NOT LISTED FOR SALE

79 & 83 Franklin St Kingston, NY 12401

8 Beds
12 Baths
-- Sq Ft
10,237 Sq Ft Lot

Sale Details

Date Sold: July 17, 2024

Last sale price $1,150,000

10 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 2-minute walk to Barmann Park
  • Forced Air Heating System
  • Carpet

About This Home

As of July 2024

Two adjacent multi-unit buildings (total 12 units) in upper mid-town Kingston with great cash flow and several repairs/updates. Tenants pay their own utilities. There is a blue 4 unit building (#83), and an 8 unit building (#79) on almost a quarter of an acre total. This offering is for two separate buildings, each on its own parcel. Located right by the Kingston Library, and just a few blocks from the popular uptown Kingston area. Serious money-maker for a wise investor!

Last Agent to Sell the Property

Christine Chapman

Chapman Realty of the Hudson V License #10491206736 Listed on: 12/03/2023

Last Buyer's Agent

Christine Chapman

Chapman Realty of the Hudson V

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,088

Year Built

  • Built in 1950

Lot Details

  • 10,237 Sq Ft Lot
  • Lot Dimensions are 105x100
  • Level Lot

Flooring

  • Carpet
  • Linoleum

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Oven
  • 12 Bathrooms
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • The owner pays for insurance, repairs, sewer, taxes, trash collection, water
  • Legal Lot and Block 35 & 36 / 3

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Electric Expense $270
  • Insurance Expense $516
  • New Taxes Expense $2,423
  • Net Operating Income $129,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,088

Year Built

Built in 1950

Lot Details

10,237 Sq Ft Lot

Listing Details

  • Year Built: 1950
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.24
  • Co List Office Phone: 845-658-2340
  • MLS Status: Closed
  • Master Plan Zoning: R2
  • Location Tax and Legal:Tax Block: 3
  • General Property Information Lot Size Acres: 0.235
  • General Property Information Lot Size Dimensions: 105x100
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Linoleum: Yes
  • Income And Expenses New Taxes Expense: 2423.0
  • Income And Expenses Cap Rate: 11.0
  • Gross Scheduled Income: 190800.0
  • Location Tax and Legal:Tax Annual Amount: 29088.0
  • General Property Information Fireplace YN: No
  • Appliances Refrigerators: Yes
  • Water Source:Public: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Oven
  • Basement: Full, Unfinished
  • Fireplace: No
  • Flooring: Carpet, Linoleum
  • Full Basement: Yes
  • Appliances:Oven: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Lot Features:Level: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 145.0

Schools

  • Junior High Dist: Kingston Consolidated

Lot Info

  • Lot Features: Level
  • Lot Dimensions: 105x100
  • Lot Size Sq Ft: 10236.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Repairs, Sewer, Taxes, Trash Collection, Water, Other
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 12
  • Electric Expense: 270.0
  • Insurance Expense: 516.0
  • Net Operating Income: 129000.0

Tax Info

  • New Taxes Expense: 2423.0
  • Tax Annual Amount: 29088.0
  • Tax Block: 3
  • Tax Lot: 35 & 36

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2023
Closed on
Jul 11, 2024
Sold by
Bought by
Seller's Agent
Christine Chapman
Chapman Realty of the Hudson V
Buyer's Agent
Christine Chapman
Chapman Realty of the Hudson V
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
0.0686%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2016
Sold by
Bought by

Purchase Details

Closed on
May 5, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,013
Interest Rate
0.0725%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 Misc Company
-- --
$120,000 --
-- --
$113,000 --
$110,000 New York Title Research Corp
$208,590 Judicial Title Insurance Age
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $453,750
Closed $260,000
Closed $146,013
Closed $52,147
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/17/2024 07/17/24 Sold $1,150,000 -4.2% --
04/20/2024 04/20/24 Off Market $1,200,000 -- --
12/12/2023 12/12/23 Pending -- -- --
12/02/2023 12/02/23 For Sale $1,200,000 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,937 $182,000 $23,000 $159,000
2024 $10,183 $182,000 $23,000 $159,000
2023 $10,683 $182,000 $23,000 $159,000
2022 $9,362 $182,000 $23,000 $159,000
2021 $9,362 $182,000 $23,000 $159,000
2020 $9,209 $182,000 $23,000 $159,000
2019 $5,481 $182,000 $23,000 $159,000
2018 $8,606 $165,000 $22,100 $142,900
2017 $8,195 $150,000 $22,100 $127,900
2016 $8,646 $150,000 $22,100 $127,900
2015 -- $161,000 $22,100 $138,900
2014 -- $161,000 $22,100 $138,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20233463

Hudson Valley Catskills Region Multiple List Service

APN: 510800 56.92-3-36

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