109 Gage

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109 Gage

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
  • Asset features a total of two residential units
  • Property situated at the address of 109 Gage
  • Located within the Ulster County regional housing market
  • Suitable investment for small-scale residential rental portfolios

What's Special

This two-unit multifamily apartment building is positioned at 109 Gage in Kingston, New York. The property serves as a stable residential asset in the Hudson Valley, a region defined by its historic architecture and steady demand for rental housing. Kingston functions as a significant economic and cultural hub within Ulster County, attracting a diverse demographic of residents who commute to regional employment centers or operate within the growing local professional economy. The building layout provides a straightforward configuration suitable for individual investors or those looking to expand a portfolio of smaller-scale residential income properties. Given the current market conditions in Kingston, this asset offers a practical opportunity for hands-on management. Investors typically look to this submarket for its proximity to regional infrastructure and its consistent occupancy trends among local tenants. The property stands as a manageable addition to a rental portfolio in an area that balances historical character with modern demand.

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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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