Two-Property Multifamily
34-36 Sparkill Avenue Albany, NY 12209
For Sale
$1,300,000
10-unit apartment portfolio with off-street parking, garages, and coin-operated basement laundry.
Property Size4,424 SF
Price / SF$293.85
Days on Market168
Property Features for 34-36 Sparkill Avenue
General Information
- Standard status
- Active
- Size
- 4,424 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1929
Listing Agency:
McDonald Real Estate Comp LLC
(518) 505-4977
Listed By:
Colin McDonald · License #10491210476
(518) 505-4977
Source:
Compass
Added: Feb 6
Changed: Jul 20
Last Checked: Jul 21 at 6:52AM
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 McDonald Real Estate Comp LLC
Investment Insights
Based on property information with market context.
This two-property multifamily portfolio includes 10 residential units at 34-36 Sparkill Avenue. The properties offer off-street parking and garages, and feature coin-operated laundry in the basement. The units are described as updated and remodeled, presented as a maintained, turn-key residential income option.
According to the remarks, the buildings sit just steps from major thoroughfares and bus lines, with convenient proximity to Albany Medical Center, local colleges, downtown State and legislative buildings, Washington Park, shopping, and dining.
With a compact, residential layout and on-site parking supported by garages, the portfolio is positioned for practical day-to-day management for both newer and experienced owners.
According to the remarks, the buildings sit just steps from major thoroughfares and bus lines, with convenient proximity to Albany Medical Center, local colleges, downtown State and legislative buildings, Washington Park, shopping, and dining.
With a compact, residential layout and on-site parking supported by garages, the portfolio is positioned for practical day-to-day management for both newer and experienced owners.
Key Highlights
- 10‑unit apartment portfolio with off‑street parking and garages
- Coin‑operated laundry available in the basement
- Brick construction with rubber roof and hot water heating
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 | $87.6k | $19.80 |
| − Vacancy | −$5.4k | −$1.23 |
| EGI | $82.2k | $18.57 |
| − OpEx | −$37.0k | −$8.36 |
| NOI | $45.2k | $10.21 |
4,424 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$645.6K
$564.9K – $753.2K
NOI $45,190 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,702 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 10-unit apartment portfolio with off-street parking, garages, and coin-operated basement laundry.
Where is this apartment building located?
The property is located at 34-36 Sparkill Avenue Albany, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10‑unit apartment portfolio with off‑street parking and garages; Coin‑operated laundry available in the basement; Brick construction with rubber roof and hot water heating
