783 Madison Ave, Albany, NY
Retail property available for purchase in Albany, New York.
- Added:
- Feb 28, 2024
- Days on Market:
- 834
- Last Refresh:
- May 20 at 8:16 pm
Property Features for 783 Madison Ave
General Information
- Standard status
- Active
- Size
- 3,228 SF
- Lot size
- 0.05 Acres
- Property subtype
- RETAIL
Listing agent Philip Sabatino License #10401299525
Listing office Hanna Commercial Real Estate | Capital Region, NY (518) 458-7000
Listing date Feb 28, 2024
Source Moodyscre
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 Hanna Commercial Real Estate | Capital Region, NY
HighLights
- For more information, please contact the agent(s) listed.
Overview
Local Financial Insights For Retail
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 | $60.0k | $18.60 |
| − Vacancy | −$4.3k | −$1.34 |
| EGI | $55.7k | $17.26 |
| − OpEx | −$16.7k | −$5.18 |
| NOI | $39.0k | $12.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7799
- Latitude
- 42.6597
