11 Lucas Avenue

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11 Lucas Avenue

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 available for sale in Kingston
  • Asset features a total of three individual residential units
  • Property is situated at 11 Lucas Avenue in New York
  • Located within the growing regional market of the Hudson Valley
  • Investment potential suited for long-term residential rental income

What's Special

This multifamily apartment building contains three units and is located at 11 Lucas Avenue in Kingston, New York. Kingston serves as a regional hub within the Hudson Valley, characterized by a mix of historic architecture and growing investment interest from professionals relocating from the greater New York City area. The property presents a residential investment opportunity suitable for long-term rental income or potential repositioning strategies within this established urban submarket. The site benefits from its accessibility to local transportation networks and the broader regional economy that defines the Hudson Valley corridor. Prospective investors may find value in the building's current unit configuration, which caters to the consistent demand for rental housing in the Kingston area. Occupying a central position in Ulster County, the property is positioned to serve a diverse tenant base attracted to the region’s balanced lifestyle and economic landscape.

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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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