NOT LISTED FOR SALE

194 Clinton Ave Kingston, NY 12401

2 Beds
4 Baths
2,800 Sq Ft
1,742 Sq Ft Lot

Last Sold February 22, 2019

Last sale price $260,000 $93 Per Sq Ft

110 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • No HOA
  • Kingston High School Rated A-
  • Wood Flooring
  • 1-minute walk to Academy Green park

About This Home

As of February 2019

Solid 4-family home located just steps away from the Heart of Uptown Kingston. Well maintained building has been cared for by the same owner for over 20 years. All units are in very good condition, sheet-rocked walls and ceilings, updated electric (one meter for each apartment and a landlord meter). Newer gas boiler with 4-zones (one for each apartment) which could make for easy separation of heating utilities if desired. There are two (1) bedroom units and two (studio) units. Half of the roof was replaced in recent years and the siding is in very good condition. Full basement is accessible from a bilco door in the back of the building, basement is dry and great for storage/workshop. Rents are well below market rates, all tenants are on month to month rental agreements. Please see associated doc's for full income and expense sheet with Pro-forma column with market rates (under current condition). At fair market rents (in the current condition) the cap rate with all expenses including, vacancy, repairs/maintenance and all expenses would be +/- 8% cap rate at asking price.

Last Agent to Sell the Property

Greg Berardi

Win Morrison Realty-K Listed on: 10/06/2018

Last Buyer's Agent

Anne Bloom

Past Member License #10401259889

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 25 x 75
  • Landscaped
  • Level Lot
  • Garden

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Storage In Attic
  • Range

Flooring

  • Wood
  • Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • City Lot

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for gas, insurance, sewer, taxes, water
  • Legal Lot and Block 30 / 1

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Community Playground

Building Details

  • Electric Expense $600
  • Fuel Expense $2,760
  • Insurance Expense $1,526
  • New Taxes Expense $8,995
  • Net Operating Income $14,536

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • Property Sub-Type: Quadruplex
  • Lot Size Acres: 0.04
  • Co List Office Phone: 845-339-9999
  • MLS Status: Closed
  • Master Plan Zoning: O-2
  • Location Tax and Legal:Tax Block: 1
  • General Property Information Lot Size Acres: 0.04
  • General Property Information Lot Size Dimensions: 25 x 75
  • Electric:_two_00 Amp Service: Yes
  • Flooring:Carpet: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Cooling Ceiling Fan(s): Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 8995.0
  • Income And Expenses Cap Rate: 5.0
  • Gross Scheduled Income: 31140.0
  • Income And Expenses Fuel Expense: 2760.0
  • General Property Information Stories2: 2
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range, Gas Water Heater
  • Basement: Exterior Entry, Full
  • Flooring: Carpet, Hardwood
  • Stories: 2
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Community Features:Playground2: Yes
  • Attic Features:Storage Only: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Aluminum Siding, Frame
  • Patio And Porch Features: Deck
  • Construction Materials:Frame: Yes
  • Lot Features:Level: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Landscaped: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Garden2: Yes
  • Lot Features:Near Public Transit: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: City Lot, Garden, Landscaped, Level, Near Public Transit
  • Lot Dimensions: 25 x 75
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Insurance, Sewer, Taxes, Water, Other
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Insurance Expense: 1526.0
  • Net Operating Income: 14536.0

Tax Info

  • New Taxes Expense: 8995.0
  • Tax Block: 1
  • Tax Lot: 30

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2019 02/22/19 Sold $260,000 -5.5% $93 / Sq Ft
01/24/2019 01/24/19 Pending -- -- --
11/28/2018 11/28/18 Price Changed $275,000 -1.4% $98 / Sq Ft
11/01/2018 11/01/18 Price Changed $279,000 -7.0% $100 / Sq Ft
10/06/2018 10/06/18 For Sale $299,900 -- $107 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20184285

Hudson Valley Catskills Region Multiple List Service