Three-Unit Residential Property on
5-6 Haluska Lane, East Berne, NY 12059
For Sale
$550,000
MultiFamily, East Berne, NY
Property Size1,754 SF
Lot Size12.12 Acres
Price / SF$313.57
Days on Market18
Property Features for 5-6 Haluska Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Fireplace
Basement
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
pond
wrap-around deck
porch
fireplace
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Romeo Team Realty
(518) 978-0916
Listed By:
Michelle Panza · License NY #10401248565
(518) 269-8680
Added: Oct 28
Changed: Oct 30
Last Checked: Nov 14 at 4:06AM
MLS# 202629167
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set across 12.12 wooded acres, this residential income property includes a main home and a separate building with two one-bedroom, one-bath units. The main residence has four bedrooms, three bathrooms, an unfinished basement, an attached garage, and a fireplace. Updated appliances and newer flooring are among its interior features; a deck and porch extend the living space outdoors. The home was built in 1962, and the property uses well water and a septic system.
A pond and a direct boundary with landlocked New York State forest land define the surrounding setting. Parking accommodates 10 or more vehicles, with additional room for recreational equipment. Thacher State Park and Warner Lake are also identified as nearby destinations, and the Capital District is described as an easy commute.
A pond and a direct boundary with landlocked New York State forest land define the surrounding setting. Parking accommodates 10 or more vehicles, with additional room for recreational equipment. Thacher State Park and Warner Lake are also identified as nearby destinations, and the Capital District is described as an easy commute.
Key Highlights
- 12.12 wooded acres with a pond
- Three living units across two buildings
- Main residence has 4 bedrooms, 3 bathrooms, an unfinished basement, and an attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,735
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,700
$374.7K
Cap Rate 7%
$267,643
$267.6K
Cap Rate 9%
$208,167
$208.2K
Market Conditions
NOI Build-Up for 1,754 SF
Gross rent
$35.8K $20.40/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$34.1K $19.42/SF
− OpEx
−$15.3K −$8.74/SF
NOI
$18.7K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,700
Cap Rate 7%
$267,643
Cap Rate 9%
$208,167
Alternative Uses
Best Use
Apartment 5plus
$267.6K
$234.2K – $312.3K
NOI $18,735 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.3K
$478.9K – $638.6K
NOI $38,313 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 12059, NY
1,482
Population
1,020
Households
1.5
Avg Household Size
49
Median Age
29%
College-Educated
98%
High-School Grad
22.8 sq mi
ZIP Area
65
Density / Sq Mi
$100,938
Median Household Income
$57,693
Median Earnings
$1,094
Median Rent
$306,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Albany County, NY
Properties on Market for Residential income properties in Albany County
Frequently Asked Questions
What type of property is this?
Residential income property - A detached building contains two one-bedroom apartments, each with separate utilities.
Where is this residential income property located?
The property is located at 5-6 Haluska Lane East Berne, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 12.12 wooded acres with a pond; Three living units across two buildings; Main residence has 4 bedrooms, 3 bathrooms, an unfinished basement, and an attached garage
