Fully Occupied Two-Unit
For Sale
$210,000
19 Defreest Avenue, Troy, NY 12180
Fully occupied two-unit duplex sold as-is and offered within a broader multi-property investment portfolio.
Property Size1,440 SF
Price / SF$145.83
Days on Market60
Property Features for 19 Defreest Avenue
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-family
Occupancy
100%
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Realty One Group Key
Listed By:
Keith A Wells
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 28
Changed: Sep 24
Last Checked: Sep 24 at 9:49AM
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 Realty One Group Key
Investment Insights
Based on property information with market context.
This fully occupied two-unit duplex is being offered for sale as-is. The property is part of a larger investment portfolio made up of multiple properties in close proximity, with the option to purchase the entire portfolio or individual parcels.
The duplex is located at 19 Defreest Avenue in Troy, New York. Built in 1910, the property contains 1,440 SF and is included among the packageable properties listed with this offering: 161 5th Avenue, 19 Defreest Avenue, 3357 6th Avenue, 3365 6th Avenue, and 375 8th Street.
For investors evaluating a multi-property approach, this asset provides a two-unit structure within that portfolio framework.
The duplex is located at 19 Defreest Avenue in Troy, New York. Built in 1910, the property contains 1,440 SF and is included among the packageable properties listed with this offering: 161 5th Avenue, 19 Defreest Avenue, 3357 6th Avenue, 3365 6th Avenue, and 375 8th Street.
For investors evaluating a multi-property approach, this asset provides a two-unit structure within that portfolio framework.
Key Highlights
- Fully occupied two‑unit duplex sold as‑is
- 1,440 SF duplex built in 1910
- Part of a larger portfolio of nearby investment properties
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
$18,861
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
8.98%
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%
$377,220
$377.2K
Cap Rate 7%
$269,443
$269.4K
Cap Rate 9%
$209,567
$209.6K
Market Conditions
NOI Build-Up for 1,440 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
$28.5K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$26.9K $18.71/SF
− OpEx
−$8.1K −$5.61/SF
NOI
$18.9K $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 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%
$377,220
Cap Rate 7%
$269,443
Cap Rate 9%
$209,567
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.8K – $314.4K
NOI $18,861 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$249.7K
$218.5K – $291.3K
NOI $17,479 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$360.0K
$315.0K – $420.0K
NOI $25,198 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
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 - Fully occupied two-unit duplex sold as-is and offered within a broader multi-property investment portfolio.
Where is this duplex located?
The property is located at 19 Defreest Avenue Troy, NY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Fully occupied two‑unit duplex sold as‑is; 1,440 SF duplex built in 1910; Part of a larger portfolio of nearby investment properties
