11-Unit Apartment
For Sale
$375,000
145 Quail Street, Albany, NY 12206
Commercial-zoned property with private and shared kitchen arrangements.
Property Size2,184 SF
Price / SF$171.70
Days on Market95
Property Features for 145 Quail Street
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi-Family
Zoning
Commercial
Occupancy
100%
Units
Unit Mix
1 x studio, 10 x SRO
Multifamily Units
11
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,050
Building Details
Year Built
1915
Listing Agency:
eXp Realty
Listed By:
Michael R Garvin
(518) 888-2313
Source:
Capmarkrealty
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 24 at 2:08PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 2,184-square-foot apartment building, constructed in 1915, contains 11 units across 12 rooms. The layout includes one self-contained studio with its own kitchen, while ten additional rooms use a common kitchen. The property is described as fully occupied and includes a mix of private and shared residential accommodations.
Located at 145 Quail Street in Albany, the building is near major bus lines and within reach of SUNY Albany, Albany Medical Center, Albany Law School, and other area universities and hospitals. Commercial zoning supports the property’s current multifamily configuration.
Located at 145 Quail Street in Albany, the building is near major bus lines and within reach of SUNY Albany, Albany Medical Center, Albany Law School, and other area universities and hospitals. Commercial zoning supports the property’s current multifamily configuration.
Key Highlights
- 11‑unit apartment building with 12 rooms
- 2,184 square feet; built in 1915
- One self‑contained studio with private kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,309
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,180
$446.2K
Cap Rate 7%
$318,700
$318.7K
Cap Rate 9%
$247,878
$247.9K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$43.2K $19.80/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$40.6K $18.57/SF
− OpEx
−$18.3K −$8.36/SF
NOI
$22.3K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,180
Cap Rate 7%
$318,700
Cap Rate 9%
$247,878
Alternative Uses
Best Use
Apartment 5plus
$318.7K
$278.9K – $371.8K
NOI $22,309 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
11
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Commercial-zoned property with private and shared kitchen arrangements.
Where is this apartment building located?
The property is located at 145 Quail Street Albany, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 11‑unit apartment building with 12 rooms; 2,184 square feet; built in 1915; One self‑contained studio with private kitchen
