Two-Unit Residential Income
For Sale
$299,500
Pending
11 Sunnyside Avenue, Albany, NY 12205
MULTI_FAMILY - Other - Albany, NY
Property Size1,968 SF
Lot Size0.09 Acres
Days on Market28
Property Features for 11 Sunnyside Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
Parking
1
Patio and Porch features
Porch
Basement
Full, Unfinished
Lot features
Level, Landscaped
High school
Colonie Central HS
Elementary school district
South Colonie
Middle school district
South Colonie
High school district
South Colonie
Directions
WEST ON EXCHANGE, RIGHT ON PROSPECT, RIGHTT ON SUNNYSIDE
Standard status
Pending
APN
012689 53.12-6-57
Size
1,968 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3673
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1930
Number of units
2
Flooring type
Tile, Vinyl, Laminate
Building materials
Shingle Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
Brokers Network
(518) 952-0665
Listed By:
Dun Zhuo Zheng · License #10401235201
(518) 292-8817
Added: Jul 15
Changed: Jul 24
Last Checked: Aug 11 at 5:06AM
MLS# 202621842
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residential income property includes a first-floor unit and a second-floor unit. The first-floor unit features two bedrooms, 1.5 bathrooms, and an office. The second-floor unit also offers two bedrooms, one bathroom, an office, and a dedicated laundry area.
The property is located at 11 Sunnyside Avenue in Albany, NY 12205. It is offered for sale as a duplex/income property with two separate residential units.
With separate floor-level configurations and in-unit laundry included on the second floor, the layout supports the option of renting both units or occupying one while generating rental income.
The property is located at 11 Sunnyside Avenue in Albany, NY 12205. It is offered for sale as a duplex/income property with two separate residential units.
With separate floor-level configurations and in-unit laundry included on the second floor, the layout supports the option of renting both units or occupying one while generating rental income.
Key Highlights
- Two‑family property built in 1930 with shingle siding and a metal roof
- First‑floor unit layout: 2 bedrooms, 1.5 baths, and an office
- Second‑floor unit layout: 2 bedrooms, 1 bath, an office, and a laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,240
$448.2K
Cap Rate 7%
$320,171
$320.2K
Cap Rate 9%
$249,022
$249.0K
Market Conditions
NOI Build-Up for 1,968 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.2K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$32.0K $16.27/SF
− OpEx
−$9.6K −$4.88/SF
NOI
$22.4K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,240
Cap Rate 7%
$320,171
Cap Rate 9%
$249,022
Alternative Uses
Best Use
Multifamily LT 5
$320.2K
$280.2K – $373.5K
NOI $22,412 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,103 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$519.2K
$454.3K – $605.8K
NOI $36,345 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate first- and second-floor units, each offering multiple bedrooms plus office space.
Where is this duplex located?
The property is located at 11 Sunnyside Avenue Albany, NY.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Two‑family property built in 1930 with shingle siding and a metal roof; First‑floor unit layout: 2 bedrooms, 1.5 baths, and an office; Second‑floor unit layout: 2 bedrooms, 1 bath, an office, and a laundry area
