Renovated
99 Lark Street Albany, NY 12210
99 Lark Street, Albany, NY, 12210
$270,000
Pending
For Sale
$270,000
Pending
MULTI_FAMILY - Other - Albany, NY
Property Size2,214 SF
Lot Size0.03 Acres
Days on Market35
Property Features for 99 Lark Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
- Standard status
- Pending
- APN
- 010100 65.72-6-25
- Size
- 2,214 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4762
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1877
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agency
Realty One Group Key
(518) 630-5360
Listed by
Asif Mahamud · License #10401341945
(518) 505-5708
Added: Jun 18 Updated: Jun 23 at 3:24PM Checked: Jul 22 at 11:06PM
MLS# 202620052
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 for-sale triplex is positioned as a turnkey rental property, with rental revenue currently reported at approximately $3,550 per month. The building has seen a recent capital update with a brand-new roof installed last month, including new plywood sheathing, along with additional recent renovations intended to improve overall condition and tenant appeal. The property is configured for income generation across three units, with acquisition options that allow purchase with tenants in place for immediate income or delivery vacant depending on the buyer’s preference.
Located at 99 Lark Street in Albany, New York (12210), the property benefits from an address on a known urban corridor, supporting straightforward access for residents and property management. The small footprint is reflected in the reported lot size.
For investors or owner-operators looking for a residential income asset, the practical value here is that significant exterior and renovation work has already been completed per the seller’s remarks, reducing the need to address deferred maintenance immediately. The ability to acquire with tenants in place may appeal to buyers seeking stability from day one, while a vacant delivery option may fit those who plan to reposition units after purchase. The asking price is $270,000.
Located at 99 Lark Street in Albany, New York (12210), the property benefits from an address on a known urban corridor, supporting straightforward access for residents and property management. The small footprint is reflected in the reported lot size.
For investors or owner-operators looking for a residential income asset, the practical value here is that significant exterior and renovation work has already been completed per the seller’s remarks, reducing the need to address deferred maintenance immediately. The ability to acquire with tenants in place may appeal to buyers seeking stability from day one, while a vacant delivery option may fit those who plan to reposition units after purchase. The asking price is $270,000.
Key Highlights
- Triplex built in 1877 with brick construction
- Currently generating approximately $3,550 per month in rental revenue
- Brand‑new flat roof installed last month, including new plywood sheathing
Local Financial Insights For Apartment 5plus
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 | $43.8k | $19.80 |
| − Vacancy | −$2.7k | −$1.23 |
| EGI | $41.1k | $18.57 |
| − OpEx | −$18.5k | −$8.36 |
| NOI | $22.6k | $10.21 |
2,214 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.2K
$315.2K – $420.2K
NOI $25,214 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$323.1K
$282.7K – $376.9K
NOI $22,616 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$584.1K
$511.1K – $681.5K
NOI $40,888 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex generating rental income with a newly installed roof and recent renovations for improved tenant appeal.
Where is this triplex located?
The property is located at 99 Lark Street Albany, NY.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Triplex built in 1877 with brick construction; Currently generating approximately $3,550 per month in rental revenue; Brand‑new flat roof installed last month, including new plywood sheathing
