Apartment Acquisitions · Kingston
Sell Your Commercial Property In Kingston, NY
Own a commercial apartment building of five or more units in Kingston? We purchase multifamily properties around Uptown Stockade, Midtown, and the rest of Ulster County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Uptown Stockade · Midtown · Rondout · Port Ewen — Ulster County, NY
Why Kingston
Why We Buy Multifamily In Kingston
Kingston, New York, in Ulster County, is home to 23,911 residents under the Census Bureau's ACS 2020-2024 estimates. Renters occupy 51.6% of Kingston's occupied homes, concentrated near the Rondout waterfront arts and dining district and the Uptown Stockade. Median gross rent runs $1,469 a month, and median household income is $68,186, both from ACS 2020-2024. Owners who sell commercial property in Kingston, NY are working in a market shaped by New York City transplants, remote workers and Hudson Valley tourism near the historic Stockade District.
HealthAlliance Hospital and county government
HealthAlliance Hospital belongs to WMCHealth, and Ulster County employs more than 870 CSEA-represented workers under its 2025 labor contract.NYC transplants and remote work
Kingston workers work from home at a 15.3% rate under ACS 2020-2024, well above many smaller Hudson Valley cities.Catskills and Hudson Valley tourism
Ulster County tourism supported 7,726 jobs in 2021, about 14% of county jobs, per the county executive's office.Our Buy Box
What We Buy In Kingston
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Kingston Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Kingston
Renters occupy 51.6% of Kingston's occupied homes, or 5,166 of 10,020, per the ACS 2020-2024 tenure table. Buildings of five or more units hold 23.5% of the city's 11,221 housing units, or 2,640 units, per the units-in-structure table. Kingston's stock is old: 89.8% of homes predate 1980, with a median year built of 1938, per the year-built table.
Rents and affordability in Kingston
Median gross rent in Kingston is $1,469 a month under ACS 2020-2024, per the Census median rent table. Under HUD FY2027 fair market rents, the Kingston, NY MSA two-bedroom figure is $1,878, or $409 higher. Anyone weighing when to sell commercial real estate in Kingston, NY can point buyers to that in-place-to-FMR gap as upside.
| Unit size | HUD FY2027 FMR, Kingston, NY MSA |
|---|---|
| Efficiency | $1,308 |
| One-bedroom | $1,436 |
| Two-bedroom | $1,878 |
| Three-bedroom | $2,282 |
| Four-bedroom | $2,468 |
Property taxes in Ulster County
A $2,000,000 building in Kingston would owe about $49,271 a year at full value. New York's tax rate and levy dataset lists 2.24 for Ulster County, 6.63 for the City of Kingston and 15.77 for the Kingston City School District, all per $1,000 of full value for the 2024 roll, a combined 24.64.
- Tax: $2,000,000 x 24.64 / 1,000 = $49,271 a year.
Owners who sell commercial property in Kingston, NY also pay New York's transfer tax of $2 per $500, or $8,000 on $2,000,000; the mansion tax covers only one- to three-family homes, condos and co-ops, so it does not apply here.
Landlord rules in Kingston
New York caps security deposits at one month's rent and requires an itemized statement and return within 14 days, under General Obligations Law 7-108. A nonpayment case needs a written rent demand with at least 14 days' notice under RPAPL 711.
Rent increases of 5% or more need 30, 60 or 90 days' notice, by tenancy length, under Real Property Law 226-c. Selling commercial property in Kingston does not change those pending notice periods.
What this means for a Kingston owner
Kingston's 51.6% renter share, rising with New York City transplants and remote workers near the Rondout waterfront, gives buyers a steady tenant base. If you sell commercial property in Kingston, NY, buyers will price in an 89.8% pre-1980 stock and a 24.64 combined tax rate.
Skyline Capital Investments buys buildings of five or more units in Kingston. When you sell your apartment building in Kingston, test your numbers in the cap rate calculator and send the address through our seller page.
Local Knowledge
Kingston Seller Checklist
More about selling in New York →Investing in Kingston? See apartment syndications in Kingston →
- Kingston's 23.5% five-plus-unit share reflects a smaller, rowhouse-heavy rental stock near the historic Rondout waterfront.
- Kingston's combined county, city and school tax rate is 24.64 per $1,000 of full value, 2024 roll.
- Owners who sell commercial real estate in Kingston, NY budget New York's $2-per-$500 transfer tax into closing costs.
Seller Guides
Selling A Building In Kingston
Learn More
Taxes & Rules For Kingston Property
The New York rules that shape any deal in Kingston: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Kingston Seller FAQ
What should I know before I sell commercial property in Kingston, NY?
Renters occupy 51.6% of Kingston homes, and rental vacancy is 5.1% under ACS 2020-2024. A $2,000,000 building at the combined 24.64 per $1,000 full-value rate owes about $49,271 a year. Most homes in the city predate 1980.
What does it cost to sell commercial real estate in Kingston, NY?
New York's real estate transfer tax is $2 per $500 of consideration. On a $2,000,000 sale, that comes to $8,000. The mansion tax applies only to one- to three-family homes, condos and co-ops, so it does not reach an apartment building.
How much notice do Kingston tenants get before a rent increase?
Under Real Property Law 226-c, an increase of 5% or more needs 30 days' notice for tenants under one year. Tenants of one to two years get 60 days' notice. Tenants of two years or more get 90 days' notice.
How do HUD rents compare with what Kingston tenants pay?
HUD's FY2027 two-bedroom fair market rent for the Kingston, NY MSA is $1,878. Median gross rent in Kingston is $1,469 under ACS 2020-2024, which is $409 lower, a gap buyers can use as a renewal target.
Can I sell multifamily property in Kingston with tenants in place?
Yes. Skyline Capital Investments buys occupied buildings of five or more units in Kingston. Tenant security deposits stay governed by General Obligations Law 7-108, which caps deposits at one month's rent and requires return within 14 days.
What if my Kingston building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Kingston apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Kingston?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Kingston?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Have A Property In Kingston?
A few details are enough to start. We respond to every Kingston submission, including off-market and pocket listings.
