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    2 Main St Kingston, NY 12401-3871
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    Property profile & analytics

    2 Main St, Kingston, NY 12401-3871

    View on Map
    • Investment properties
    • 14,644 SF
    • 0.29 lot acres
    Off-Market
    Property ID
    US63-3562677
    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.
    Value Estimations
    $2,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ulster YouthBuild / Child Welfare Organization / Foster Care Service
    • RUPCO Inc. / Charitable Organization / Social Service Agency
    • Mindfulness Based Stress Reduction / Association / Organization

    Property Details for 2 Main St

    Year built
    1960
    Lot size
    0.29 lot acres
    Zone code
    O-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    510800 48.331-5-21.100
    APU
    51080048331521100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 25, 2023 $375,000 Khaledhussein Alotaibi Eugene Picco Warranty Deed $319k · Guaranteed Rate INC
    Oct 7, 2019 — Rupco INC — Deed · related $669k · Leviticus 25:23 Alternative Fu
    Apr 19, 2017 — Rupco INC Clinton & Main LP Grant Deed · related —
    Aug 23, 2006 $150,000 Clinton & Main Rural Ulster Preservation Co I Trustees Deed $2.1M · Key Bank & Trust
    Aug 23, 2006 — Rural Ulster Preservation Co I City Of Kingston Grant Deed —
    — — Rupco INC — Deed Of Trust · related $669k · Leviticus 25:23 Alternative Fu
    — — Clinton — Deed Of Trust · related $939k · Key Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,580,000
      6.5%
      $2,380,000
      7%
      $2,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,008,000
      Market price range: $1.45M - $4.01M
      AI Estimate
      $1,876,000
      Market price range: $886k - $2.42M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,685,000
      Current use
      RESTAURANT
      $2,860,000
      Change: +7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,755,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.0165
    Latitude
    41.9331
    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
    $129,000
    $1,145,000
    $1,274,000
    -
    $211,475
    $1,877,050
    $2,088,525

    Comparable in this City

    • Value Estimation by Request
      1,870 SF

      3 Dunn St

      OFFICE/RESIDENTIAL (MIXED USE)
      3 Dunn St, Kingston, NY 12401-6719
      View Details
    • Value Estimation
      $2,440,000
      15,877 SF

      1 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      1 Broadway, Kingston, NY 12401-6076
      View Details
    • Value Estimation by Request
      2,188 SF

      344 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      344 Broadway, Kingston, NY 12401-5150
      View Details
    • Value Estimation by Request
      2,240 SF

      87 Saint James St

      OFFICE/RESIDENTIAL (MIXED USE)
      87 Saint James St, Kingston, NY 12401-4586
      View Details
    • Value Estimation
      $600,000
      3,824 SF

      432 Albany Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      432 Albany Ave, Kingston, NY 12401-2559
      View Details
    • Value Estimation by Request
      1,760 SF

      93 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      93 Broadway, Kingston, NY 12401-6017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,387 SF

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      Versatile 3,000+ sq ft building with conversion potential.
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      Kingston Mixed-Use Opportunity

      Versatile commercial/residential building in Kingston's heart, suitable for various uses.
      118 Grand St, Kingston, NY 12401
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      Historic Uptown Kingston Retail Opportunity

      Prime retail or investment property in Kingston's Stockade District.
      292 Wall St, Kingston, NY 12401
      View Details
    • $950,000
      6,574 SF

      Kingston Mixed-Use Commercial Property

      High-visibility Kingston location, ample parking, multi-tenant potential.
      Kingston St, Kingston, NY 12401
      View Details

    Similar Nearby for Lease

    • $2,588 /Mo
      1,294 SF

      New Retail Space in Kingston

      Premier retail space in Midtown Arts District, Kingston, NY.
      110 Cornell St, Kingston, NY 12401
      View Details
    • $1,250 /Mo
      18,240 SF

      Versatile Space in Midtown Kingston

      18,240 SF mixed-use building in the Midtown Arts District.
      104 Smith Ave, Kingston, NY 12401
      View Details
    • Contact for pricing
      1,294 SF

      New Retail Space Available

      New retail space in a mixed-use complex.
      110 Cornell St, Kingston, NY 12401
      View Details
    • Contact for pricing
      907 SF

      New Retail Space Available

      New retail space in a mixed-use complex.
      110 Cornell St, Kingston, NY 12401
      View Details
    • $650 /Mo

      Uptown Kingston Office Space

      Second floor office space in Uptown Kingston. Utilities included.
      159 Green St, Kingston, NY 12401
      View Details
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    2 Main St
    Kingston, NY 12401-3871
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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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