Two-Building Triplex
New
For Sale
$1,150,000
364-366 Madison Avenue, Albany, NY 12210
One residence features central air, modern kitchens, open living areas and laundry within the units.
Property Size7,656 SF
Price / SF$150.21
Days on Market7
Property Features for 364-366 Madison Avenue
General Information
Standard status
Active
Size
7,656 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$28,056
Amenities
central air
in-unit laundry
Building Details
Year Built
2020
Buildings
2
Listing Agency:
Realty One Group Key
Listed By:
Ryan Mortka · License #10401319216
(518) 534-3714
Source:
Capmarkrealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 4:58AM
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 Realty One Group Key
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The portfolio comprises two three-family buildings at 341 and 364 Madison Avenue, along with a vacant parcel at 366 Madison Avenue. The 364 Madison Avenue property was constructed in 2020 and includes open-plan living areas, contemporary kitchens, central air conditioning and in-unit laundry. The adjoining lot is part of the offering.
The properties are in downtown Albany, near the NYS Capitol, Empire State Plaza, restaurants and other downtown amenities. The buildings and vacant land are being offered together.
The properties are in downtown Albany, near the NYS Capitol, Empire State Plaza, restaurants and other downtown amenities. The buildings and vacant land are being offered together.
Key Highlights
- Two three‑family buildings, totaling six apartments
- 364 Madison Avenue was built in 2020
- Apartments at 364 Madison Avenue have central air and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,189
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,780
$1.7M
Cap Rate 7%
$1,245,557
$1.2M
Cap Rate 9%
$968,767
$968.8K
Market Conditions
NOI Build-Up for 7,656 SF
Gross rent
$133.2K $17.40/SF
− Vacancy
−$8.7K −$1.13/SF
EGI
$124.6K $16.27/SF
− OpEx
−$37.4K −$4.88/SF
NOI
$87.2K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,780
Cap Rate 7%
$1,245,557
Cap Rate 9%
$968,767
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,189 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$1.12M
$977.6K – $1.30M
NOI $78,205 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,391 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - One residence features central air, modern kitchens, open living areas and laundry within the units.
Where is this triplex located?
The property is located at 364-366 Madison Avenue Albany, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two three‑family buildings, totaling six apartments; 364 Madison Avenue was built in 2020; Apartments at 364 Madison Avenue have central air and in‑unit laundry
