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Property profile & analytics
FOR LEASE
Banks
280 Wall St Kingston, NY 12401
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1794472
For Lease
1 / 9
$2,740,000
280 Wall St, Kingston, NY 12401
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1965
Total area
27,137 SF
Lot
0.87 ac (38,080 SF)
Zoning code
C-2
APN
510800 48.331-6-19
UPID
US63-1794472
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
-
Bruhn J Michael Law Firm
-
Jewish Family Services of Ulster County Social Service Agency Charitable Organization
-
Jewish Family Services of Ulster Social Service Agency Charitable Organization
-
identogo Fingerprinting Service
-
SecureScan Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$2.74M
Owner & transaction history
Cpr Kingston LLC · 3 yrs held
Cpr Kingston LLC
since 2023
Last sale
$2.6M
2 recorded transactions
Zoning & alternative use
C-2 · Kingston, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+41.6%
Auto repair, garage
$3.4M
+33.8%
Commercial (general)
$3.1M
+21.5%
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
$3,465,000
ML approach
$3,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,555,000
Current use
RESTAURANT
$3,615,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,420,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,105,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$2,205,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10% · vs last sale $2.60M (Apr 24 2023)
Last sale anchor
$2.60M
Apr 24 2023
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
$101 / 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
$1,951,000
Assessed 2023
Previous assessed
$1,951,000
+0.0% YoY
Assessed land
$232,000
Assessed improvement
$1,719,000
Land market value
$380,328
Improvement market value
$2,818,033
Total market value
$3,198,361
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1965
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
27,137 SF
Lot
0.87 ac (38,080 SF)
Zoning code
C-2
APN
510800 48.331-6-19
UPID
US63-1794472
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
FINANCIAL BUILDING Current
Est. value
$2.6M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.2M
FINANCIAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1965
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Cpr Kingston LLC
Entity
Free & Clear · 3 yrs held
Mailing address
96 S ELLIOTT PL, BROOKLYN, NY 11217-2964
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
—
Cpr Kingston LLC
Cpr Kingston LLC
Deed
related
—
Dec 31, 2019
$2,600,000
Cpr Kingston LLC
Ulster Svgs Bk
Grant Deed
$2,080,000 · Ulster Svgs Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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