Updated Brick Duplex with
New
For Sale
$319,000
21-23 Dempster Street, Ravena, NY 12143
Corner-lot property near Mosher Park includes separate laundry appliances in both residences.
Property Size2,480 SF
Price / SF$128.63
Days on Market5
Property Features for 21-23 Dempster Street
General Information
Standard status
Active
Size
2,480 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
front porch
deck
new washers and dryers in both units
Building Details
Year Built
1890
Buildings
1
Construction
brick
Listing Agency:
Realty One Group Key
Listed By:
Nancy A Ragosta · License #40RA1007477
(518) 785-9000
Source:
Signatureonerealtygroup
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:01AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex offers 2,480 square feet across two units. Improvements have been completed, and one residence is vacant and ready for occupancy or rental. Both units have new washers and dryers, and the building is heated by hot-water baseboard. A two-car garage, front porch, and deck add to the property’s existing features.
Set on a corner lot, the property is 100 feet from Mosher Park. Built in 1890, the duplex combines two residential units with garage parking and outdoor space.
Set on a corner lot, the property is 100 feet from Mosher Park. Built in 1890, the duplex combines two residential units with garage parking and outdoor space.
Key Highlights
- Two‑unit brick duplex with 2,480 square feet
- One unit is vacant and ready for occupancy or rental
- Two‑car garage, front porch, and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,636
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,720
$572.7K
Cap Rate 7%
$409,086
$409.1K
Cap Rate 9%
$318,178
$318.2K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$43.2K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.9K $16.50/SF
− OpEx
−$12.3K −$4.95/SF
NOI
$28.6K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,720
Cap Rate 7%
$409,086
Cap Rate 9%
$318,178
Alternative Uses
Best Use
Multifamily LT 5
$409.1K
$358.0K – $477.3K
NOI $28,636 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,490 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$773.9K
$677.1K – $902.9K
NOI $54,171 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 12143, NY
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot property near Mosher Park includes separate laundry appliances in both residences.
Where is this duplex located?
The property is located at 21-23 Dempster Street Ravena, NY.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 2,480 square feet; One unit is vacant and ready for occupancy or rental; Two‑car garage, front porch, and deck
