Building Details

Year Built 1906

Buildings 1

Listing Agency: Continuum Commercial Realty

Listed By: Brian Walters · License #30WA0832219 Show Phone

Source: Albanyprimeproperties

Added: Aug 21 Changed: Oct 15 Last Checked: Oct 14 at 11:12PM

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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 Continuum Commercial Realty

Investment Insights

Based on property information with market context.

This 2,404-square-foot duplex, built in 1906, contains two separate residences with distinct layouts. The first-floor unit has two bedrooms, while the upper unit includes three bedrooms and a dedicated office. Both units feature hardwood flooring, large walk-in pantries, and individual washer and dryer setups located on the first floor.

Storage extends beyond the living areas with a walk-up attic and full basement. Separate utilities serve the two units. The roof is approximately 8 years old, and the windows were replaced in 2007. The property is located at 27 Euclid Ave in Delmar, NY 12054.

Key Highlights

• 2,404‑square‑foot duplex built in 1906
• First‑floor unit offers 2 bedrooms; second‑floor unit has 3 bedrooms plus a dedicated office
• Separate utilities serve each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,758

Cap Rate

6.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$555,160 $555.2K

Cap Rate 7%

$396,543 $396.5K

Cap Rate 9%

$308,422 $308.4K

Market Conditions

NOI Build-Up for 2,404 SF

Gross rent

$41.8K $17.40/SF

− Vacancy

−$2.2K −$0.90/SF

EGI

$39.7K $16.50/SF

− OpEx

−$11.9K −$4.95/SF

NOI

$27.8K $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%

$555,160

Cap Rate 7%

$396,543

Cap Rate 9%

$308,422

Alternative Uses

Best Use

Multifamily LT 5

$396.5K

$347.0K – $462.6K (±1% cap)

NOI $27,758 @ 7.0% cap · market cap 6.85%

Second Best

Apartment 5plus

$366.8K

$321.0K – $428.0K (±1% cap)

NOI $25,678 @ 7.0% cap · market cap 6.34%

Theoretical Best

Office A

$750.2K

$656.4K – $875.2K (±1% cap)

NOI $52,511 @ 7.0% cap · market cap 12.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Electrical Service Building Supply HVAC Service Bakery Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

647

Businesses Nearby

Explore this area Business Placement

Demographics for 12054, NY

17,282

Population

7,221

Households

2.4

Avg Household Size

46

Median Age

68%

College-Educated

98%

High-School Grad

15.5 sq mi

ZIP Area

1,115

Density / Sq Mi

$128,684

Median Household Income

$69,853

Median Earnings

$1,658

Median Rent

$334,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Duplex with spacious layouts, substantial storage, and laundry appliances serving each residence.

Where is this duplex located?

The property is located at 27 Euclid Ave Delmar, NY.

What is the asking price?

The asking price for this property is $405,000.

What are key features of this property?

This property features: 2,404‑square‑foot duplex built in 1906; First‑floor unit offers 2 bedrooms; second‑floor unit has 3 bedrooms plus a dedicated office; Separate utilities serve each unit