries; 20 designated rear parking spaces and a commercial‑grade EV charging station
