182 Rt-32

Description

KW Commercial is pleased to present 182 Route 32, a 10.6± acre development parcel in the City of Kingston with frontage on New York State Route 32. The site offers a developer or investor the scale to deliver a 100+ unit apartment community in one of the Hudson Valley's most supply-constrained rental markets, at a time when large, development-ready residential land within the city is increasingly difficult to find. The property is zoned T2 Conservation under Kingston Forward, the City's form-based zoning code adopted in 2023. Because the site exceeds two acres, it qualifies for the code's Large Site Standards and may be master-planned as a Conservation Village. Under this approach, at least half of the site is preserved as natural open space, with steep slopes counting toward that set-aside, while up to 40% may be assigned to T4 neighborhood and main street zones and 10% to 30% to T3 neighborhood zones. The T4 zones permit multiplex buildings of 7 to 18 units, rowhouses and, on main street, stacked flats, up to three stories plus a one-story bonus. Kingston has no minimum parking requirement for residential uses, giving a developer real flexibility in site layout and cost. Projects with 80% affordable units may be eligible for additional density with Planning Board approval. Clustering a series of multiplex and stacked-flat buildings on the most buildable portion of the land supports a preliminary capacity of 100+ apartment units, depending on final site design, unit mix, utility capacity and approvals. The site lends itself to market-rate apartments, rowhouse-style rentals, build-to-rent, workforce or mixed-income housing, or age-targeted rentals, and can be phased to manage capital and absorption. Rental projects of 50 or more units must include 10% affordable and 10% workforce units, and Conservation Village Plans are approved by the City Planning Board following a public hearing. The preserved open space is a built-in amenity rather than lost value. Wooded buffers, green views, walking trails and privacy are features renters increasingly pay for, and a clustered layout reduces road length, utility runs and site-work costs. Kingston's code is designed to reward exactly this kind of well-planned, walkable neighborhood. Kingston is the county seat of Ulster County and the economic, civic and cultural center of the mid-Hudson Valley. The city has drawn a steady stream of new residents from the New York metro area, attracted by the historic Uptown Stockade District, the revitalized Rondout waterfront, a growing dining and arts scene, and access to the Catskills and the Hudson River. That migration, combined with limited new construction, has created persistent demand for quality rental housing at a wide range of price points. From the site, residents can easily reach Uptown Kingston, the Rondout, regional retail, area employers, health care and the New York State Thruway (I-87), connecting north to Albany and south toward New York City. Whether you are a regional builder, multifamily operator, affordable housing developer or land investor, 182 Route 32 offers the size, setting and flexibility to create a lasting residential asset.