Two-Unit Duplex with Attached
5 Berncliff Avenue, Albany, NY 12208
For Sale
$429,000
Two separate two-bedroom residences include distinct living and dining areas, with a basement laundry room serving the first-floor unit.
Property Size2,543 SF
Price / SF$168.70
Days on Market20
Property Features for 5 Berncliff Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Howard Hanna Capital Inc
Listed By:
Vonna DuMicich
(518) 210-6033
Source:
Capmarkrealty
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 10 at 5:11AM
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 Howard Hanna Capital Inc
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Investment Insights
Based on property information with market context.
This 1940-built duplex contains 2,543 square feet across two residences. The first-floor unit has a living room with a fireplace, a formal dining room, and two bedrooms; its primary bedroom connects to a walk-in closet and a three-season room. A full basement includes laundry space. The second unit features an open living and dining area, two bedrooms, and an additional room off the primary bedroom. An attached garage, ample parking, and a large backyard are also part of the property.
The property is on Berncliff Avenue in Albany, near New Scotland Avenue. Shopping, hospitals, and highways are nearby.
The property is on Berncliff Avenue in Albany, near New Scotland Avenue. Shopping, hospitals, and highways are nearby.
Key Highlights
- Two residences, each with two bedrooms
- 2,543 square feet; built in 1940
- First‑floor unit includes a fireplace, walk‑in closet, and three‑season room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,960
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,200
$579.2K
Cap Rate 7%
$413,714
$413.7K
Cap Rate 9%
$321,778
$321.8K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$44.2K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$41.4K $16.27/SF
− OpEx
−$12.4K −$4.88/SF
NOI
$29.0K $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%
$579,200
Cap Rate 7%
$413,714
Cap Rate 9%
$321,778
Alternative Uses
Best Use
Multifamily LT 5
$413.7K
$362.0K – $482.7K
NOI $28,960 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$371.1K
$324.7K – $432.9K
NOI $25,976 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$670.9K
$587.1K – $782.7K
NOI $46,964 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
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Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Albany, NY
Properties on Market for Duplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom residences include distinct living and dining areas, with a basement laundry room serving the first-floor unit.
Where is this duplex located?
The property is located at 5 Berncliff Avenue Albany, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms; 2,543 square feet; built in 1940; First‑floor unit includes a fireplace, walk‑in closet, and three‑season room
