Mixed-Use Retail and
265 S PEARL ST Unit 265 Albany, NY 12202
265 S PEARL ST Unit 265, Albany, NY, 12202
$350,000
For Sale
$350,000
Mixed-use building with a coffee and luncheonette on the first floor and a two-bedroom apartment upstairs.
Property Size2,320 SF
Price / SF$150.86
Days on Market1035
Property Features for 265 S PEARL ST Unit 265
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing agency
(518) 464-0870
Listed by
Berkshire Hathaway Home Services Blake
Source
Xome
Added: Sep 22, 2023 Updated: Jul 21 at 3:43PM Checked: Jul 21 at 3:43PM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This mixed-use property offers first-floor commercial space currently operating as a coffee and luncheonette shop, along with a two-bedroom apartment on the second floor. The sale includes the first-floor business with all FF&E, supporting immediate continuity of operations.
The property is located at 265 S Pearl St Unit 265 in Albany, New York. The building’s configuration supports a combined live-and-work setup, with separate functional areas for the food service operation and the residential unit above.
The property is located at 265 S Pearl St Unit 265 in Albany, New York. The building’s configuration supports a combined live-and-work setup, with separate functional areas for the food service operation and the residential unit above.
Key Highlights
- 2,320 SF mixed‑use building with coffee and luncheonette shop on the first floor and a 2‑bedroom apartment on the second floor
- First‑floor business included in the sale, along with all FF&E
- Commercial zoning
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $19.80 |
| − Vacancy | −$3.1k | −$1.33 |
| EGI | $42.9k | $18.47 |
| − OpEx | −$10.7k | −$4.62 |
| NOI | $32.1k | $13.86 |
2,320 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$459.2K
$401.8K – $535.7K
NOI $32,144 @ 7.0% cap · market cap 9.18%
Second Best
Mixed Use
$390.6K
$341.8K – $455.7K
NOI $27,344 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$612.1K
$535.6K – $714.1K
NOI $42,846 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
South Pearl Coffee ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a coffee and luncheonette on the first floor and a two-bedroom apartment upstairs.
Where is this mixed-use property located?
The property is located at 265 S PEARL ST Unit 265 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: 2,320 SF mixed‑use building with coffee and luncheonette shop on the first floor and a 2‑bedroom apartment on the second floor; First‑floor business included in the sale, along with all FF&E; Commercial zoning
