Back to Search
Property profile & analytics
FOR LEASE
Office buildings
40 Hurley Ave 101 Kingston, NY 12401
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2247199
For Lease
1 / 15
$1,900/Mo
40 Hurley Ave,Unit 101, Kingston, NY 12401
View Listing →
Property summary
AI-generated overview
This exceptional 27,000 square foot office building, located at 40 Hurley Avenue, Unit 201, Kingston, NY, presents a remarkable opportunity for medical or professional tenants. Situated on a 1.4-acre lot, this property boasts convenient access to the thruway and is within walking distance of Uptown Kingston. The building is undergoing significant renovations under new ownership, ensuring modern amenities and a refreshed environment. Suite 201, encompassing approximately 27,009 square feet, offers a versatile layout perfectly suited for a variety of professional uses. The suite includes a spacious waiting area, a dedicated secretarial area, three examining rooms, and two consulting offices. Two bathrooms are included
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1983
Total area
27,009 SF
Lot
1.4 ac (60,984 SF)
Zoning code
O-2
APN
510800 48.313-1-34
UPID
US63-2247199
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
-
MDS at Emergency One Medical Clinic
-
Paul Pai Pc Dental Office
-
Lisa R. Bilyeu, FNP Physician
-
Glickman Alan Physician
-
Chazkel Richard A MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$2.84M
Owner & transaction history
Hurley Ave Partners LLC · 3 yrs held
Hurley Ave Partners LLC
since 2023
Last sale
$2.5M
1 recorded transaction
Zoning & alternative use
O-2 · Kingston, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,265,000
ML approach
$3,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,385,000
Current use
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10% · vs last sale $2.45M (Feb 15 2023)
Last sale anchor
$2.45M
Feb 15 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
$105 / 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
$1,960,000
Assessed 2023
Previous assessed
$1,960,000
+0.0% YoY
Assessed land
$276,000
Assessed improvement
$1,684,000
Land market value
$452,459
Improvement market value
$2,760,656
Total market value
$3,213,115
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
1983
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
27,009 SF
Lot
1.4 ac (60,984 SF)
Zoning code
O-2
APN
510800 48.313-1-34
UPID
US63-2247199
Jurisdiction
ULSTER
Zoning & alternative use
O-2 · Kingston, NY
Zoning O-2 · permitted uses
O-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
OFFICE BUILDING Current
Est. value
$3.4M
OFFICE BUILDING Current
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
1983
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Hurley Ave Partners LLC
Entity
Mailing address
80 BUSINESS PARK DR, ARMONK, NY 10504-1737
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
$2,450,000
Hurley Ave Partners LLC
40 Hurley Avenue Assoc
Deed
$1,837,500 · Catskill Hudson Bank
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
