Updated Two-Family
New
For Sale
$300,000
10 Bohl Avenue, Albany, NY 12209
Separate utilities and two laundry areas serve the units, alongside a full basement for storage.
Property Size2,276 SF
Price / SF$131.81
Days on Market4
Property Features for 10 Bohl Avenue
General Information
Standard status
Active
Size
2,276 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,400
Amenities
enclosed porch
full basement
separate utilities
two laundry areas
front porch
fully fenced backyard
Building Details
Year Built
1935
Buildings
1
Listing Agency:
KW Platform
Listed By:
Cathy B Griffin · License #10301204356
(518) 331-1412
Source:
Capmarkrealty
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 6:44AM
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 KW Platform
Investment Insights
Based on property information with market context.
This 2,276-square-foot duplex, built in 1935, contains two updated apartments. The second-floor unit has two bedrooms, a living room, dining room, enclosed porch, and an alcove suited to a small work area or reading space. The first-floor apartment has three bedrooms and is occupied under a lease through April 1, 2027. Both units have renovated kitchens and bathrooms; other improvements include a newer roof, heating systems, and windows. Separate utilities, two laundry areas, and a full basement provide additional functional space.
Outdoor features include a front porch and a large, level backyard enclosed by a fence. The property sits on a dead-end street in Albany, near shopping, restaurants, and parks, with access to Albany and Bethlehem.
Outdoor features include a front porch and a large, level backyard enclosed by a fence. The property sits on a dead-end street in Albany, near shopping, restaurants, and parks, with access to Albany and Bethlehem.
Key Highlights
- 2,276‑square‑foot two‑family property built in 1935
- Second‑floor apartment has 2 bedrooms; first‑floor apartment has 3 bedrooms
- First‑floor unit is tenant‑occupied with a lease through April 1, 2027
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
$25,920
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
8.64%
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%
$518,400
$518.4K
Cap Rate 7%
$370,286
$370.3K
Cap Rate 9%
$288,000
$288.0K
Market Conditions
NOI Build-Up for 2,276 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
$39.6K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.0K $16.27/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$25.9K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
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%
$518,400
Cap Rate 7%
$370,286
Cap Rate 9%
$288,000
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$332.1K
$290.6K – $387.5K
NOI $23,249 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$600.5K
$525.4K – $700.6K
NOI $42,033 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and two laundry areas serve the units, alongside a full basement for storage.
Where is this duplex located?
The property is located at 10 Bohl Avenue Albany, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,276‑square‑foot two‑family property built in 1935; Second‑floor apartment has 2 bedrooms; first‑floor apartment has 3 bedrooms; First‑floor unit is tenant‑occupied with a lease through April 1, 2027
