106 Hone Street

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106 Hone Street

Kingston, NY 12401
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Kingston, New York.
  • Property features a total of two residential units.
  • Asset sits within the well-established Hudson Valley market.
  • Strategic location offers access to regional transit networks.
  • Targeted for investors seeking long-term residential rental holdings.

What's Special

Investors seeking to expand their portfolio should consider this multifamily apartment building available for sale at 106 Hone Street in Kingston, NY. The asset consists of two units situated within the Hudson Valley region, an area characterized by steady demand for residential rentals due to its proximity to regional transit and proximity to the growing local economy. This property type represents a core residential investment, suitable for those looking for a manageable holding in a established community that maintains strong occupancy trends among local residents. The site offers straightforward utility for long-term hold strategies or repositioning efforts within a competitive submarket. With its defined unit count, the building provides a clear profile for buyers targeting entry-level multi-family acquisitions. Kingston remains a notable hub within Ulster County, attracting tenants who value the regional balance of historic character and accessible modern amenities. The asset serves as an functional addition to a diversified real estate collection, offering consistent residential utility in a well-connected portion of the state.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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