118 North Allen Street, Albany, NY 12203
Two-family home with new floors, roof, paint, and appliances.
- Added:
- May 29, 2025
- Days on Market:
- 405
- Last Refresh:
- Jul 5 at 9:20 am
Property Features for 118 North Allen Street
General Information
- Standard status
- Active
- Size
- 1,924 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1917
Listing office Jannah Realty LLC (518) 986-7979
Listing date May 29, 2025
Source Compass
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 Jannah Realty LLC
HighLights
- Two‑family home: Ideal for owner‑occupancy or investment.
- New roof.
- New stainless steel appliances.
- New laminate floors.
- New paint.
- Full basement.
Overview
Local Financial Insights For Multifamily LT 5
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 | $33.5k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $31.3k | $16.27 |
| − OpEx | −$9.4k | −$4.88 |
| NOI | $21.9k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7884473
- Latitude
- 42.670226
