Updated Two-Unit
For Sale
$208,989
Pending
206 Mohawk Street, Cohoes, NY 12047
Residential Income, Cohoes, NY
Property Size1,120 SF
Lot Size0.09 Acres
Days on Market56
Property Features for 206 Mohawk Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch
High school district
000000
Directions
From I-787 N, take the Cohoes/Ontario Street exit. Follow Ontario Street into the city, then turn onto Mohawk Street. Property is on the left at #206.
Standard status
Pending
APN
010300 10.67-5-40
Size
1,120 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2700
Utilities
Heating system
Radiant, Oil
Water source
Public
Building Details
Year built
1880
Number of units
2
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 356-1701
Listed By:
Alysha Rizzicone
(518) 728-9615
Added: Jul 9
Changed: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# 11877957
Copyright © 2026 My State MLS. 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 1880 duplex contains 1,120 square feet across two comparable residences. Each unit includes 2 bedrooms, 1 full bath, a full kitchen with range and refrigerator, and a combined living and dining area. Interior improvements include new paint, updated vinyl flooring, built-in shelving, refreshed kitchens, and renovated bathrooms. The property also includes vinyl siding, an asphalt roof, radiant oil heat, public water, a driveway, and a porch.
Set on a 0.09-acre parcel in Cohoes, the property provides access to I-787 and the Capital Region’s major commuter routes. Its two-unit layout supports an owner-occupancy arrangement with one residence leased separately or use as a rental property with both units.
Set on a 0.09-acre parcel in Cohoes, the property provides access to I-787 and the Capital Region’s major commuter routes. Its two-unit layout supports an owner-occupancy arrangement with one residence leased separately or use as a rental property with both units.
Key Highlights
- Two‑unit duplex with 1,120 square feet
- Two comparable units, each with 2 bedrooms and 1 full bath
- Updated kitchens, renovated baths, fresh paint, vinyl flooring, and built‑in shelving
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
$12,932
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
6.19%
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%
$258,640
$258.6K
Cap Rate 7%
$184,743
$184.7K
Cap Rate 9%
$143,689
$143.7K
Market Conditions
NOI Build-Up for 1,120 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
$19.5K $17.40/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$18.5K $16.50/SF
− OpEx
−$5.5K −$4.95/SF
NOI
$12.9K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
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%
$258,640
Cap Rate 7%
$184,743
Cap Rate 9%
$143,689
Alternative Uses
Best Use
Multifamily LT 5
$184.7K
$161.7K – $215.5K
NOI $12,932 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$170.9K
$149.5K – $199.4K
NOI $11,963 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$349.5K
$305.8K – $407.7K
NOI $24,464 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
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 comparable residences feature refreshed interiors with individual kitchens, baths, and combined living-dining areas.
Where is this duplex located?
The property is located at 206 Mohawk Street Cohoes, NY.
What is the asking price?
The asking price for this property is $208,989.
What are key features of this property?
This property features: Two‑unit duplex with 1,120 square feet; Two comparable units, each with 2 bedrooms and 1 full bath; Updated kitchens, renovated baths, fresh paint, vinyl flooring, and built‑in shelving
