Updated 6-Unit Brick Apartment
190 S Allen Street Albany, NY 12208
190 S Allen Street, Albany, NY, 12208
$825,000
For Sale
$825,000
Fully updated six-unit brick building with six 2-bedroom units and separate utilities.
Property Size3,536 SF
Price / SF$233.31
Days on Market70
Property Features for 190 S Allen Street
General Information
- Standard status
- Active
- Size
- 3,536 SF
- Property subtype
- Multi Family
Listing agency
Pyramidbrokerage
(518) 489-9199
Listed by
Pyramid Brokerage Albany
(518) 489-9199
Source
Pyramidbrokerage
Added: May 14 Updated: Jul 20 at 4:36PM Checked: Jul 21 at 3:07AM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This fully updated solid brick 6-unit apartment building features six 2-bedroom units, each with separate utilities and electric baseboard heat. The units have been remodeled throughout with new kitchens, bathrooms, paint, and updated floors. Recent improvements include a replaced roof and windows in 2022, new hot water heaters, and all new doors.
The property is conveniently located near several colleges and within walking distance to St Peter's Hospital.
With all units fully remodeled and major exterior and mechanical updates completed, the building is presented as a low-maintenance addition to a residential income portfolio.
The property is conveniently located near several colleges and within walking distance to St Peter's Hospital.
With all units fully remodeled and major exterior and mechanical updates completed, the building is presented as a low-maintenance addition to a residential income portfolio.
Key Highlights
- Fully updated solid brick 6‑unit building with six 2‑bedroom units.
- Each unit has separate utilities and electric baseboard heat.
- Renovations include new kitchens, bathrooms, paint, and updated floors throughout.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $19.80 |
| − Vacancy | −$4.3k | −$1.23 |
| EGI | $65.7k | $18.57 |
| − OpEx | −$29.6k | −$8.36 |
| NOI | $36.1k | $10.21 |
3,536 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$516.0K
$451.5K – $602.0K
NOI $36,120 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$932.9K
$816.3K – $1.09M
NOI $65,303 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully updated six-unit brick building with six 2-bedroom units and separate utilities.
Where is this apartment building located?
The property is located at 190 S Allen Street Albany, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Fully updated solid brick 6‑unit building with six 2‑bedroom units.; Each unit has separate utilities and electric baseboard heat.; Renovations include new kitchens, bathrooms, paint, and updated floors throughout.
