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151 Henry Johnson Blvd 8 Unit Apartment Building $1,946,836 CAD ($243,355 CAD/Unit) 6.36% Cap Rate Albany, NY 12210
Executive Summary
+/- 6,337 SF Cash flowing mixed-use asset in downtown Albany. The property includes eight 1-bedroom units and a ground floor commercial space. Property is fully leased and all units are recently updated. Roof was replaced in 2024. Prominent corner location at the intersection of Henry Johnson Blvd & Second Street. Close proximity to Downtown Albany, major employers, hospitals, universities, state government offices, and dining and shopping amenities. +/- 0.29 acre lot includes ample parking and possibility for additional development. Potential value-add through increasing below market rents.
Property Facts
| Price | $1,946,836 CAD | Building Class | C |
| Price Per Unit | $243,355 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 6,337 SF |
| Cap Rate | 6.36% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NBRN | ||
| Price | $1,946,836 CAD |
| Price Per Unit | $243,355 CAD |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,337 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | NBRN |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010100-065-064-0006-031-000-0000 | Improvements Assessment | $1,440,855 CAD |
| Land Assessment | $271,912 CAD | Total Assessment | $1,712,767 CAD |
Property Taxes
Parcel Number
010100-065-064-0006-031-000-0000
Land Assessment
$271,912 CAD
Improvements Assessment
$1,440,855 CAD
Total Assessment
$1,712,767 CAD
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151 Henry Johnson Blvd
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