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58 Saint James St
Kingston, NY 12401
Multifamily Property For Sale · 17 Units
PROPERTY FACTS
| No. Units | 17 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 7,776 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,776 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.03/1,000 SF |
Unit Amenities
- Fireplace
- Tile Floors
- Hardwood Floors
- Refrigerator
- Range
- Carpet
- Basement
- Deck
- Vinyl Flooring
About 58 Saint James St , Kingston, NY 12401
Uptown Kingston 17 unit apartment complex consisting of a main building with 14 apartments then a detached carriage house with 3 apartments and a 1 car garage. Owner pays for all utilities in both buildings, main building has a natural gas boiler and gas hot water, carriage house has a forced air natural gas furnace and a gas hot water heater. All units are in good condition, most have decorative fireplaces, all hard wood flooring, some exposed and some under carpeting. Building is in very good structural and mechanical condition , units could be updated to extremely increase the rental income, most tenants are very long standing, some have resided for over 20 years. Rents are well below market rate, Cap rate at asking price is 9.02%, at current market rents (under current condition) cap rate would be +/- 11.94% including all expenses, maintenance and a 3% vacancy. Main building has new roof. Building is walking distance to all restaurants and shopping, also the NYC bus station (Trailways).
PROPERTY TAXES
| Parcel Number | 0800-056.092-0004-008.000-0000 | Improvements Assessment | $432,000 |
| Land Assessment | $130,000 | Total Assessment | $562,000 |
PROPERTY TAXES
zoning
| Zoning Code | O-2 (COM 1) |
| O-2 (COM 1) |
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