Two-Unit Duplex with
New
For Sale
$350,000
20-22 Mccrossin Avenue, Albany, NY 12206
Each residence offers three bedrooms, hardwood flooring, separate basement space, and washer and dryer hookups.
Property Size2,432 SF
Price / SF$143.91
Days on Market5
Property Features for 20-22 Mccrossin Avenue
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$38,000
Multifamily Units
2
Amenities
Hardwood floors throughout both units
Front and back porches for both units
Wonderful front, back and side yard
Basement divided for both units
Washer and dryer hook ups available
Building Details
Year Built
1890
Listing Agency:
HS Capital Realty LLC
Listed By:
Talisa Foulks-Pounds
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 10:37PM
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 HS Capital Realty LLC
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Investment Insights
Based on property information with market context.
This 2,432-square-foot duplex, built in 1890, contains two residences with three bedrooms apiece. Hardwood flooring runs throughout both units, and each has its own front and rear porch. The basement is partitioned between the residences, with washer and dryer hookups available. Front, rear, and side yard areas complement the building.
The property is near a bus line and the 787 and I-90 routes. Schools and a hospital are within a two-minute drive and a seven-minute walk.
The property is near a bus line and the 787 and I-90 routes. Schools and a hospital are within a two-minute drive and a seven-minute walk.
Key Highlights
- Two units, each with 3 bedrooms
- 2,432 square feet; built in 1890
- Hardwood floors throughout both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,696
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,920
$553.9K
Cap Rate 7%
$395,657
$395.7K
Cap Rate 9%
$307,733
$307.7K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$42.3K $17.40/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$39.6K $16.27/SF
− OpEx
−$11.9K −$4.88/SF
NOI
$27.7K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,920
Cap Rate 7%
$395,657
Cap Rate 9%
$307,733
Alternative Uses
Best Use
Multifamily LT 5
$395.7K
$346.2K – $461.6K
NOI $27,696 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$354.9K
$310.5K – $414.0K
NOI $24,842 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$641.6K
$561.4K – $748.6K
NOI $44,914 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,091
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, hardwood flooring, separate basement space, and washer and dryer hookups.
Where is this duplex located?
The property is located at 20-22 Mccrossin Avenue Albany, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms; 2,432 square feet; built in 1890; Hardwood floors throughout both residences
