Two-Unit Duplex with Rubber
For Sale
$240,000
30 North Reservoir Street, Cohoes, NY 12047
The property includes two two-bedroom apartments with owner-paid heat and hot water.
Property Size1,496 SF
Price / SF$160.43
Days on Market130
Property Features for 30 North Reservoir Street
General Information
Standard status
Active
Size
1,496 SF
Total Parking Spaces
3
Property subtype
Multi Family / Duplex
Taxes and HOA fees
Annual Taxes
$4,249
Amenities
Flat, Rubber
None, No
Hot Water, Radiant, Yes
Full, Walk-Out Access
Paddle Fan
Yes
Clapboard
Electric Dryer Hookup, Washer Hookup, Other
Porch
Building Details
Year Built
1920
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 727-7493
Listed By:
Leon Levy · License #30LE0983094
(518) 727-7493
Source:
Compass
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 31 at 12:20AM
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.
Located at 30 North Reservoir Street in Cohoes, this two-unit residential property contains a pair of two-bedroom apartments within a 1,496-square-foot building constructed in 1920. The configuration supports either owner occupancy or continued use as a residential income property, as described for the asset.
Physical features include a newer rubber roof, radiant hot water, full walk-out access, a porch, clapboard exterior siding, and washer and electric dryer hookups. The property is situated on North Reservoir Street in Cohoes, NY 12047.
Physical features include a newer rubber roof, radiant hot water, full walk-out access, a porch, clapboard exterior siding, and washer and electric dryer hookups. The property is situated on North Reservoir Street in Cohoes, NY 12047.
Key Highlights
- Two 2‑bedroom apartments
- 1,496‑square‑foot building constructed in 1920
- Newer rubber roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,274
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,480
$345.5K
Cap Rate 7%
$246,771
$246.8K
Cap Rate 9%
$191,933
$191.9K
Market Conditions
NOI Build-Up for 1,496 SF
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.
Gross rent
$26.0K $17.40/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$24.7K $16.50/SF
− OpEx
−$7.4K −$4.95/SF
NOI
$17.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,480
Cap Rate 7%
$246,771
Cap Rate 9%
$191,933
Alternative Uses
Best Use
Multifamily LT 5
$246.8K
$215.9K – $287.9K
NOI $17,274 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$228.3K
$199.7K – $266.3K
NOI $15,979 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,677 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes two two-bedroom apartments with owner-paid heat and hot water.
Where is this duplex located?
The property is located at 30 North Reservoir Street Cohoes, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two 2‑bedroom apartments; 1,496‑square‑foot building constructed in 1920; Newer rubber roof
