Mixed-Use Building with
New
For Sale
$575,000
715 Broadway, Kingston, NY 12401
A finished lower level adds office rooms, a kitchenette, private access, and storage to the commercial space.
Property Size2,112 SF
Days on Market3
Property Features for 715 Broadway
General Information
Standard status
Active
Size
2,112 SF
Total Parking Spaces
6
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$10,091
Amenities
reception area
private offices
finished basement
kitchenette
second-floor apartment
oversized windows
wall AC units
new carpets
fresh paint
Building Details
Building Size
2,112 SF
Year Built
1900
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Berardi Realty
Listed By:
Gregory Berardi · License #10311209045
(845) 201-1111
Source:
Berardirealty
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 24 at 2:06PM
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 Berardi Realty
Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property combines a first-floor professional office suite with a second-floor apartment. The office includes reception space, two private offices, a half bath, and storage. A finished basement offers separate office access, a kitchenette, another half bath, two additional finished rooms, and more storage. The apartment has one bedroom, a living and dining area, oversized windows, two wall AC units, an electric stove, new carpets, and fresh paint. It is occupied by a month-to-month tenant; the owner currently uses the office and may vacate before closing or discuss a short-term rent-back. The office may also be used for general retail and most commercial purposes.
The lot provides parking for 5-6 vehicles, with access to the office from both the front and rear. The property is in Kingston's Midtown, near public transportation, shops, restaurants, and the Performing Arts Center. Uptown Kingston is less than 1/2 mile away, and the Downtown Kingston waterfront is about 1 mile away. Natural-gas heat and hot water are paid by the landlord, while electricity is separate for each tenant.
The lot provides parking for 5-6 vehicles, with access to the office from both the front and rear. The property is in Kingston's Midtown, near public transportation, shops, restaurants, and the Performing Arts Center. Uptown Kingston is less than 1/2 mile away, and the Downtown Kingston waterfront is about 1 mile away. Natural-gas heat and hot water are paid by the landlord, while electricity is separate for each tenant.
Key Highlights
- First‑floor office suite with reception area, two private offices, half bath, and storage
- Finished basement includes two rooms, kitchenette, half bath, storage, and office access
- Second‑floor, one‑bedroom apartment with oversized windows and month‑to‑month tenant
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
$41,485
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
7.21%
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%
$829,700
$829.7K
Cap Rate 7%
$592,643
$592.6K
Cap Rate 9%
$460,944
$460.9K
Market Conditions
NOI Build-Up for 2,112 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
$63.4K $30.00/SF
− Vacancy
−$8.0K −$3.81/SF
EGI
$55.3K $26.19/SF
− OpEx
−$13.8K −$6.55/SF
NOI
$41.5K $19.64/SF
Area
Ulster County, NY
Vacancy
12.70%
Lease Rate
$30.00 /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%
$829,700
Cap Rate 7%
$592,643
Cap Rate 9%
$460,944
Alternative Uses
Best Use
Office B
$592.6K
$518.6K – $691.4K
NOI $41,485 @ 7.0% cap · market cap 7.21%
Second Best
Mixed Use
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 3.88%
Theoretical Best
Multifamily LT 5
$19.75M
$17.28M – $23.04M
NOI $1,382,565 @ 7.0% cap · market cap 240.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,123
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A finished lower level adds office rooms, a kitchenette, private access, and storage to the commercial space.
Where is this mixed-use property located?
The property is located at 715 Broadway Kingston, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: First‑floor office suite with reception area, two private offices, half bath, and storage; Finished basement includes two rooms, kitchenette, half bath, storage, and office access; Second‑floor, one‑bedroom apartment with oversized windows and month‑to‑month tenant
