260-264 Clinton Avenue, Kingston, NY 12401 (MLS# 20254123)
$2,995,000
Kingston, NY 12401
MLS# 20254123
32 beds | 32 baths | 10000 sqft
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Property Description
Located in one of the Hudson Valley's most walkable and vibrant neighborhoods, 260 & 264 Clinton Avenue present an opportunity to own two fully rented, income-producing multifamily assets at the heart of Uptown Kingston. Built circa 1900, these three-story buildings embody classic Hudson Valley architecture and solid construction. On separate parcels, 264 Clinton Avenue offers 12 units on 0.19 acres, while 260 Clinton Avenue includes 20 units on 0.33 acres. A total of 32 units, neither building is restricted by ETPA laws. Offered at a generous 8.6 cap rate, the diverse tenant base provides a stable rent roll, with 12 units supported by nonprofit agencies through subsidized rental income. Owner-paid utilities (except cable and internet) further simplify tenant management and support long-term occupancy. Priced well below a replacement cost at 115,000 per unit, the property delivers dependable returns, making it a compelling acquisition for seasoned investors and ideal for 1031 exchange buyers seeking immediate income stability with significant future upside potential. Positioned within Kingston's T5 Neighborhood Zone, the area's most flexible mixed-use district, the property sits in the center of a thriving cultural and commercial scene. Just steps from Uptown Coffee, Le Canard, Chleo, Lola's, the Kingston Farmers Market, and Hotel Kingsley, residents benefit from walkable access to restaurants, galleries, and nightlife. As part of the Uptown Historic Stockade District—one of the fastest-appreciating submarkets in the Hudson Valley—this offering combines reliable performance today with the upside of long-term repositioning potential.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Annapurna Properties LLC
Lease Considered YN: No
Current Price: $2,995,000
Original List Price: 3700000
List Price: $2,995,000
Status: Active
Listing Contract Date: 2025-09-04
Property Sub Type: Multi Family
Location, Tax, and Legal
911 Address: 260 Clinton Ave Kingston NY 12401
Township: City of Kingston
School District: Kingston Consolidated
General Tax: 15050
School Tax: 20000
Tax Annual Amount: 35050
Assessors Full Market Value: 1674468
Tax Assessed Value: 787000
Parcel Number: 48.80
Tax Lot: 15
Tax Block: 1
Tax Exemptions YN: No
Zoning: Com 1
Directions: Near the kingston Plaza and the historic senate building
General Property Information
Number Of Units Total: 32
Above Grade Finished Area: 10000
Below Grade Finished Area: 0
Lot Size Acres: 0.52
New Construction YN: No
Sign On Property YN: No
List Price/SqFt: 299.5
Bedrooms Total: 32
Bathrooms Total: 32
Living Area: 10000
Year Built: 1900
Remarks and Miscellaneous
Public Remarks: Located in one of the Hudson Valley's most walkable and vibrant neighborhoods,
260 & 264 Clinton Avenue present an opportunity to own two fully rented,
income-producing multifamily assets at the heart of Uptown Kingston. Built circa
1900, these three-story buildings embody classic Hudson Valley architecture and
solid construction. On separate parcels, 264 Clinton Avenue offers 12 units on 0.19
acres, while 260 Clinton Avenue includes 20 units on 0.33 acres. A total of 32 units, neither building is restricted by ETPA laws.
Offered at a generous 8.6 cap rate, the diverse tenant base provides a stable rent
roll, with 12 units supported by nonprofit agencies through subsidized rental income.
Owner-paid utilities (except cable and internet) further simplify tenant management
and support long-term occupancy. Priced well below a replacement cost at 115,000
per unit, the property delivers dependable returns, making it a compelling acquisition
for seasoned investors and ideal for 1031 exchange buyers seeking immediate
income stability with significant future upside potential.
Positioned within Kingston's T5 Neighborhood Zone, the area's most flexible
mixed-use district, the property sits in the center of a thriving cultural and
commercial scene. Just steps from Uptown Coffee, Le Canard, Chleo, Lola's, the
Kingston Farmers Market, and Hotel Kingsley, residents benefit from walkable
access to restaurants, galleries, and nightlife. As part of the Uptown Historic
Stockade District—one of the fastest-appreciating submarkets in the Hudson
Valley—this offering combines reliable performance today with the upside of
long-term repositioning potential.
Status Change Information
Status Change Timestamp: 2025-09-04
Major Change Timestamp: 2025-10-14T14:34:03Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-10-14T14:34:03Z
Book Information
Liber/Book: 7059
Page: 89
Section: 48.80
Location Tax and Legal
Street Number: 260-264
Street Name: Clinton
Street Suffix: Avenue
County: Ulster
State: NY
Zip Code: 12401
Town (Taxable): Kingston,City
Property Features
Listing Courtesy of Hudson Modern
Listing Agent: Sheneur Menaker