Two-Family Brownstone with Garden
For Sale
$325,000
Pending
225 Jay St, Albany, NY 12210
Historic duplex with updated kitchen, hardwood floors, two laundry areas, and public water and sewer.
Property Size2,850 SF
Days on Market59
Property Features for 225 Jay St
General Information
Standard status
Pending
Size
2,850 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$15,600
Utilities to Site
Yes
Multifamily Units
2
Amenities
hardwood floors
fireplaces
renovated kitchen
clawfoot tub
walk-in closet
washer/dryer
Building Details
Year Built
1856
Buildings
1
Construction
brownstone
Listing Agency:
Exp Realty
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Aug 8
Changed: Oct 4
Last Checked: Oct 4 at 8:49AM
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 Exp Realty
Investment Insights
Based on property information with market context.
Built in 1856, this two-family brownstone at 225 Jay Street in Albany includes a two-story main residence and a renovated garden apartment. The primary residence features hardwood flooring, two original nonfunctioning fireplaces, an updated kitchen, a full bathroom with a clawfoot tub, a large bedroom, and a walk-in closet. Laundry equipment is located upstairs, while the garden apartment has its own washer and dryer.
The garden unit is leased through February, and the owner currently covers utilities. The property is connected to public water and sewer. The main residence is owner occupied and available to show, offering a distinct duplex configuration with separate living areas within a historic Albany building.
The garden unit is leased through February, and the owner currently covers utilities. The property is connected to public water and sewer. The main residence is owner occupied and available to show, offering a distinct duplex configuration with separate living areas within a historic Albany building.
Key Highlights
- Two‑family brownstone built in 1856
- Renovated garden apartment leased through February
- Main residence includes updated kitchen and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,112
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,240
$582.2K
Cap Rate 7%
$415,886
$415.9K
Cap Rate 9%
$323,467
$323.5K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$56.4K $19.80/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$52.9K $18.57/SF
− OpEx
−$23.8K −$8.36/SF
NOI
$29.1K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,240
Cap Rate 7%
$415,886
Cap Rate 9%
$323,467
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.7K – $541.0K
NOI $32,457 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$415.9K
$363.9K – $485.2K
NOI $29,112 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$751.9K
$657.9K – $877.2K
NOI $52,634 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Historic duplex with updated kitchen, hardwood floors, two laundry areas, and public water and sewer.
Where is this duplex located?
The property is located at 225 Jay St Albany, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑family brownstone built in 1856; Renovated garden apartment leased through February; Main residence includes updated kitchen and hardwood floors
