Updated
5 Short Street, Cohoes, NY 12047
For Sale
$349,000
One residence is vacant, while the second has an existing tenant.
Property Size2,116 SF
Price / SF$164.93
Days on Market37
Property Features for 5 Short Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Real Broker NY LLC
Listed By:
Saad Tai · License #10401373295
(518) 348-9535
Source:
Signatureonerealtygroup
Added: Oct 1
Changed: Nov 6
Last Checked: Nov 6 at 10:41AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This 2,116-square-foot duplex contains six bedrooms and two full bathrooms across two units. Both residences have been updated, and the property is being sold as is. The first unit is vacant; the second is tenant-occupied at $1,700 per month.
Built in 1910, the building also has a basement with recent waterproofing work and a sump pump installed in April 2026. Annual property taxes are $3,785.
Built in 1910, the building also has a basement with recent waterproofing work and a sump pump installed in April 2026. Annual property taxes are $3,785.
Key Highlights
- Two‑unit residential property with 2,116 square feet
- Six bedrooms and two full bathrooms
- One unit vacant; the other is rented for $1,700/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,433
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,660
$488.7K
Cap Rate 7%
$349,043
$349.0K
Cap Rate 9%
$271,478
$271.5K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$36.8K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$34.9K $16.50/SF
− OpEx
−$10.5K −$4.95/SF
NOI
$24.4K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,660
Cap Rate 7%
$349,043
Cap Rate 9%
$271,478
Alternative Uses
Best Use
Multifamily LT 5
$349.0K
$305.4K – $407.2K
NOI $24,433 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$322.9K
$282.5K – $376.7K
NOI $22,602 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$660.3K
$577.8K – $770.3K
NOI $46,220 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
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Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Cohoes, NY
Properties on Market for Duplexes in Cohoes
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the second has an existing tenant.
Where is this duplex located?
The property is located at 5 Short Street Cohoes, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit residential property with 2,116 square feet; Six bedrooms and two full bathrooms; One unit vacant; the other is rented for $1,700/month
