Maintained Duplex with Detached
For Sale
$324,000
141 Johnston Ave, Cohoes, NY 12047
Two well-kept units feature high ceilings, hardwood floors, architectural character, and access to a private backyard.
Property Size2,068 SF
Price / SF$156.67
Days on Market36
Property Features for 141 Johnston Ave
General Information
Standard status
Active
Size
2,068 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private backyard
Building Details
Year Built
1866
Listing Agency:
Field Realty
(518) 859-4947
Listed By:
Johanna Clarke · License #10401291706
(518) 859-4947
Source:
Fieldrealty
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 28 at 10:17AM
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 Field Realty
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1866, offers two residential units with high ceilings, generous natural light, hardwood floors in many rooms, and period architectural details. The property has been carefully maintained through long-term owner and family occupancy, with brand-new boilers serving the building.
A private driveway leads to a detached two-car garage, while the expansive private backyard provides a meaningful outdoor amenity for the property. Located at 141 Johnston Ave in Cohoes, the duplex combines established residential character with practical site features for continued owner occupancy or rental use.
A private driveway leads to a detached two-car garage, while the expansive private backyard provides a meaningful outdoor amenity for the property. Located at 141 Johnston Ave in Cohoes, the duplex combines established residential character with practical site features for continued owner occupancy or rental use.
Key Highlights
- Two‑family duplex at 141 Johnston Ave, Cohoes, NY 12047
- Built in 1866 with architectural details and hardwood floors in many rooms
- Brand‑new boilers
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
$23,878
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
7.37%
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%
$477,560
$477.6K
Cap Rate 7%
$341,114
$341.1K
Cap Rate 9%
$265,311
$265.3K
Market Conditions
NOI Build-Up for 2,068 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
$36.0K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$34.1K $16.50/SF
− OpEx
−$10.2K −$4.95/SF
NOI
$23.9K $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%
$477,560
Cap Rate 7%
$341,114
Cap Rate 9%
$265,311
Alternative Uses
Best Use
Multifamily LT 5
$341.1K
$298.5K – $398.0K
NOI $23,878 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$315.6K
$276.1K – $368.2K
NOI $22,089 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$645.3K
$564.6K – $752.9K
NOI $45,171 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
640
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 well-kept units feature high ceilings, hardwood floors, architectural character, and access to a private backyard.
Where is this duplex located?
The property is located at 141 Johnston Ave Cohoes, NY.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Two‑family duplex at 141 Johnston Ave, Cohoes, NY 12047; Built in 1866 with architectural details and hardwood floors in many rooms; Brand‑new boilers
