172 Downs Street

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172 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 172 Downs Street
  • Total building configuration consists of two residential units
  • Property situated within the city of Kingston, New York
  • Asset sits within the active Hudson Valley regional market
  • Suitable investment for long-term residential rental income generation

What's Special

This two-unit multifamily apartment building at 172 Downs Street in Kingston, New York, presents a straightforward acquisition for investors targeting a growing regional market. Kingston maintains a distinct identity within the Hudson Valley, serving as a hub for both long-term residents and a steady stream of newcomers drawn to the area’s historic character and access to regional transit. The property type is well-suited for a variety of investment strategies, including long-term rental income or potential owner-occupant configurations. Its location offers accessibility to the local commercial infrastructure and the primary thoroughfares that connect this part of the Hudson Valley to wider New York state. Investors may find this asset suitable for portfolio diversification within a submarket that continues to see consistent demand for residential rental space. As demand for housing in this section of Kingston remains active, this building represents a functional addition to a residential investment portfolio.

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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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