Log In/Sign Up
Your email has been sent.
Rare brick 10 family in Pine Hills neighborho 328 Western ave 10 Unit Apartment Building $2,068,272 CAD ($206,827 CAD/Unit) 6.77% Cap Rate Albany, NY 12203
Investment Highlights
- A compelling opportunity for investors seeking scale, income potential, and long-term upside in a highly desirable location.
- Full expense sheet is available under docs.
- Potential yearly $168,900.00.
Executive Summary
RARE 10-UNIT INVESTMENT OPPORTUNITY IN PINE HILLS! Rarely available this brick multifamily property in Albany's desirable Pine Hills neighborhood. Opportunities of this size and location do not come along often. This income-producing asset offers investors the chance to own a substantial multifamily property in an established rental market with convenient access to colleges, hospitals, restaurants, shopping, public transportation, and downtown Albany. A compelling opportunity for investors seeking scale, income potential, and long-term upside in a highly desirable location. Potential yearly $168,900.00. Full expense sheet is available under docs. It can be sold as a package with 77 S. Allen (3 units) Street and 299 Quail Street (6 units)
Property Facts
| Price | $2,068,272 CAD | Property Type | Multifamily |
| Price Per Unit | $206,827 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.77% | Lot Size | 0.08 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 6,020 SF |
| Gross Rent Multiplier | 11.26 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1900 |
| Zoning | R2B - Two-Unit Residential District | ||
| Price | $2,068,272 CAD |
| Price Per Unit | $206,827 CAD |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 11.26 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,020 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R2B - Two-Unit Residential District |
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010100-065-061-0002-006-000-0000 | Improvements Assessment | $560,254 CAD |
| Land Assessment | $33,348 CAD | Total Assessment | $593,603 CAD |
Property Taxes
Parcel Number
010100-065-061-0002-006-000-0000
Land Assessment
$33,348 CAD
Improvements Assessment
$560,254 CAD
Total Assessment
$593,603 CAD
1 of 53
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Rare brick 10 family in Pine Hills neighborho | 328 Western ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.