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    OFF-MARKET
    Banks

    130 Schwenk Dr, Kingston, NY 12401-2939

    1,989 SF 0.62 ac lot Built 1980
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US63-1289386
    Property summary
    AI-generated overview

    This exceptional 1,989 square foot office building, constructed in 1980, presents a unique investment opportunity in Kingston, NY. The brick and frame structure sits on a 0.34-acre lot, offering convenient access and ample parking. Currently configured as a bank, the layout features a large, open lobby area ideal for client interaction, complemented by several private offices, perfect for individual work or team collaboration. The property benefits from Central Commercial (C-2) zoning, providing flexibility for a variety of commercial uses. Two convenient drive-up lanes at the rear of the building enhance accessibility. The building is equipped with a natural gas-fired forced air heating and air conditioning system, ensuring year-round comfort. A robust 200-amp electrical service is in place, along with municipal water and sewer connections. The roof is in excellent condition, minimizing immediate maintenance concerns. The property boasts approximately 15 paved parking spaces, providing ample room for staff and clients. This well-maintained property offers a blend of functionality and convenience, making it an attractive prospect for a variety of commercial ventures. Its prime location and versatile design make it an ideal investment for discerning buyers seeking a strong return.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1980
    Total area 1,989 SF
    Lot 0.62 ac (27,216 SF)
    Zoning code C-2
    APN 510800 48.71-1-4
    UPID US63-1289386
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rondout Savings Bank Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Edwin Chen 130 LLC
    Edwin Chen 130 LLC
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    C-2 · Kingston, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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