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Listed by: Berardi Realty
$ 510,000
Est. payment | /mo
3 Baths
2,783 SqFt
$ 510,000
Est. payment | /mo
3 Baths
2,783 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,783 sqft
Price per Sqft $183
MLS Listing ID 20263432
Year Built 1890
Annual Tax Amount $14,040
Tax Year 14040
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Business
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Mixed-Use Investment Opportunity in the Heart of Kingston. Located on a prominent corner in Midtown Kingston, 100 Foxhall Ave presents a rare opportunity to acquire a fully leased, income-producing mixed-use property with strong in-place cash flow and future upside. The property consists of an established retail restaurant space currently occupied by a long-standing neighborhood deli, along with two residential apartments, a full basement, and a detached 20x20 garage.
The commercial space offers excellent visibility, steady foot traffic, and a well-established tenant, while the residential component provides additional diversified income. The property's utility setup is efficient, with all electric separately metered. The retail space and the 2-bedroom apartment share a natural gas boiler, while the 1-bedroom apartment benefits from its own separate gas boiler.
Additional features include off-street parking, basement storage, and a detached garage that offers added utility or supplemental rental income potential. Positioned in a highly desirable Midtown location with close proximity to Uptown Kingston, the Rondout waterfront, and major commuter routes, this property offers investors a solid 6.00 cap rate at the current asking price based on existing income, with projected upside to 7.60 under pro forma rents and 11.54 at market rents. A strong addition to any investment portfolio offering both immediate cash flow and long-term value-add potential.
The commercial space offers excellent visibility, steady foot traffic, and a well-established tenant, while the residential component provides additional diversified income. The property's utility setup is efficient, with all electric separately metered. The retail space and the 2-bedroom apartment share a natural gas boiler, while the 1-bedroom apartment benefits from its own separate gas boiler.
Additional features include off-street parking, basement storage, and a detached garage that offers added utility or supplemental rental income potential. Positioned in a highly desirable Midtown location with close proximity to Uptown Kingston, the Rondout waterfront, and major commuter routes, this property offers investors a solid 6.00 cap rate at the current asking price based on existing income, with projected upside to 7.60 under pro forma rents and 11.54 at market rents. A strong addition to any investment portfolio offering both immediate cash flow and long-term value-add potential.
Location
State NY
County Ulster
Area Kingston, City
Zoning T4N
Rooms
Basement Storage Space, Unfinished
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Exterior Feature Awning(s), Storage
Utilities Available Electricity Connected, Natural Gas Available
Building
Lot Description City Lot, Corner Lot, Paved
Sewer Public Sewer
Water Public
Others
Tax ID 56.26
NEARBY SCHOOL & BUSINESS
