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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Hotels
41 Pearl St, Kingston, NY 12401-4552
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-3980294
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1920
Total area
8,565 SF
Lot
0.14 ac (5,893 SF)
Zoning code
O-2
APN
510800 48.331-6-11
UPID
US63-3980294
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
-
Schnadow Roni Psychotherapist Marriage Or Relationship Counselor
-
Hotel Kinsley - Pearl street Hotel & Motel
-
Schneider Eric Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$715k
Owner & transaction history
Hudson Valley Kingston Dev LLC · 6 yrs held
Hudson Valley Kingston Dev LLC
since 2019
7 recorded transactions
Zoning & alternative use
O-2 · Kingston, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+147.6%
Auto repair, garage
$1.1M
+134.0%
Commercial (general)
$980,000
+112.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$460,000
Current use
RESTAURANT
$1,140,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,080,000
Change: +134% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: +112% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$570,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
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
$83 / 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
$1,200,000
Assessed 2023
Previous assessed
$1,200,000
+0.0% YoY
Assessed land
$95,000
Assessed improvement
$1,105,000
Land market value
$155,738
Improvement market value
$1,811,475
Total market value
$1,967,213
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
3
Total area
8,565 SF
Lot
0.14 ac (5,893 SF)
Zoning code
O-2
APN
510800 48.331-6-11
UPID
US63-3980294
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
HOTEL/MOTEL Current
Est. value
$460,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$980,000
OFFICE BUILDING
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$625,000
MEDICAL BUILDING
Est. value
$570,000
RETAIL STORES
Est. value
$545,000
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
1920
Heating
NONE
Stories
3
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Hudson Valley Kingston Dev LLC
Entity
Free & Clear · 6 yrs held
Mailing address
161 CHRYSTIE ST, NEW YORK, NY 10002-2885
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
—
Hudson Valley Kingston Dev LLC
—
Deed
related
$1,853,315 · Deutsche Bk Ag
May 20, 2020
—
Hudson Valley Kingston Dev LLC
—
Deed
related
$1,853,315 · Deutsche Bk Ag/ny Branch
Jul 19, 2019
—
Hudson Valley Kingston Dev LLC
41 Pearl Street LLC
Grant Deed
—
Jun 25, 2019
$118,990
41 Pearl Street LLC
Hudson Valley Kingston Dev LLC
Grant Deed
—
May 19, 2017
$730,000
Hudson Valley Kingston Dev LLC
Ingalsbe,anne K
Grant Deed
$459,900 · Rondout Svgs Bk
—
—
Hudson Valley Kingston Dev LLC
—
Deed Of Trust
related
$6,160,000 · Deutsche Bk Ag/ny Branch
—
—
Hudson Valley Kingston Dev LLC
—
Deed Of Trust
related
$1,853,315 · Deutsche Bk Ag/ny Branch
—
—
Hudson Valley Kingston Dev LLC
—
Deed Of Trust
related
$4,306,685 · Deutsche Bk Ag/ny Branch
—
—
Hudson Valley Kingston Dev LLC
—
Loan Modification
related
$1,853,315 · Deutsche Bk Ag
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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