76 Prince St
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76 Prince St
17,249 SF Office Building Kingston, NY 12401 $2,800,000 ($162/SF) 6.19% Cap Rate
Investment Highlights
- Complete renovation over the last five years
- Forced air heating, central air conditioning
Executive Summary
Remarkable opportunity in the center of Kingston NY- only 90 miles from NYC. The impressive mixed-use commercial space consists of over 7000 square feet and provides versatility for your entrepreneurial vision. Currently functioning on the first floor as an art gallery, studio and event space, there are many components of a commercial kitchen in place and the zoning here allows for a multitude of uses. On the second level, there is a stunning two bedroom loft that was created with exceptional attention to detail, an ideal owner's residence or source of additional significant cash flow. Unlock the potential of live-work harmonization where creativity and commerce can converse seamlessly. Discover inspiration at every turn as you immerse yourself in the local art scene, enjoy eclectic eateries, and engage in the vibrant cultural events that define this neighborhood. A total renovation, with no expense spared, was completed over the last five years, retaining a historical feel. One of the key advantages of this property is the private rear parking with 10+, providing a convenient and private entrance for you and your guests. Directly across the street there is municipal parking which provides more than sufficient space to accommodate the 200 person capacity. Just five minutes to the NYS thruway, uptown Kingston, and the historic Rondout waterfront..
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
17,249 SF
Building Class
C
Year Built/Renovated
1895/2020
Price
$2,800,000
Price Per SF
$162
Cap Rate
6.19%
NOI
$173,400
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,649 SF
Slab To Slab
10’
Building FAR
0.99
Land Acres
0.40 AC
Zoning
T5S - T5S zoning- permitted uses attached.
Parking
10 Spaces (1.37 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Kitchen
- High Ceilings
- Natural Light
- Open-Plan
- Reception
- Hardwood Floors
- Air Conditioning
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
Parcel Number | 0800-056.026-0009-002.002-0000 | Improvements Assessment | $585,000 |
Land Assessment | $56,000 | Total Assessment | $641,000 |
PROPERTY TAXES
Parcel Number
0800-056.026-0009-002.002-0000
Land Assessment
$56,000
Improvements Assessment
$585,000
Total Assessment
$641,000
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76 Prince St
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