Vacant Updated Two-Family
For Sale
$229,900
25 Lancaster Street, Cohoes, NY 12047
Updated two-family residence is vacant, with two private decks and separate units offering 2 and 3 bedrooms.
Property Size1,890 SF
Price / SF$121.64
Days on Market100
Property Features for 25 Lancaster Street
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Multi-family
Building Details
Year Built
1880
Listing Agency:
Gucciardo Real Estate Group LLC
Listed By:
Pavel Karakalchu
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 11
Changed: Sep 17
Last Checked: Sep 18 at 8:51AM
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 Gucciardo Real Estate Group LLC
Investment Insights
Based on property information with market context.
This vacant, updated two-family home is ready for immediate occupancy or rental. The property includes a first-floor unit with 2 bedrooms and 1 full bath, and a second-floor unit with 3 bedrooms and 1 full bath.
Updates mentioned in the remarks include a new roof and siding. Each unit also has its own private deck overlooking the backyard, providing outdoor space separate for each household.
If you’re looking for a two-unit residential income property with a straightforward duplex layout and current exterior improvements already completed, this one is positioned for quick move-in or leasing.
Updates mentioned in the remarks include a new roof and siding. Each unit also has its own private deck overlooking the backyard, providing outdoor space separate for each household.
If you’re looking for a two-unit residential income property with a straightforward duplex layout and current exterior improvements already completed, this one is positioned for quick move-in or leasing.
Key Highlights
- Updated 2‑family residence built in 1880, currently vacant and ready for owner‑occupant or immediate tenant occupancy
- Two separate units: 1st‑floor unit has 2 bedrooms and 1 full bath; 2nd‑floor unit has 3 bedrooms and 1 full bath
- New roof and siding reported as part of numerous updates
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
$20,188
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
8.78%
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%
$403,760
$403.8K
Cap Rate 7%
$288,400
$288.4K
Cap Rate 9%
$224,311
$224.3K
Market Conditions
NOI Build-Up for 1,890 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
$38.6K $20.40/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$36.7K $19.42/SF
− OpEx
−$16.5K −$8.74/SF
NOI
$20.2K $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%
$403,760
Cap Rate 7%
$288,400
Cap Rate 9%
$224,311
Alternative Uses
Best Use
Multifamily LT 5
$311.8K
$272.8K – $363.7K
NOI $21,823 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$288.4K
$252.4K – $336.5K
NOI $20,188 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$589.8K
$516.0K – $688.1K
NOI $41,283 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
702
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Updated two-family residence is vacant, with two private decks and separate units offering 2 and 3 bedrooms.
Where is this duplex located?
The property is located at 25 Lancaster Street Cohoes, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Updated 2‑family residence built in 1880, currently vacant and ready for owner‑occupant or immediate tenant occupancy; Two separate units: 1st‑floor unit has 2 bedrooms and 1 full bath; 2nd‑floor unit has 3 bedrooms and 1 full bath; New roof and siding reported as part of numerous updates
