Mixed-Use Property With Established
265 S Pearl Street Albany, NY 12202
265 S Pearl Street, Albany, NY, 12202
$350,000
For Sale
$350,000
Mixed-use property featuring a coffee shop and residential apartment.
Property Size2,320 SF
Lot Size0.03 Acres
Price / SF$150.86
Days on Market928
Property Features for 265 S Pearl Street
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Lot size
- 0.03 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency
BERKSHIRE HATHAWAY HOME SERVICES BLAKE
(518) 464-0870
Listed by
LOUIS MAROCCO · License #NY 10401376321
Source
Corcoran
Added: Jan 3, 2024 Checked: Jul 19 at 4:48 am
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 BERKSHIRE HATHAWAY HOME SERVICES BLAKE
Investment Insights
Based on property information with market context.
This mixed-use property offers 2,320 square feet of space. The building includes a coffee and luncheonette shop on the first floor, which has been in operation for 38 years. The sale includes all furniture, fixtures, and equipment (FFE) associated with the first-floor business. The second floor features a two-bedroom apartment.
Key Highlights
- Mixed‑use property with established business and residential unit.
- Includes a 38‑year‑old operating coffee and luncheonette shop.
- All Furniture, Fixtures, and Equipment (FFE) for the business are included.
Local Financial Insights For Specialty 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 | $45.9k | $19.80 |
| − Vacancy | −$3.1k | −$1.33 |
| EGI | $42.9k | $18.47 |
| − OpEx | −$10.7k | −$4.62 |
| NOI | $32.1k | $13.86 |
2,320 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$459.2K
$401.8K – $535.7K
NOI $32,144 @ 7.0% cap · market cap 9.18%
Second Best
Mixed Use
$390.6K
$341.8K – $455.7K
NOI $27,344 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$612.1K
$535.6K – $714.1K
NOI $42,846 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
South Pearl Coffee ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring a coffee shop and residential apartment.
Where is this mixed-use property located?
The property is located at 265 S Pearl Street Albany, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Mixed‑use property with established business and residential unit.; Includes a **38‑year‑old operating coffee and luncheonette shop**.; **All Furniture, Fixtures, and Equipment (FFE) for the business are included**.
