Seller's Agent in 2020
Greg Berardi
Win Morrison Realty-K
(845) 389-7895
54 in this area
187 Total Sales
279 Clinton Ave Kingston, NY 12401
8
Beds
7
Baths
--
Sq Ft
8,712
Sq Ft Lot
Highlights
- Property is near public transit
- Wood Flooring
- Eat-In Kitchen
- Kingston High School Rated A-
- No HOA
- 3-minute walk to Academy Green park
About This Home
As of March 2020Solid 7 unit apartment building located in Uptown Kingston. Apartments are all in good condition with very good paying tenant base. Electric service was updated in 2010, Roof in 2013, Paved parking lot in 2016 and fresh scrape and exterior paint job in 2019. Net operating income is $51,680 a year factoring in all expenses including a 3% vacancy rate and a 5% repair and maintenance rate, 8.69% cap rate at asking price. There is a large parking lot in the back of the building offering 10 parking spaces or more, very unusual for Uptown Kingston. Please see associated doc's for full income and expense sheet and additional info. Four apartments have their own exterior entrances, three have access from the main hallway. Basement is accessible from the main hallway, natural gas forced air heat and gas hot water heater. Owner pays all utilities, tenants pay just rent.
Last Buyer's Agent
Marie Wolpert
Past Member
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
- Level Lot
Home Design
- Frame Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
Kitchen
- Eat-In Kitchen
- Range
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 7 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Partial Basement
- Interior Basement Entry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Driveway
- Paved Parking
- Parking Lot
- Off-Street Parking
Location
- Property is near public transit
- City Lot
Schools
- Edson K-4 Elementary School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- The owner pays for all utilities
- Legal Lot and Block 8 / 4
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- Fuel Expense $9,475
- Insurance Expense $3,494
- New Taxes Expense $16,683
- Net Operating Income $51,680
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2020 03/20/20 | Sold | $555,000 | 0.0% | -- |
| 01/21/2020 01/21/20 | Off Market | $555,000 | -- | -- |
| 01/21/2020 01/21/20 | Pending | -- | -- | -- |
| 10/15/2019 10/15/19 | For Sale | $595,000 | -- | -- |
Source: Hudson Valley Catskills Region Multiple List Service
Tax History Compared to Growth
Agents Affiliated with this Home
-
Greg Berardi
-
M
Buyer's Agent in 2020
Marie Wolpert
Past Member
Map
Source: Hudson Valley Catskills Region Multiple List Service
MLS Number: 20194450
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