Updated Two-Unit
For Sale
$208,989
Pending
206 Mohawk Street, Cohoes, NY 12047
Two comparable apartments offer refreshed interiors, private kitchens, and efficient layouts for flexible ownership.
Property Size1,120 SF
Days on Market54
Property Features for 206 Mohawk Street
General Information
Standard status
Pending
Size
1,120 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$2,700
Building Details
Year Built
1880
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Alysha Rizzicone
(518) 728-9615
Source:
Capmarkrealty
Added: Jul 11
Changed: Aug 31
Last Checked: Sep 2 at 1:50PM
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 Miranda Real Estate Group Inc
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,120 square feet and was built in 1880. Each apartment provides two bedrooms, one full bathroom, a full kitchen with a range and refrigerator, plus a combined living and dining area. Interior improvements include new paint, updated flooring, built-in shelving, refreshed kitchens, and renovated bathrooms.
Located at 206 Mohawk Street in Cohoes, the property offers access to I-787 and major Capital Region commuter routes. The matching unit layouts provide a consistent configuration across both apartments, with updated finishes and essential kitchen appliances already in place.
Located at 206 Mohawk Street in Cohoes, the property offers access to I-787 and major Capital Region commuter routes. The matching unit layouts provide a consistent configuration across both apartments, with updated finishes and essential kitchen appliances already in place.
Key Highlights
- Two‑unit duplex at 206 Mohawk Street, Cohoes, NY 12047
- Each apartment includes 2 bedrooms and 1 full bath
- Both units feature full kitchens with ranges and refrigerators
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,932
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,640
$258.6K
Cap Rate 7%
$184,743
$184.7K
Cap Rate 9%
$143,689
$143.7K
Market Conditions
NOI Build-Up for 1,120 SF
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.
Gross rent
$19.5K $17.40/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$18.5K $16.50/SF
− OpEx
−$5.5K −$4.95/SF
NOI
$12.9K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,640
Cap Rate 7%
$184,743
Cap Rate 9%
$143,689
Alternative Uses
Best Use
Multifamily LT 5
$184.7K
$161.7K – $215.5K
NOI $12,932 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$170.9K
$149.5K – $199.4K
NOI $11,963 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$349.5K
$305.8K – $407.7K
NOI $24,464 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two comparable apartments offer refreshed interiors, private kitchens, and efficient layouts for flexible ownership.
Where is this duplex located?
The property is located at 206 Mohawk Street Cohoes, NY.
What is the asking price?
The asking price for this property is $208,989.
What are key features of this property?
This property features: Two‑unit duplex at 206 Mohawk Street, Cohoes, NY 12047; Each apartment includes 2 bedrooms and 1 full bath; Both units feature full kitchens with ranges and refrigerators
