Over 7% Cap Rate on remarkable, one of a kind investment opportunity with fully rented building & its own parking lot. Gross rents $159,840. Net after expenses $134,265. Four luxurious 2 bedroom apartments plus first floor retail space under long term lease (the acclaimed Rain Restaurant). Entire building 100% renovated in 2016 with high quality finishes. All tenants to remain. Common Utilities, water & sewer, trash removal & maintenance pd by 1st fl tenant. NEVER VACANT! Landlord only pays taxes.
Off market
Zestimate®
$820,500
259 Lark St, Albany, NY 12210
--beds
0baths
7,808sqft
MultiFamily
Built in 1950
-- sqft lot
$820,500 Zestimate®
$105/sqft
$1,344 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Gas
Cooling
- Central
Appliances
- Included: Dryer, Washer
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 7,808 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached, Off-street
Features
- Exterior features: Brick
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public
Community & neighborhood
Location
- Region: Albany
Other
Other facts
- Class: MULTI-FAMILY
- Sale/Rent: For Sale
- State: NY
- HEAT SYSTEM: Hot Air
- SEWER: Public
- WATER: Public
- Status Category: Active
- PHOTO INSTRUCTION: Broker Load Photos
- City/Town (taxing entity): Albany
- UNIT OCCUPANCY: Leased
- School District Code: Albany
- Swis Code: 010100
- County: Albany
- City/Town (Mail Address): Albany
- ROOF: Rubber
- SPECIAL MARKET CONDITIONS: No Special Conditions
- Electric Expense Desc: Estimate
- Status: New
- Age Description: Actual
- LOT DESCRIPTION: Corner
- School Taxes Description: Actual
- Sub Area: Albany City - Central Business D
- Handicap Access: Yes
- Style: 5 Family
- Sewer Expense Desc: Tenant
- Unit 1 Occupancy Ftr: Leased
- Listing Visibility Type: MLS Listing
- Unit 4 Occupancy Ftr: Leased
- Unit 5 Occupancy Ftr: Leased
- Unit 2 Occupancy Ftr: Leased
- Unit 3 Occupancy Ftr: Leased
- Tax Identification Block: 3
- Tax ID Section: 76.23
- Tax Identification Lot: 16 & 17