204 Lancaster Street Albany, NY 12201
MULTI_FAMILY - Other - Albany, NY
- Added:
- Mar 3, 2026
- Days on Market:
- 131
- Last Refresh:
- Jul 12 at 10:06 pm
Property Features for 204 Lancaster Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 5, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1
- Security features
- Security
- Window features
- Wood Frames
- Interior features
- High Speed Internet, Tray Ceiling(s), Walk-In Closet(s), Built-in Features, Crown Molding
- Basement
- Partial
- Standard status
- Active
- APN
- 010100 76.23-3-11
- Size
- 4,123 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9883
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 3
- Flooring type
- Wood
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Philip Sabatino License #10401299525 (518) 376-2717
Listing office Hanna Commercial 20 Aviation Road, Clifton Park, NY (518) 458-7000
Listing date Mar 3, 2026
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.
Key Highlights
- Mixed‑use property featuring ground‑floor retail and two residential apartments.
- Located in a vibrant Albany neighborhood with high foot and vehicle traffic.
- Recent capital improvements totaling over $25,000, including a new A/C, roof, and hot water tank.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.7k | $18.60 |
| − Vacancy | −$5.5k | −$1.34 |
| EGI | $71.2k | $17.26 |
| − OpEx | −$21.3k | −$5.18 |
| NOI | $49.8k | $12.08 |
