54 Delaware Street, Albany, NY 12202
- Added:
- Jun 5, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 11 at 12:06 pm
Property Features for 54 Delaware Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 010100 76.64-1-20
- Size
- 1,080 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2121
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1910
- Year renovated
- 1910
- Number of units
- 2
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Mark Dardanelli (518) 577-9575
Listing office Miranda Real Estate Group Inc 1482 Rt 9, Clifton Park, NY (518) 348-2060
Listing date Jun 5, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑unit property: first‑floor unit is currently vacant and was previously rented for $1,200/month
- Second‑floor unit is tenant‑occupied on a month‑to‑month lease, currently renting for $900/month
- Sold as‑is; ROPs are current
- Brick construction with natural gas heating
- Carpet, laminate, and vinyl flooring; rubber roof
- Basement available; garage parking
Overview
The building is located at 54 Delaware Street in Albany, NY 12202. The site sits on approximately 0.05 acres, with a total building size of about 1,080 square feet.
For investors or owner-occupants looking for a small multifamily asset, the existing unit configuration can support immediate occupancy planning, with one unit ready for a new lease and the other continuing as month-to-month. As the sale is offered as-is, buyers should complete their own due diligence on condition and verify all operating details before closing.
Local 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 | $18.8k | $17.40 |
| − Vacancy | −$1.2k | −$1.13 |
| EGI | $17.6k | $16.27 |
| − OpEx | −$5.3k | −$4.88 |
| NOI | $12.3k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.761709
- Latitude
- 42.641099
