173 Smith Avenue

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173 Smith 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 asset located at 173 Smith Avenue in Kingston
  • Building comprises two individual residential apartment units
  • Situated within the established 12401 zip code area
  • Asset type suitable for long-term residential rental income
  • Located in the regional hub of the Mid-Hudson Valley

What's Special

Kingston sits along the Hudson River, serving as a historic hub in the Mid-Hudson Valley with access to major regional transit routes. This multifamily asset on Smith Avenue provides a total of two residential units for prospective investors. The property type is well-suited for a variety of rental strategies, ranging from long-term residential leases to potential interest from those seeking smaller income-producing properties in an established local market. Its placement within the 12401 zip code offers connectivity to the broader Ulster County economy, which continues to attract steady interest from commuters and regional residents alike. Apartment buildings of this scale in Kingston remain a functional component of the local housing landscape, balancing manageable operations with consistent demand from the local tenant base. Investors looking to add to a residential portfolio will find this asset provides a clear entry point into a competitive sector of the New York real estate market.

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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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