Connected Multifamily Apartment
1 Cataract Street Cohoes, NY 12047
1 Cataract Street, Cohoes, NY, 12047
$499,900
For Sale
$499,900
Two connected apartment buildings totaling six units, with two vacant units needing renovation and updates.
Property Size3,780 SF
Price / SF$132.25
Days on Market125
Property Features for 1 Cataract Street
General Information
- Standard status
- Active
- Size
- 3,780 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1900
Listing agency
Veno Properties
(518) 337-6557
Listed by
Erica L Vienneau · License #10491207645
(518) 337-6557
Source
Compass
Added: Mar 20 Updated: Jul 22 at 4:48AM Checked: Jul 22 at 4:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Veno Properties
Investment Insights
Based on property information with market context.
1 & 3 Cataract St., though deeded separately, are connected and being sold together as a six-unit residential income property. The buildings are at the end of the block and back to the Mohawk River. Four of the units are currently occupied.
The two vacant units are located in building 3 and are in need of updating and renovation. Unit 1 is described as a larger project in rough condition, while Unit 2 needs turnover work.
This offering presents a straightforward six-unit configuration with an immediate focus on bringing the two vacant apartments back to rentable condition.
The two vacant units are located in building 3 and are in need of updating and renovation. Unit 1 is described as a larger project in rough condition, while Unit 2 needs turnover work.
This offering presents a straightforward six-unit configuration with an immediate focus on bringing the two vacant apartments back to rentable condition.
Key Highlights
- Two connected apartment buildings at 1 & 3 Cataract St sold together, totaling 6 units
- Backs to the Mohawk River and is adjacent to Harmony Mills
- 6 total units: 4 occupied and 2 vacant units in building 3
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 | $77.1k | $20.40 |
| − Vacancy | −$3.7k | −$0.98 |
| EGI | $73.4k | $19.42 |
| − OpEx | −$33.0k | −$8.74 |
| NOI | $40.4k | $10.68 |
3,780 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$576.8K
$504.7K – $672.9K
NOI $40,376 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,567 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two connected apartment buildings totaling six units, with two vacant units needing renovation and updates.
Where is this apartment building located?
The property is located at 1 Cataract Street Cohoes, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two connected apartment buildings at 1 & 3 Cataract St sold together, totaling 6 units; Backs to the Mohawk River and is adjacent to Harmony Mills; 6 total units: 4 occupied and 2 vacant units in building 3
