Are both okay :
Kind of sucks being in the same city with the person you want to see the most and not being/be able to do that.
Only "being" is correct there (needs to be parallel with the first "being"). "as" is better than "with". ".
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Only "being" is correct there (needs to be parallel with the first "being").
"as" is better than "with".
In full, "It kind of sucks ...". In casual language "it" might be dropped.
"sucks" in this sense is informal and might be considered mildly vulgar by some people.