538 New Scotland Avenue, Albany, NY 12208
MULTI_FAMILY - Ranch - Albany, NY
- Added:
- May 28, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 11 at 6:06 am
Property Features for 538 New Scotland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Mixed
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
- Parking
- 3
- Basement
- Full
- Standard status
- Active
- APN
- 75.25-1-17
- Size
- 1,720 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Number of units
- 2
- Building materials
- Aluminum Siding
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Steve Duggan License #40DU1087381 (518) 210-3290
Listing office RE/MAX Capital 12 Wade Rd, Latham, NY (518) 724-6800
Listing date May 28, 2026
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.
HighLights
- Ranch‑style building built in 1948 with aluminum siding and an asphalt roof
- Mixed‑use setup: offices on the left and a 2‑bedroom/1‑bath apartment on the right
- Full basement with separate utilities
- Central air plus forced‑air natural gas heating
- Public water and public sewer
- Rooms include 5 bedrooms and 3 bathrooms
Overview
Local Financial Insights For Office B
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 | $38.2k | $22.20 |
| − Vacancy | −$6.8k | −$3.95 |
| EGI | $31.4k | $18.25 |
| − OpEx | −$7.8k | −$4.56 |
| NOI | $23.5k | $13.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.79941
- Latitude
- 42.655243
