83 Green St - Apartments FOR SALE


Kingston, NY 12401- Uptown Kingston
$1,650,000 USD
917-680-4616
83 Green St, Kingston, NY for Sale
$1,650,000 USD
Apartments - FOR SALE
1/23
null | 10.67% Cap Rate

83 Green St
Kingston, NY 12401
Uptown Kingston


OVERVIEW

This is an assumable mortgage in the amount of $1.55 mil at 4.5 % Located at the southwest corner of Main and Green Streets, this distinctive property is in the heart of historic Kingston, NY, just steps from the vibrant waterfront and downtown area. This is a great investment opportunity for a two-story brick, 22-unit SRO building in Uptown Kingston. The income-producing property features a mix of one-bedroom apartments and studios with some Section 8 tenants. Approximately half of the units have shared bathrooms, while some offer private baths. Recent updates include new flooring, kitchenettes, and bathrooms. A coin-operated laundry facility is available on the finished lower level. The building is easy to maintain, with strong occupancy rates and solid rent collections. Small rental units in Kingston are highly sought after. The underused rear yard presents potential for future development. The property is located in the Stockade Historic District.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

22

PRICE/UNIT

$75,000

CAP RATE

10.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

T5N

APN/PARCEL ID

0800-056.090-0004-014.000-0000

ASK ABOUT THIS PROPERTY

Larry RossCOMPASSMore Info
917-680-4616

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Larry RossCOMPASSMore Info
917-680-4616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.