Industrial Warehouse with Loading
90-98 Boices Lane, Kingston, NY 12401
For Sale
New
$8,400,000
A heated, sprinklered facility offers substantial outdoor space, dedicated office areas, and heavy electrical service.
Property Size105,113 SF
Price / SF$79.91
Days on Market1
Property Features for 90-98 Boices Lane
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Outdoor Storage
Utilities to Site
Warehouse & Industrial
Clear Height
Office Build-Out
Dock-High Doors
Drive-In Doors
Column Spacing
Heavy Power
Sprinkler System
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
eRealty Advisors, Inc
Listed By:
Joel Weiser · License NY NYS10401338447
(845) 204-8063
Source:
Taniciarealtyhomes
Added: Nov 12
Last Checked: Nov 12 at 2:13PM
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 eRealty Advisors, Inc
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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 105,113 SF industrial warehouse, built in 1977, has a steel-frame structure and 20'-24' clear heights. The interior includes 2,000 SF of offices, a kitchenette, bathrooms, and open work areas. Loading is served by three 8'x10' tailgate docks and one 14'x14' drive-in door. The warehouse has full-area heating and a wet sprinkler system, with 50’ x 20’ column spacing. Heavy electric power, natural gas, municipal water, and sewer serve the property. Outdoor areas accommodate parking or storage, and a rail connection is present that could be reactivated.
At 90-98 Boices Lane in Kingston, the property is a few minutes from the NYS Thruway (I-87) Exit 19 and State Routes 9W, 209, 9G, and 9. The listing also identifies proximity to Stewart International Airport, public transportation, restaurants, department stores, and hotels. Albany is 60 minutes away and New York City is 90 minutes away.
At 90-98 Boices Lane in Kingston, the property is a few minutes from the NYS Thruway (I-87) Exit 19 and State Routes 9W, 209, 9G, and 9. The listing also identifies proximity to Stewart International Airport, public transportation, restaurants, department stores, and hotels. Albany is 60 minutes away and New York City is 90 minutes away.
Key Highlights
- 105,113 SF industrial building with 20'-24' clear heights
- Three 8'x10' tailgate docks and one 14'x14' drive‑in door
- 2,000 SF of office space; 50’ x 20’ column spacing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$617,181
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,343,620
$12.3M
Cap Rate 7%
$8,816,871
$8.8M
Cap Rate 9%
$6,857,567
$6.9M
Market Conditions
NOI Build-Up for 105,113 SF
Gross rent
$946.0K $9.00/SF
− Vacancy
−$64.3K −$0.61/SF
EGI
$881.7K $8.39/SF
− OpEx
−$264.5K −$2.52/SF
NOI
$617.2K $5.87/SF
Area
Ulster County, NY
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,343,620
Cap Rate 7%
$8,816,871
Cap Rate 9%
$6,857,567
Alternative Uses
Best Use
Warehouse
$12.14M
$10.62M – $14.16M
NOI $849,842 @ 7.0% cap · market cap 10.12%
Second Best
Industrial
$8.82M
$7.71M – $10.29M
NOI $617,181 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$44.05M
$38.54M – $51.39M
NOI $3,083,259 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Under-served
Demand for This Use
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
$285,700
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Ulster County, NY
Properties on Market for Warehouses in Ulster County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Self-Storage at U-Haul — 848 Ulster Ave, Kingston, NY 12401
Frequently Asked Questions
What type of property is this?
Warehouse - A heated, sprinklered facility offers substantial outdoor space, dedicated office areas, and heavy electrical service.
Where is this warehouse located?
The property is located at 90-98 Boices Lane Kingston, NY.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 105,113 SF industrial building with 20'-24' clear heights; Three 8'x10' tailgate docks and one 14'x14' drive‑in door; 2,000 SF of office space; 50’ x 20’ column spacing
