NOT LISTED FOR SALE

92 3rd Ave Kingston, NY 12401

Estimated Value: $303,000 - $428,000

2 Beds
2 Baths
1,552 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $255,000 $164 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,205/month

26 Days on Market

Highlights

  • No HOA
  • Glass Enclosed
  • Poultry Coop
  • Eat-In Kitchen
  • Shed
  • Heating System Uses Natural Gas

About This Home

As of June 2023

Attractive brick two-family investment opportunity close by the Empire State Rail Trail to the Kingston Point Park and the Historic Waterfront District. Two 1- bedroom apartments with with office/studio space on the walk-out lower level with washer/dryer. New metal roof in 2020, replacement windows and boiler from 2006. Recent improvements include renovations on the lower level and 1st floor apartment. Both apartments have similar layouts with the first floor benefiting from lower level work space and the second floor apartment from walk-up attic for storage, music practice, etc. Separate entrances, large back yard, sweet glass enclosed front porch and designated off street parking for both units (both driveways to left an right). Both units are rented with annual leases in place. Landlord pays heat and hot water, water/sewer and tenants pay for electric and cable. 8% cap rate.

Last Agent to Sell the Property

Petra Heist

Berkshire Hathaway Homeservice License #10301220069 Listed on: 02/23/2023

Berkshire Hathaway Homeservice

Last Buyer's Agent

Lara Levine

Compass Greater NY, LLC License #10401354151

Compass Greater NY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,896

Year Built

  • Built in 1875

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 78 x 150
  • Poultry Coop

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Metal Roof

Kitchen

  • Eat-In Kitchen
  • Range

Laundry

  • Dryer
  • Washer

Attic

  • Permanent Attic Stairs

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Glass Enclosed
  • Shed

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for gas, insurance, sewer, water
  • Legal Lot and Block 9 / 6

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $796
  • Fuel Expense $3,278
  • Insurance Expense $1,340
  • New Taxes Expense $3,896
  • Net Operating Income $20,894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,896

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Year Built: 1875
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.27
  • Road Surface Type: Gravel
  • Co List Office Phone: 845-687-2200
  • MLS Status: Closed
  • Location Tax and Legal:Tax Block: 6
  • General Property Information Lot Size Acres: 0.27
  • General Property Information Lot Size Dimensions: 78 x 150
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 3896.0
  • Income And Expenses Cap Rate: 8.0
  • Gross Scheduled Income: 33000.0
  • Income And Expenses Fuel Expense: 3278.0
  • Other Structures:Shed(s): Yes
  • Cooling:None6: Yes
  • Other Structures Poultry Coop: Yes
  • Location Tax and Legal:Tax Annual Amount: 3896.0
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Water Source:Public: Yes
  • Roof:Metal2: Yes
  • Road Surface Type Gravel2: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer, Refrigerator, Range, Gas Water Heater, Dryer
  • Interior Amenities: Eat-in Kitchen
  • Basement: Full, Walk-Out Access, Other
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Attic Features:Permanent Stairs: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Metal
  • Construction Type: Brick
  • Other Structures: Poultry Coop, Shed(s)
  • Patio And Porch Features: Glass Enclosed
  • Construction Materials:Brick: Yes
  • Lot Features:City Lot: Yes
  • Patio And Porch Features:Glass Enclosed: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas, Radiant
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Junior High Dist: Kingston Consolidated

Lot Info

  • Lot Features: City Lot
  • Lot Dimensions: 78 x 150
  • Lot Size Sq Ft: 11761.2
  • ResoLotSizeUnits: Acres
  • Zoning Description: Res

Rental Info

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

Multi Family

  • Electric Expense: 796.0
  • Insurance Expense: 1340.0
  • Net Operating Income: 20894.0

Tax Info

  • New Taxes Expense: 3896.0
  • Tax Annual Amount: 3896.0
  • Tax Block: 6
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
May 23, 2023
Sold by
Rubenstein Lee
Bought by
Keller Douglas F and Wren Ellen
Seller's Agent
Petra Heist
Berkshire Hathaway Homeservice
Buyer's Agent
Lara Levine
Compass Greater NY, LLC
List Price
$269,000
Sold Price
$255,000
Premium/Discount to List
-$14,000
-5.2%
Current Estimated Value
$326,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,793
Avg. Annual Appreciation
10.92%

Purchase Details

Closed on
Mar 14, 2006
Sold by
Janasiewicz Carl
Bought by
Rubenstein Lee and Leung Carolyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Keller Douglas F $255,000 None Available
Rubenstein Lee $156,600 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $255,000 -5.2% $164 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $269,000 0.0% $173 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $269,000 -- $173 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $6,098 $109,000 $29,000 $80,000
2023 $5,775 $109,000 $29,000 $80,000
2022 $5,607 $109,000 $29,000 $80,000
2021 $5,607 $109,000 $29,000 $80,000
2020 $3,823 $109,000 $29,000 $80,000
2019 $3,920 $109,000 $29,000 $80,000
2018 $3,764 $104,000 $28,000 $76,000
2017 $4,001 $104,000 $28,000 $76,000
2016 $3,832 $104,000 $28,000 $76,000
2015 -- $104,000 $28,000 $76,000
2014 -- $104,000 $28,000 $76,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20230401

Hudson Valley Catskills Region Multiple List Service

APN: 0800-056.027-0006-009.000-0000