Brick Duplex With Detached
For Sale
$379,999
6 View Avenue, Albany, NY 12209
Residential Income, Call Listing Agent, NY
Property Size2,576 SF
Lot Size0.10 Acres
Price / SF$147.52
Days on Market13
Property Features for 6 View Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Basement, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3
Parking features
Driveway, Open
Interior features
Beamed Ceilings, Chandelier, Crown Molding, Open Kitchen, Quartz/Quartzite Counters, Recessed Lighting
Basement
Finished
Elementary school
Delaware Community School
Middle school
STEPHEN AND HARRIET MYERS MIDDLE SCHOOL
High school
Albany High School
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
google maps, maps, waze
Standard status
Active
APN
010100076.54-3-31
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5285
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Steam, Natural Gas, Baseboard
Water source
Public
Amenities
enclosed porches
full basement
walk-up attic
Building Details
Year built
1927
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Kemar James SFR
(347) 485-6597
Added: Sep 13
Changed: Sep 20
Last Checked: Sep 25 at 2:06AM
MLS# 1053088
Copyright © 2026 OneKey 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 1927 Colonial-style duplex is a brick two-family property with approximately 2,576 square feet of above-grade living space. Each unit includes bedrooms, bonus rooms, living space, a kitchen, and full and half bathrooms. Enclosed porches extend the usable area, while the full basement adds bonus rooms and a bathroom. A walk-up attic offers additional storage or future improvement potential, subject to applicable requirements.
Parking is available through the driveway and detached garage or carport. The property includes public water and public sewer service, with steam, natural gas, and baseboard heating. Located in Albany's Delaware Avenue area, the property provides access to neighborhood amenities, transportation, shopping, dining, Downtown Albany, and other Capital Region destinations. The sale also includes the vacant lot at 8 View Avenue.
Parking is available through the driveway and detached garage or carport. The property includes public water and public sewer service, with steam, natural gas, and baseboard heating. Located in Albany's Delaware Avenue area, the property provides access to neighborhood amenities, transportation, shopping, dining, Downtown Albany, and other Capital Region destinations. The sale also includes the vacant lot at 8 View Avenue.
Key Highlights
- Two‑unit brick property with approximately 2,576 square feet of above‑grade living space
- Built in 1927 with Colonial architectural style
- Full basement includes bonus spaces and a bathroom
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
$29,336
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
7.72%
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%
$586,720
$586.7K
Cap Rate 7%
$419,086
$419.1K
Cap Rate 9%
$325,956
$326.0K
Market Conditions
NOI Build-Up for 2,576 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
$44.8K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$41.9K $16.27/SF
− OpEx
−$12.6K −$4.88/SF
NOI
$29.3K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
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%
$586,720
Cap Rate 7%
$419,086
Cap Rate 9%
$325,956
Alternative Uses
Best Use
Multifamily LT 5
$419.1K
$366.7K – $488.9K
NOI $29,336 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$375.9K
$328.9K – $438.6K
NOI $26,313 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$679.6K
$594.7K – $792.9K
NOI $47,574 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units with enclosed porches, basement space, attic storage, and off-street parking support flexible residential use.
Where is this duplex located?
The property is located at 6 View Avenue Albany, NY.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: Two‑unit brick property with approximately 2,576 square feet of above‑grade living space; Built in 1927 with Colonial architectural style; Full basement includes bonus spaces and a bathroom
