Historic 4-Unit
201 Jay Street, Albany, NY 12210
For Sale
$850,000
Each residence has central air, in-unit laundry, a dishwasher, and a fireplace.
Property Size6,512 SF
Price / SF$130.53
Days on Market157
Property Features for 201 Jay Street
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air
washer/dryer
dishwasher
fireplaces
private rooftop decks
shared private courtyard
Building Details
Building Size
Year Built
Listing Agency:
Laviano & Associates Real Estate Group
(518) 599-0439
Listed By:
Benjamin Hallow
(518) 461-2643
Source:
Davalarealestate
Added: Jun 6
Changed: Nov 7
Last Checked: Nov 8 at 2:14PM
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 Laviano & Associates Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1860, this 6,512-square-foot multifamily property contains four residences. Central air, laundry appliances, dishwashers, fireplaces, and hardwood flooring are provided in each unit. Bathroom tile, appliances, and heating have been updated. Three residences have private rooftop decks, and residents share a private courtyard.
The property is on a residential street just off Lark Street in Albany, with state offices, hospitals, and universities nearby.
The property is on a residential street just off Lark Street in Albany, with state offices, hospitals, and universities nearby.
Key Highlights
- Four units in a 6,512‑square‑foot building dating to 1860
- Central air, washer/dryer, dishwasher, fireplace, and hardwood floors in each unit
- Private rooftop decks serve three units; shared courtyard on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,161
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,220
$1.5M
Cap Rate 7%
$1,059,443
$1.1M
Cap Rate 9%
$824,011
$824.0K
Market Conditions
NOI Build-Up for 6,512 SF
Gross rent
$113.3K $17.40/SF
− Vacancy
−$7.4K −$1.13/SF
EGI
$105.9K $16.27/SF
− OpEx
−$31.8K −$4.88/SF
NOI
$74.2K $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%
$1,483,220
Cap Rate 7%
$1,059,443
Cap Rate 9%
$824,011
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.0K – $1.24M
NOI $74,161 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$950.3K
$831.5K – $1.11M
NOI $66,519 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,264 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Albany, NY
Properties on Market for Quadplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has central air, in-unit laundry, a dishwasher, and a fireplace.
Where is this quadplex located?
The property is located at 201 Jay Street Albany, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four units in a 6,512‑square‑foot building dating to 1860; Central air, washer/dryer, dishwasher, fireplace, and hardwood floors in each unit; Private rooftop decks serve three units; shared courtyard on site
