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    197 Lark St Albany, NY 12210

    For Sale
    $759,900

    MULTI_FAMILY - Other - Albany, NY

    Property size:
    3,160 SF
    Lot size:
    0.04 Acres
    Days on Market:
    76
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 197 Lark St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Skylight(s), Display Window(s)
    Zoning
    Mixed
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 4
    Bedrooms
    5
    APN
    65.80-3-24
    Parking
    2
    Parking features
    Garage
    Basement
    Interior Entry, Full, Unfinished
    Size
    3,160 SF
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1880
    Number of units
    4
    Flooring type
    Laminate, Wood
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Coldwell Banker Prime Properties (518) 640-4017 [email protected]

    Listing agent Amanda Penrose (518) 760-1050 License #10401332555

    Listing date Oct 1, 2025

    Copyright © 2025 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.

    Overview

    Mixed-Use Building in Center Square

    This mixed-use building is located in Albany's Center Square neighborhood. The property features over 3,100 square feet of space, including a street-level commercial space that is currently rented for $2,200 per month and is approved for a variety of uses. Existing equipment provides a starting point for food service operation. Above the commercial space, there are three residential units that generate $3,350 per month. One unit is a one-bedroom apartment facing Lark Street. Another unit offers skyline views and private rooftop access. The top-floor unit includes three bedrooms, two full baths, and in-unit laundry. A two-car garage is accessible off Spring Street, suitable for parking or deliveries. The property's gross annual income is $66,600. The building is located steps from shops, restaurants, and Washington Park. The property is zoned mixed. The lot size is 0.04 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Happie Collective Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.764112
    Latitude
    42.656307

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units in Albany.
    Where is this mixed-use property located?
    The property is located at 197 Lark St Albany, NY.
    What is the asking price?
    The asking price for this property is $759,900.
    What are key features of this property?
    This property features: - High-income generating mixed-use building with $66,600 gross annual income.; - Prime Center Square location with high visibility and foot traffic.; - Street-level commercial space rented at $2,200/month, approved for various uses, with existing equipment for food service.
    (518) 760-1050
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    197 Lark St Albany, NY 12210
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    Albany, NY 12210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 Lark St Albany, NY 12210
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