Six-Bedroom
For Sale
$235,000
Pending
2 Broadway, Cohoes, NY 12047
MultiFamily, Cohoes, NY
Property Size2,016 SF
Lot Size0.18 Acres
Days on Market97
Property Features for 2 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking
2
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Fencing
Fenced, Chain Link, Gate
Basement
Unfinished, Walk-Out Access, Full, Exterior Entry
Elementary school district
Cohoes
Middle school district
Cohoes
High school district
Cohoes
Directions
Columbia St to Broadway
Standard status
Pending
APN
010300 10.58-1-24
Size
2,016 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
3154
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Abigail Curtiss · License #10401362361
(518) 653-1898
Added: May 25
Changed: Aug 20
Last Checked: Aug 29 at 4:06AM
MLS# 202618121
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,016-square-foot duplex, built in 1900, contains six bedrooms and two full bathrooms arranged across separate living spaces. The property is currently vacant and includes vinyl siding, forced-air and electric heating, a porch, driveway parking, and additional off-street parking. Public water and public sewer serve the residence.
The 0.18-acre parcel is enclosed with chain-link fencing and a gate. Located in Cohoes, New York, the property is near shopping, restaurants, parks, and major highways.
The 0.18-acre parcel is enclosed with chain-link fencing and a gate. Located in Cohoes, New York, the property is near shopping, restaurants, parks, and major highways.
Key Highlights
- Six bedrooms and two full bathrooms across separate living spaces
- 2,016 square feet on a 0.18‑acre lot
- Currently vacant for immediate occupancy
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
$21,534
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
9.16%
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%
$430,680
$430.7K
Cap Rate 7%
$307,629
$307.6K
Cap Rate 9%
$239,267
$239.3K
Market Conditions
NOI Build-Up for 2,016 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
$41.1K $20.40/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$39.2K $19.42/SF
− OpEx
−$17.6K −$8.74/SF
NOI
$21.5K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$430,680
Cap Rate 7%
$307,629
Cap Rate 9%
$239,267
Alternative Uses
Best Use
Multifamily LT 5
$332.5K
$291.0K – $388.0K
NOI $23,278 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$307.6K
$269.2K – $358.9K
NOI $21,534 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$629.1K
$550.5K – $733.9K
NOI $44,036 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
710
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit residence with separate living areas, off-street parking, and a fenced yard.
Where is this duplex located?
The property is located at 2 Broadway Cohoes, NY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Six bedrooms and two full bathrooms across separate living spaces; 2,016 square feet on a 0.18‑acre lot; Currently vacant for immediate occupancy
