584 Broadway Kingston, NY 12401-3902
- Investment properties
- 3,876 SF
- 0.07 lot acres
Current Use by Public Records
- Fat Cat Deli / Deli
- LibertyX Bitcoin ATM / Atm
Property Details for 584 Broadway
- Year built
- 1924
- Lot size
- 0.07 lot acres
- Property size
- 3,876 SF
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 510800 56.25-4-11
- APU
- 5108005625411
Description
This exceptional Kingston, NY property at 584 Broadway presents a lucrative investment opportunity. The main floor boasts a spacious 3,876 square foot retail area, ideally suited for a restaurant, deli, or catering business. A fully equipped kitchen featuring a commercial hood, range, cooktop, walk-in cooler, and walk-in freezer is already in place. The kitchen occupies approximately one-third of the space, leaving ample room for retail operations. A half-bath serves the retail area, with potential for another half-bath in an existing storage room. The building includes a full basement offering substantial storage. Above the retail space, two generously sized, two-bedroom, one-bathroom apartments provide consistent rental income. These units are currently occupied by long-term tenants on month-to-month leases and feature newer electric hot water heaters, natural gas forced air heat, central air, and dual electric services. The building's rubber roof is approximately seven years old. Water is provided by the owner (separate meters for the commercial and residential units), while tenants are responsible for their own heat, hot water, and electricity. Municipal sewer, water, and natural gas services are available. On-site parking accommodates 2-3 vehicles, with additional municipal parking nearby. The property sits on a 0.06-acre lot at a busy intersection, ensuring high visibility and traffic. Financial documentation, including an income and expense sheet showing current and projected rental income, and permitted uses are available upon request. The apartments are currently rented below market value, presenting a significant opportunity to increase revenue.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $260,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $200,000
- Mixed-Use
- $260,000
- Hospitality
- $200,000
- Educational
- $255,000
- Residential Income
- $225,000
- Energy
- $250,000
- Income-Based Land
- $250,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Ulster
- State
- New York
- Longitude
- -74.0033
- Latitude
- 41.9294
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
