29 2nd Street, Albany, NY 12210
Three-story brownstone with 19 rental units plus parking and a three-car garage.
- Added:
- May 24, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 6 at 2:33 am
Property Features for 29 2nd Street
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1913
Listing agent Stephen M McCormick License #10491214014 (518) 698-6321
Listing office Tier One Real Estate Pros LLC (518) 698-6321
Listing date May 24, 2026
Source Compass
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 Tier One Real Estate Pros LLC
HighLights
- 3‑story brownstone built in 1913
- 19 rental units with a mix of apartments and room rentals
- Includes a small parking lot
- 3‑car garage included (27 2nd St)
- Offered with an indicated 11% cap rate
Overview
The building is offered for sale at 29 2nd Street in Albany, New York. The listing includes the site configuration of a downtown-style structure paired with on-site parking and garage space.
For investors and operators looking for a multi-unit residential income property, the 19-unit layout and combined parking/garage improvements provide a practical base for managing a portfolio of unit and room rental spaces within one building. Prospective buyers should review the current unit mix, operating structure, and lease terms to confirm how the apartments and room rentals align with their business plan.
Local Financial Insights For Apartment 5plus
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 | $130.7k | $19.80 |
| − Vacancy | −$8.1k | −$1.23 |
| EGI | $122.6k | $18.57 |
| − OpEx | −$55.2k | −$8.36 |
| NOI | $67.4k | $10.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7526157
- Latitude
- 42.6581433
