All-Brick Multifamily Apartment
For Sale
$625,000
369 Hudson Avenue, Albany, NY 12210
All-brick apartment building with newer rubber roof, updated flooring and painted hallways, plus heat/hot water included in rents.
Property Size3,564 SF
Price / SF$175.36
Days on Market231
Property Features for 369 Hudson Avenue
General Information
Standard status
Active
Size
3,564 SF
Property subtype
Multi Family / Multi Family
Amenities
on street parking
large back yard
exterior maintenance
Building Details
Year Built
1930
Construction
brick
Tenancy
Multi
Listing Agency:
518 Realty.Com Inc
(518) 369-4856
Listed By:
Christine L Sbardella · License #40ST1037690
(518) 369-4856
Source:
Compass
Added: Dec 12, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:08AM
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 518 Realty.Com Inc
Investment Insights
Based on property information with market context.
This all-brick apartment building offers a traditional, consolidated layout with multiple units and recent interior updates. The seller reports new flooring in many units, new luxury vinyl flooring in the hallways, and freshly painted hallways and some apartments. The property also features a newer rubber roof, with heating systems that are yearly maintained and inspected. Heat/hot water is included in the rents, while tenants pay their electric and cooking gas. The building is supported by an exterior maintenance person for continued snow and lawn care, and it includes a large back yard and on-street parking. There is separate basement storage that can be used for extra income if desired.
Located in Albany on Hudson Avenue between Lark St. and Washington Park, the property is described as walkable to the Capital Building, Albany Med, and Lark Street entertainment and restaurants.
An active ROP is in place until 4/24/2026. The building may also be sold as part of a package with two other identical buildings (371 and 373 Hudson) for a total of three buildings and 18 units.
Located in Albany on Hudson Avenue between Lark St. and Washington Park, the property is described as walkable to the Capital Building, Albany Med, and Lark Street entertainment and restaurants.
An active ROP is in place until 4/24/2026. The building may also be sold as part of a package with two other identical buildings (371 and 373 Hudson) for a total of three buildings and 18 units.
Key Highlights
- All‑brick apartment building built in 1930
- Newer rubber roof and yearly maintained/inspected heating systems
- Heat/hot water is included in rents; tenants pay electric and cooking gas
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 | $70.6k | $19.80 |
| − Vacancy | −$4.4k | −$1.23 |
| EGI | $66.2k | $18.57 |
| − OpEx | −$29.8k | −$8.36 |
| NOI | $36.4k | $10.21 |
3,564 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$520.1K
$455.1K – $606.8K
NOI $36,406 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$940.3K
$822.8K – $1.10M
NOI $65,820 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,369
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - All-brick apartment building with newer rubber roof, updated flooring and painted hallways, plus heat/hot water included in rents.
Where is this apartment building located?
The property is located at 369 Hudson Avenue Albany, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: All‑brick apartment building built in 1930; Newer rubber roof and yearly maintained/inspected heating systems; Heat/hot water is included in rents; tenants pay electric and cooking gas
