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    Property profile & analytics

    159 Green St, Unit 22 Kingston, NY 12401

    • Office buildings
    • 6,684 SF
    • 0.25 lot acres
    For Lease
    View listing
    $800 /Mo
    Last Sale
    Sep 06, 2022
    $1,525,000
    Value Estimations
    $1,805,000
    Cap Rate Potential
    8.3%
    Office buildings
    Location Intelligence
    Property ID
    US63-0379564
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Curious Minds Media Inc. / Website Designer
    • Bernadette M Berardi Esq / Attorney
    • Geraldine Merola Barton, Ph.D. / Psychologist
    • RSS Insurance Agency / Life Insurance Agency / Renter'S Insurance Agency
    • NXG Insurance Group / Insurance Agency

    Property Details for 159 Green St

    Year built
    1900
    Lot size
    0.25 lot acres
    Property size
    6,684 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    510800 48.330-2-8
    APU
    5108004833028

    Description

    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.

    Value 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
      AUTO REPAIR, GARAGE
      $1,255,000
      COMMERCIAL (GENERAL)
      $1,225,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.0227
    Latitude
    41.9339
    CBSA code
    28740
    CBSA name
    KINGSTON, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $104,000
    $367,000
    $471,000
    -
    $170,492
    $601,639
    $772,131

    Comparable in this City

    • Value Estimation
      $295,000
      0.02 Acres

      138 Pne St Ste, Unit 138

      PROFESSIONAL BUILDING • 0.02 Acres
      138 Pne St Ste, Kingston, NY 12401-4947
      View Details
    • Value Estimation
      $290,000
      0.01 Acres

      138 Pne St Ste 138b

      PROFESSIONAL BUILDING • 0.01 Acres
      138 Pne St Ste 138b, Kingston, NY 12401-4947
      View Details
    • Value Estimation
      $295,000
      0.01 Acres

      138 Pne St Ste 138c

      PROFESSIONAL BUILDING • 0.01 Acres
      138 Pne St Ste 138c, Kingston, NY 12401-4947
      View Details
    • Value Estimation
      $295,000
      0.01 Acres

      144 Pne St Ste 144b

      PROFESSIONAL BUILDING • 0.01 Acres
      144 Pne St Ste 144b, Kingston, NY 12401-4946
      View Details
    • Value Estimation
      $820,000
      109,860 SF

      1 Development Ct

      OFFICE BUILDING • 109,860 SF
      1 Development Ct, Kingston, NY 12401-1949
      View Details
    • Value Estimation
      $960,000
      89,048 SF

      71 Smith Ave

      OFFICE BUILDING • 89,048 SF
      71 Smith Ave, Kingston, NY 12401-3911
      View Details

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    159 Green St, Unit 22
    Kingston, NY 12401
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    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
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