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    Albany Multifamily on Delaware Avenue

    260 Delaware Avenue Albany, NY 12209

    Claim this Listing
    Pending
    $279,995

    COMMERCIAL - Albany, NY

    Property size:
    1,680 SF
    Lot size:
    0.61 Acres
    Added:
    Sep 20, 2024
    Days on Market:
    661
    Last Refresh:
    Jul 12 at 10:06 pm

    Property Features for 260 Delaware Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Multi Residence
    Parking
    6
    Standard status
    Pending
    APN
    010100 76.54-4-13
    Size
    1,680 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4272

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1867
    Floors in Building
    2
    Building materials
    Wood Siding
    Roof type
    Asphalt

    Listing agent Philip Sabatino License #10401299525

    Listing office Hanna Commercial 20 Aviation Road, Clifton Park, NY

    Listing date Sep 20, 2024

    MLS# 202425919

    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 multifamily property is located on Delaware Avenue in Albany, New York. The first floor features 2 bedrooms, 1 full bathroom, and a large kitchen. The second floor includes 1 bedroom and 1 full bathroom. The property is situated on a 0.61-acre lot. The building has a total area of 1680 square feet. The zoning is Multi Residence.

    Key Highlights

    • Multifamily property on desirable Delaware Ave.
    • First floor: features 2 bedrooms, 1 full bath, and large kitchen.
    • Second floor: 1 bedroom, 1 full bath.

    Local Financial Insights For Multifamily LT 5

    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 $29.2k $17.40
    − Vacancy −$1.9k −$1.13
    EGI $27.3k $16.27
    − OpEx −$8.2k −$4.88
    NOI $19.1k $11.39
    1,680 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $273.3K
    $239.2K – $318.9K (±1% cap)
    NOI $19,132 @ 7.0% cap · market cap 6.83%
    Second Best
    Apartment 5plus
    $245.2K
    $214.5K – $286.0K (±1% cap)
    NOI $17,161 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Office A
    $443.2K
    $387.8K – $517.1K (±1% cap)
    NOI $31,026 @ 7.0% cap · market cap 11.08%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Ariana Kalamaras Pharmacy

    Suggested Use

    Real Estate Agency Kitchen & Bath Showroom Dental Office HVAC Service Building Supply Skin Care Clinic Auto Parts Store Electrical Service Accounting Firm Storage Facility

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

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    FAQs

    What type of property is this?
    Multifamily property - Desirable Albany multifamily property with two units on Delaware Avenue.
    Where is this multifamily property located?
    The property is located at 260 Delaware Avenue Albany, NY.
    What is the asking price?
    The asking price for this property is $279,995.
    What are key features of this property?
    This property features: Multifamily property on desirable Delaware Ave.; First floor: features 2 bedrooms, 1 full bath, and large kitchen.; Second floor: 1 bedroom, 1 full bath.
    Contact an agent
    (518) 376-2717
    We can help!
    Contact an agent
    Philip Sabatino
    Philip Sabatino
    Real Estate License ID: 10401299525
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