Multi-Building Duplex
For Sale
$999,900
14 Chatham St, Nassau, NY 12123
Four buildings combine stacked and side-by-side layouts, with recent exterior work and interior updates across most units.
Property Size6,558 SF
Price / SF$152.47
Days on Market38
Property Features for 14 Chatham St
General Information
Standard status
Active
Size
6,558 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Moore Thomas P
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Sep 30
Changed: Nov 5
Last Checked: Nov 6 at 8:48AM
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 Moore Thomas P
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Investment Insights
Based on property information with market context.
This duplex property comprises four buildings on a one-acre lot: two with up-and-down layouts and two with side-by-side units. All eight units are rented. Six have received interior renovations that include kitchens, bathrooms, appliances, lighting, water heaters, vinyl plank flooring, and paint. Recent exterior work includes siding on all buildings, roof work, and four new electric services. The property dates to 1900.
Village-approved plans and permits cover conversion of the garage into two two-bedroom apartments, with county-approved septic plans. Separate septic plans could support converting the unfinished basement into another two-bedroom apartment, subject to town approval. The lot runs from Chatham Street to Johns Street, with the Rail Trail near the rear entrance and village shops and restaurants nearby. East Greenbush is 10 minutes away; Rensselaer and downtown Albany are 20 minutes away.
Village-approved plans and permits cover conversion of the garage into two two-bedroom apartments, with county-approved septic plans. Separate septic plans could support converting the unfinished basement into another two-bedroom apartment, subject to town approval. The lot runs from Chatham Street to Johns Street, with the Rail Trail near the rear entrance and village shops and restaurants nearby. East Greenbush is 10 minutes away; Rensselaer and downtown Albany are 20 minutes away.
Key Highlights
- Eight rented units across four buildings
- One‑acre lot extending from Chatham Street to Johns Street
- Two up‑and‑down duplexes and two side‑by‑side duplexes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,895
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,900
$1.7M
Cap Rate 7%
$1,227,071
$1.2M
Cap Rate 9%
$954,389
$954.4K
Market Conditions
NOI Build-Up for 6,558 SF
Gross rent
$129.8K $19.80/SF
− Vacancy
−$7.1K −$1.09/SF
EGI
$122.7K $18.71/SF
− OpEx
−$36.8K −$5.61/SF
NOI
$85.9K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,900
Cap Rate 7%
$1,227,071
Cap Rate 9%
$954,389
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,895 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$1.14M
$995.0K – $1.33M
NOI $79,602 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,758 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 12123, NY
5,096
Population
2,346
Households
2.2
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
31.8 sq mi
ZIP Area
160
Density / Sq Mi
$104,438
Median Household Income
$54,646
Median Earnings
$959
Median Rent
$275,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Rensselaer County, NY
Properties on Market for Duplexes in Rensselaer County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Four buildings combine stacked and side-by-side layouts, with recent exterior work and interior updates across most units.
Where is this duplex located?
The property is located at 14 Chatham St Nassau, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Eight rented units across four buildings; One‑acre lot extending from Chatham Street to Johns Street; Two up‑and‑down duplexes and two side‑by‑side duplexes
