Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    59 Esopus Ave Ulster Park, NY 12487
    Back to Search
    Property profile & analytics

    59 Esopus Ave, Ulster Park, NY 12487

    View on Map
    • Land
    • 76.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 59 Esopus Ave

    Lot size
    76.20 lot acres
    Property type
    Land

    Description

    Exceptional opportunity to acquire 77 acres of land in Ulster Park, New York, zoned R-40. This expansive property boasts stunning views of rolling meadows and mountains, offering a multitude of development possibilities. The land is bordered by Scenic Hudson preserved land, providing access to trails and walkways. The property includes a three-bedroom, one-bathroom house (interior photos to follow), adding to its versatility. With ample road frontage and some existing clearing, this parcel is ideal for various uses, including subdividing, farming, building a large estate, or establishing a camping or glamping site. Conveniently located near the Hudson River, waterfront trails, downtown Kingston, and the Poughkeepsie train station (all within 15 minutes), this rural setting offers both tranquility and accessibility. The property features a drilled well, septic system, and 100-amp single-phase electricity. Taxes reflect an agricultural exemption, as the land is currently used for agricultural purposes. This offering combines a 5-acre parcel and a 72-acre parcel for a total of 77 acres. The property's panoramic views and park-like setting make it a truly unique investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ulster Park
    County
    Ulster
    State
    New York
    Longitude
    -73.9788
    Latitude
    41.8467

    Comparable in this City

    • Value Estimation by Request
      41.90 Acres

      272 River Rd

      Land
      272 River Rd, Ulster Park, NY 12487
      View Details
    • Value Estimation by Request
      24.90 Acres

      326 Broadway

      Agricultural land / Farmland
      326 Broadway, Ulster Park, NY 12487
      View Details
    • Value Estimation by Request
      5.60 Acres

      676 Broadway

      Commercial land
      676 Broadway, Esopus, NY 12487
      View Details
    • Value Estimation by Request
      16.55 Acres

      680 Broadway

      Investment properties
      680 Broadway, Ulster Park, NY 12487
      View Details
    • Value Estimation by Request
      8,800 SF

      103 Carney Rd

      Multifamily properties
      103 Carney Rd, Ulster Park, NY 12487
      View Details
    • Value Estimation
      $1,485,000
      552 SF

      13 Mirror Lk Park

      MOBILE HOME PARK, TRAILER PARK
      13 Mirror Lk Park, Ulster Park, NY 12487-5115
      View Details

    Similar Nearby for Sale

    • $950,000

      Lighthouse Bluff Hudson River Views

      41.9-acre property with Hudson River views and building site.
      272 River Rd, Ulster Park, NY 12487
      View Details
    • Contact for pricing

      Land For Sale Ulster Park

      Land available for sale in Ulster Park, New York.
      16 4 Sisters Ln, Ulster Park, NY 12487
      View Details
    • Contact for pricing

      39 Acres in Ulster Park

      39-acre parcel with wooded privacy, potential home sites.
      38 Hudson Ln, Ulster Park, NY 12487
      View Details
    • Contact for pricing
      4,277 SF

      Multi-Unit Property in Ulster Park

      Recently renovated multi-unit property in the Hudson Valley.
      103 Carney Rd, Ulster Park, NY 12487
      View Details
    • Contact for pricing

      Hudson Riverfront Land Opportunity

      Nearly 6-acre hillside with 375 feet of river frontage.
      5 Riverhill Ct, Ulster Park, NY 12487
      View Details
    • $320,000
      27.90 Acres

      27.9 Acres in Ulster Park

      Rare 27.9-acre parcel with meadows, woodlands, and mountain views.
      378 Union Center Rd, Ulster Park, NY 12487
      View Details

    Similar Nearby for Lease

    • $600 /Mo

      Storage Space on 10 Acres

      Storage space for rent with utilities included on 10 acres.
      181 Ulster Ave, Ulster Park, NY 12487
      View Details
    • $7,500 /Mo
      14,821 SF

      Ulster County Event Destination

      Turnkey event venue with banquet hall, kitchen, and parking.
      423 Broadway, Ulster Park, NY 12487
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    59 Esopus Ave
    Ulster Park, NY 12487
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    59 Esopus Ave, Ulster Park, NY, 12487
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!