Mixed-Use Property with Established
For Sale
$350,000
265 S Pearl Street, Albany, NY 12202
COMMERCIAL - Albany, NY
Property Size2,320 SF
Lot Size0.03 Acres
Price / SF$150.86
Days on Market944
Property Features for 265 S Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
On Street
Basement
Unfinished
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
South Pearl Street between Arch St. and Morton Street.
Standard status
Active
APN
010100 76.57-4-12
Size
2,320 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3433
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Building materials
Frame, Brick
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Louis Marocco · License #10401376321
(518) 429-1728
Added: Jan 3, 2024
Changed: May 14
Last Checked: Aug 4 at 12:06AM
MLS# 202410101
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 mixed-use property, located in Albany, NY, offers 2,320 square feet of space. The property features a commercial zoning designation. The building includes a 38-year-old coffee and luncheonette shop on the first floor, along with a two-bedroom apartment on the second floor. The sale includes the first-floor business and all Furniture, Fixtures, and Equipment (FF&E). The lot size is 0.03 acres.
Key Highlights
- Established mixed‑use property with existing business.
- Includes a 38‑year‑old coffee and luncheonette shop with all FF&E.
- Features a 2‑bedroom apartment on the second floor.
Financial Insights For Specialty 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 | $45.9k | $19.80 |
| − Vacancy | −$3.1k | −$1.33 |
| EGI | $42.9k | $18.47 |
| − OpEx | −$10.7k | −$4.62 |
| NOI | $32.1k | $13.86 |
2,320 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$459.2K
$401.8K – $535.7K
NOI $32,144 @ 7.0% cap · market cap 9.18%
Second Best
Retail
$400.5K
$350.4K – $467.2K
NOI $28,032 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$612.1K
$535.6K – $714.1K
NOI $42,846 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,567
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Electronics 19%
Dollar General
Shops & Services
4,102 visits/mo
0.2 miles
U-Haul Moving & Storage Of Albany
Shops & Services
3,480 visits/mo
0.2 miles
Boost Mobile
Electronics
2,019 visits/mo
0.3 miles
Family Dollar
Shops & Services
1,135 visits/mo
0.4 miles
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Albany, NY
Properties on Market for Mixed-use properties in Albany
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Albany, NY with coffee shop and apartment.
Where is this mixed-use property located?
The property is located at 265 S Pearl Street Albany, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Established mixed‑use property with existing business.; Includes a **38‑year‑old coffee and luncheonette shop with all FF&E**.; Features a **2‑bedroom apartment on the second floor**.
