7-Unit Mixed-Use
289 Ontario Street, Cohoes, NY 12047
For Sale
New
$799,000
Residential Income, Cohoes, NY
Property Size6,000 SF
Lot Size0.06 Acres
Price / SF$133.17
Days on Market2
Property Features for 289 Ontario Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Anthony R Gagliardi
(518) 348-2060
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 12067336
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-story, 6,000-square-foot brick mixed-use property contains seven units: two commercial spaces at street level and five updated apartments above. All spaces are leased, and the apartments have current leases. The building was constructed in 1958 on a 0.06-acre parcel.
The property is across from City Hall and a park, with a mural on the side facing those civic surroundings.
The property is across from City Hall and a park, with a mural on the side facing those civic surroundings.
Key Highlights
- Seven units: two commercial spaces and five apartments
- All spaces are leased; apartments have current leases
- Five apartments have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,425
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,500
$1.4M
Cap Rate 7%
$1,034,643
$1.0M
Cap Rate 9%
$804,722
$804.7K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$4.5K −$0.76/SF
EGI
$103.5K $17.24/SF
− OpEx
−$31.0K −$5.17/SF
NOI
$72.4K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,500
Cap Rate 7%
$1,034,643
Cap Rate 9%
$804,722
Alternative Uses
Best Use
Retail
$1.03M
$905.3K – $1.21M
NOI $72,425 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$915.6K
$801.1K – $1.07M
NOI $64,089 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,058 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
736
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
$237,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Albany County, NY
Properties on Market for Mixed-use properties in Albany County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased commercial spaces sit beneath five updated apartments with current leases.
Where is this mixed-use property located?
The property is located at 289 Ontario Street Cohoes, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Seven units: two commercial spaces and five apartments; All spaces are leased; apartments have current leases; Five apartments have been updated
