Rented Garage Parking
For Sale
Contact for pricing
Pending
123 Spring Street, Albany, NY 12203
For sale property includes seven rented garages, with recent structural improvements completed within the last two years.
Days on Market114
Property Features for 123 Spring Street
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Cap Rate
8%
Listing Agency:
Coldwell Banker Prime Properties Loudonville
(518) 427-9000
Listed By:
Brian Marsh · License #NY
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Aug 2 at 12:41PM
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 Coldwell Banker Prime Properties Loudonville
Investment Insights
Based on property information with market context.
This for-sale property is a parking and garage facility with seven rented garages. The improvements listed include work completed on the structure within the last two years.
The offering is located at 123 Spring Street in Albany, New York.
If you are looking for a straightforward garage income property with recent building updates, this configuration is designed around existing rented units.
The offering is located at 123 Spring Street in Albany, New York.
If you are looking for a straightforward garage income property with recent building updates, this configuration is designed around existing rented units.
Key Highlights
- 7 rented garages for ongoing rental income
- Stated 8% cap rate
- Lots of structural improvements completed within the last 2 years
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,371
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - For sale property includes seven rented garages, with recent structural improvements completed within the last two years.
Where is this parking lot & garage located?
The property is located at 123 Spring Street Albany, NY.
What are key features of this property?
This property features: 7 rented garages for ongoing rental income; Stated 8% cap rate; Lots of structural improvements completed within the last 2 years
