168 Downs Street

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168 Downs 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 at 168 Downs Street
  • Asset contains two distinct residential rental units
  • Property situated in the city of Kingston New York
  • Positioned within the growing Hudson Valley regional market
  • Suitable for an investor focused on residential income

What's Special

Investors seeking to expand their residential holdings will find value in this two-unit apartment building located at 168 Downs Street in Kingston, New York. Situated within a historic regional hub in the Hudson Valley, the asset benefits from the city's ongoing economic revitalization and its popularity among those transitioning from larger metropolitan areas. This multifamily property is well-suited for a buy-and-hold strategy, providing a straightforward opportunity to enter a submarket characterized by steady demand for rental housing. The building footprint offers functional layouts appropriate for long-term tenancy or potential management adjustments. Kingston maintains a distinct character that appeals to a diverse demographic, supported by its proximity to major regional transit routes and its status as a commercial center for Ulster County. Prospective buyers should consider the potential for income generation within this established residential neighborhood, where access to essential services and community amenities supports consistent occupancy levels for well-maintained apartment assets.

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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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