Brownstone with Garden
For Sale
$370,000
44 Clinton Avenue, Albany, NY 12210
Albany brownstone with owner unit plus garden/basement apartment, offering multiple floors and separate living areas.
Property Size2,834 SF
Price / SF$130.56
Days on Market226
Property Features for 44 Clinton Avenue
General Information
Standard status
Active
Size
2,834 SF
Property subtype
Multi Family / Duplex
Building Details
Year Built
1881
Listing Agency:
Berkshire Hathaway HomeServices Blake, REALTORS
(518) 496-6162
Listed By:
Edwin R Hersh · License #30HE0941344
(518) 496-6162
Source:
Compass
Added: Dec 17, 2025
Changed: Jul 22
Last Checked: Jul 30 at 11:41AM
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 HomeServices Blake, REALTORS
Investment Insights
Based on property information with market context.
This classic Albany brownstone includes an owner’s unit occupying the top three floors and a separate garden/basement apartment. The owners unit features hardwood flooring on the first and second levels, with multiple finished rooms including a sitting room, foyer, living room, and a bedroom level with a kitchen and dining area. It also includes a full tile bath with a walk-in shower, a laundry closet with a stackable washer and dryer, and a third-floor layout with two bedrooms, a full bath with a clawfoot tub, and laminate flooring. Numerous fireplaces are present and have not been used in many years, which the seller considers decorative. The garden apartment includes a living room, a kitchen area, one bedroom, and a full tile bath.
The property is described as being located close to the Palace Theater and the downtown Albany entertainment district, with easy access to shopping, dining, entertainment venues, Government Offices, and major highways.
As currently marketed, the owners unit has been used successfully as an Airbnb with five-star review history.
The property is described as being located close to the Palace Theater and the downtown Albany entertainment district, with easy access to shopping, dining, entertainment venues, Government Offices, and major highways.
As currently marketed, the owners unit has been used successfully as an Airbnb with five-star review history.
Key Highlights
- Classic Albany brick brownstone built in 1881 with a garden/basement apartment plus an owner unit
- Owners unit spans the top three floors with hardwood flooring and multiple living spaces
- Second floor includes a 1‑bedroom layout with kitchen/dining area, full tile bath with walk‑in shower, and laundry closet with stackable washer/dryer
Financial Insights For Multifamily LT 5
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 | $49.3k | $17.40 |
| − Vacancy | −$3.2k | −$1.13 |
| EGI | $46.1k | $16.27 |
| − OpEx | −$13.8k | −$4.88 |
| NOI | $32.3k | $11.39 |
2,834 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.1K
$403.4K – $537.9K
NOI $32,274 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,860
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
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Frequently Asked Questions
What type of property is this?
Duplex - Albany brownstone with owner unit plus garden/basement apartment, offering multiple floors and separate living areas.
Where is this duplex located?
The property is located at 44 Clinton Avenue Albany, NY.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Classic Albany brick brownstone built in 1881 with a garden/basement apartment plus an owner unit; Owners unit spans the top three floors with hardwood flooring and multiple living spaces; Second floor includes a 1‑bedroom layout with kitchen/dining area, full tile bath with walk‑in shower, and laundry closet with stackable washer/dryer
