21 Main Street, Kingston, NY 12401

4 Photos
 
$725,000 List Price
Off Market
 
Listing ID 10972696
Property Type Multi-Unit (5+)
County Ulster
Total Tax $15,960
Tax ID 000000-048.331-0004-014.000
FEMA Flood Map fema.gov/portal
Year Built 1900
   
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Solid 11 unit apartment building in the Heart of Uptown Kingston's business and historic district. Building is zoned for hotel offering additional uses other than apartments. Solid location and good rental base, some units have been renovated. Cap rate at current rents is 7.4%, includes all expenses, 3% vacancy, 3% repairs/maintenance. This could easily be converted into high end rentals, building is in very good overall condition, all windows have also been replaced in the last 5 year. Basement is full and dry, half utility room the other half is an apartment. Listing agents are owners.
Property Details
  • 0.21 Acres
  • Built in 1900
  • 11 Units
Unit Information
Unit #1 – Gross Area: 1000, Rent Price: 1200, Bedrooms: 1, Full Baths: 1
Unit #2 – Gross Area: 700, Rent Price: 750, Full Baths: 1
Unit #3 – Gross Area: 650, Rent Price: 625, Full Baths: 1
Unit #4 – Gross Area: 700, Rent Price: 775, Full Baths: 1
Unit #5 – Gross Area: 700, Rent Price: 775, Full Baths: 1
Unit #6 – Gross Area: 650, Rent Price: 446, Full Baths: 1
Income/Expenses
  • Gross Income $97,752
  • Net Income $53,987
  • Insurance Exp $4,800
Taxes and Fees
  • $9,411 School Tax
  • $6,907 County Tax
  • $15,960 Total Tax
Previously Listed By
Gregory Berardi
Win Morrison Realty
Office: 845-339-9999
Win Morrison Realty
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