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Property profile & analytics
FOR LEASE
Office buildings
159 Green St 22, Kingston, NY 12401
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0379564
For Lease
1 / 11
$950/Mo
159 Green St,Unit 22, Kingston, NY 12401
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Property summary
AI-generated overview
This exceptional 6,684 square foot office space at 159 Green Street in Kingston, New York, presents a unique leasing opportunity. Located in the desirable Stockade District, this single-tenant property offers a blend of traditional and creative office space, ideal for a variety of businesses. Built in 1900, the building retains its historic charm, enhanced by abundant natural light streaming through numerous windows. The meticulously designed space provides both functionality and aesthetic appeal, making it suitable for various uses, from inspiring office environments to versatile studio spaces. The upper-level location within a shared professional building offers convenience and a thriving community atmosphere. Two well-maintained bathrooms are shared among the offices on the same level. Off-street parking is available at the rear of the building. This property is situated in Ulster County, New York, with the address being 159 Green Street, Kingston, NY 12401. The property type is classified as both Traditional and Creative Office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
6,684 SF
Lot
0.25 ac (11,074 SF)
Zoning code
C-2
APN
510800 48.330-2-8
UPID
US63-0379564
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
-
Curious Minds Media Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Bernadette M Berardi Esq Law Firm
-
Geraldine Merola Barton, Ph.D. Physician Medical Clinic
-
RSS Insurance Agency Insurance Agency
-
NXG Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
159 Green Street LLC · 3 yrs held
159 Green Street LLC
since 2022
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
C-2 · Kingston, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+55.8%
Auto repair, garage
$1.3M
+50.0%
Commercial (general)
$1.2M
+46.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,685,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Alternative Use
Use
Estimation
RESTAURANT
$1,305,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,255,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,225,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.53M (Sep 6 2022)
Last sale anchor
$1.53M
Sep 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$242 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$471,000
Assessed 2023
Previous assessed
$471,000
+0.0% YoY
Assessed land
$104,000
Assessed improvement
$367,000
Land market value
$170,492
Improvement market value
$601,639
Total market value
$772,131
Applied tax rate
510,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1900
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
6,684 SF
Lot
0.25 ac (11,074 SF)
Zoning code
C-2
APN
510800 48.330-2-8
UPID
US63-0379564
Jurisdiction
ULSTER
Zoning & alternative use
C-2 · Kingston, NY
Zoning C-2 · permitted uses
C-2 · Kingston, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
159 Green Street LLC
Entity
Mailing address
3 GDN ST, RHINEBECK, NY 12572-1304
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
$1,525,000
159 Green Street LLC
Lucas&green LLC
Deed
—
Sep 4, 2018
—
Lucas & Green LLC
Mathews,todd
Quit Claim Deed
related
—
Dec 7, 2017
$1,500,000
Todd Mathews
Stockade Capital II LLC
Grant Deed
—
Apr 9, 2015
$475,000
Stockade Capital 2 LLC
Malishka Properties LLC
Deed
—
Jan 29, 2013
$230,000
Malishka Properties LLC
Bleecker Grove Associates
Grant Deed
$205,000 · Bleecker Grove Associates
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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