Updated Six-Unit Apartment
For Sale
$761,000
299 Quail Street, Albany, NY 12208
Multifamily property with renewed plumbing and electrical systems in Albany’s Pine Hills neighborhood.
Property Size3,392 SF
Price / SF$224.35
Days on Market51
Property Features for 299 Quail Street
General Information
Standard status
Active
Size
3,392 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$74,950
Public Transit
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$14,626
Building Details
Year Built
1900
Listing Agency:
Howard Hanna Capital Inc
Listed By:
Mariana DeLuca · License #30194
(518) 258-7595
Source:
Capmarkrealty
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 14 at 8:12PM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
This six-unit apartment building contains 3,392 SF and includes updated units with new plumbing and electrical systems. The property is located in Albany’s Pine Hills neighborhood, with access to restaurants, shopping, public transportation, colleges, and downtown Albany.
The building may also be purchased as part of a package with 77 S. Allen, a 3-unit property, and 328 Western Ave, a 10-unit property. Together, the listed properties offer multiple multifamily assets across Albany.
The building may also be purchased as part of a package with 77 S. Allen, a 3-unit property, and 328 Western Ave, a 10-unit property. Together, the listed properties offer multiple multifamily assets across Albany.
Key Highlights
- Six‑unit apartment building with 3,392 SF
- Updated units with all new plumbing and electrical
- Located in Albany’s Pine Hills neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,649
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,980
$693.0K
Cap Rate 7%
$494,986
$495.0K
Cap Rate 9%
$384,989
$385.0K
Market Conditions
NOI Build-Up for 3,392 SF
Gross rent
$67.2K $19.80/SF
− Vacancy
−$4.2K −$1.23/SF
EGI
$63.0K $18.57/SF
− OpEx
−$28.3K −$8.36/SF
NOI
$34.6K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,980
Cap Rate 7%
$494,986
Cap Rate 9%
$384,989
Alternative Uses
Best Use
Apartment 5plus
$495.0K
$433.1K – $577.5K
NOI $34,649 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$894.9K
$783.0K – $1.04M
NOI $62,643 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with renewed plumbing and electrical systems in Albany’s Pine Hills neighborhood.
Where is this apartment building located?
The property is located at 299 Quail Street Albany, NY.
What is the asking price?
The asking price for this property is $761,000.
What are key features of this property?
This property features: Six‑unit apartment building with 3,392 SF; Updated units with all new plumbing and electrical; Located in Albany’s Pine Hills neighborhood
