100 Foxhall Avenue

Description

Mixed-Use Investment Opportunity in the Heart of Kingston. Located on a prominent corner in Midtown Kingston, 100 Foxhall Ave presents a rare opportunity to acquire a fully leased, income-producing mixed-use property with strong in-place cash flow and future upside. The property consists of an established retail restaurant space currently occupied by a long-standing neighborhood deli, along with two residential apartments, a full basement, and a detached 20x20 garage. The commercial space offers excellent visibility, steady foot traffic, and a well-established tenant, while the residential component provides additional diversified income. The property's utility setup is efficient, with all electric separately metered. The retail space and the 2-bedroom apartment share a natural gas boiler, while the 1-bedroom apartment benefits from its own separate gas boiler. Additional features include off-street parking, basement storage, and a detached garage that offers added utility or supplemental rental income potential. Positioned in a highly desirable Midtown location with close proximity to Uptown Kingston, the Rondout waterfront, and major commuter routes, this property offers investors a solid 6.00 cap rate at the current asking price based on existing income, with projected upside to 7.60 under pro forma rents and 11.54 at market rents. A strong addition to any investment portfolio offering both immediate cash flow and long-term value-add potential.