98 Henry Street

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98 Henry 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 98 Henry Street in Kingston.
  • The residential property consists of two distinct rental units.
  • Asset is situated within the 12401 zip code in New York.
  • Kingston serves as a primary hub in the Hudson Valley market.
  • Property is currently offered for sale to qualified commercial investors.

What's Special

This two-unit multifamily apartment building at 98 Henry Street in Kingston, New York, presents an asset for investors looking to expand their residential portfolio. Situated in the historic Hudson Valley region, the property benefits from the area's ongoing economic revitalization and its appeal to professionals relocating from metropolitan centers. The city of Kingston features a robust local economy anchored by a blend of tourism, creative industries, and regional retail, providing a stable environment for rental demand. Apartment buildings of this scale in the 12401 zip code are well-suited for long-term hold strategies or repositioning efforts to capture current market rents. The configuration allows for a straightforward management model, making it a viable option for private investors or boutique operators. Its location provides accessibility to local infrastructure and the broader regional transportation network that connects the Hudson Valley to the larger New York state corridor.

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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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