Updated Four-Unit
103 Ten Broeck Street, Albany, NY 12210
For Sale
$474,900
Commercial-zoned brownstone with four occupied apartments, period details, updated interiors, and separately metered utilities.
Property Size2,280 SF
Price / SF$208.29
Days on Market54
Property Features for 103 Ten Broeck Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
central air
laundry room
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Hunt ERA
Listed By:
Lorenzo C Murray
(617) 212-7290
Source:
Capmarkrealty
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 12 at 4:52AM
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 Hunt ERA
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Investment Insights
Based on property information with market context.
This 2,280-square-foot brownstone, built in 1871, contains four one-bedroom, one-bath apartments. The building retains its historic exterior and tall ceilings, while interior improvements include newer flooring, fresh paint, updated kitchen cabinetry and countertops, matching appliances, and renovated bathrooms. Two apartments include in-unit laundry, and the first-floor residence has central air. Heating is provided by forced hot air, with baseboard systems in some units. Each apartment has separate gas and electric meters billed to the tenant.
The lower level provides a shared laundry room and additional utility area. Exterior space at the rear can accommodate a small patio. All four apartments are occupied, and Residential Occupancy Permits are available for each unit. A recent full inspection report is also available for buyer review. The property is in the Ten Broeck Triangle, near the retail and nightlife offerings along South Pearl and State Streets.
The lower level provides a shared laundry room and additional utility area. Exterior space at the rear can accommodate a small patio. All four apartments are occupied, and Residential Occupancy Permits are available for each unit. A recent full inspection report is also available for buyer review. The property is in the Ten Broeck Triangle, near the retail and nightlife offerings along South Pearl and State Streets.
Key Highlights
- Four one‑bedroom, one‑bath apartments in a 2,280‑square‑foot brownstone
- Built in 1871 with historic exterior character and tall ceilings
- All four apartments are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,965
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,300
$519.3K
Cap Rate 7%
$370,929
$370.9K
Cap Rate 9%
$288,500
$288.5K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$39.7K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.1K $16.27/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$26.0K $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 Rate 5%
$519,300
Cap Rate 7%
$370,929
Cap Rate 9%
$288,500
Alternative Uses
Best Use
Multifamily LT 5
$370.9K
$324.6K – $432.8K
NOI $25,965 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$332.7K
$291.1K – $388.2K
NOI $23,290 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
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Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Albany, NY
Properties on Market for Quadplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Commercial-zoned brownstone with four occupied apartments, period details, updated interiors, and separately metered utilities.
Where is this quadplex located?
The property is located at 103 Ten Broeck Street Albany, NY.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath apartments in a 2,280‑square‑foot brownstone; Built in 1871 with historic exterior character and tall ceilings; All four apartments are occupied
