Fully Occupied Four-Unit
55 Ten Broeck Street Albany, NY 12210
For Sale
$599,000
Built in 1860, this separately metered four-unit rowhouse offers a 2BD/2BA and 2BD/1BA mix.
Property Size2,544 SF
Price / SF$235.46
Days on Market8
Property Features for 55 Ten Broeck Street
General Information
- Standard status
- Active
- Size
- 2,544 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1860
Listing Agency:
Empire Real Estate Firm LLC
Listed By:
Sage Baltrusaitis
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 16
Changed: Jul 21
Last Checked: Jul 23 at 8:33AM
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 Empire Real Estate Firm LLC
Investment Insights
Based on property information with market context.
Built in 1860, this 2½-story painted brick rowhouse is configured as a fully occupied four-unit multifamily property. The unit mix includes two above-grade 2BD/2BA apartments and two 2BD/1BA garden-level units. Units are separately metered, with tenants paying their own utilities. The property’s current gross income is $62,370 per year, and all four units have been turned over within the past five years.
Situated on a quiet residential block in the Ten Broeck Triangle area, the property is described as steps from downtown, the Capitol, and Albany Med.
With the reported flood risk designation of Zone X and taxes paid current, this four-unit residence presents a straightforward income-producing configuration with a split between above-grade and garden-level homes.
Situated on a quiet residential block in the Ten Broeck Triangle area, the property is described as steps from downtown, the Capitol, and Albany Med.
With the reported flood risk designation of Zone X and taxes paid current, this four-unit residence presents a straightforward income-producing configuration with a split between above-grade and garden-level homes.
Key Highlights
- Built in 1860, 4‑unit multifamily rowhouse in Ten Broeck Triangle, steps from downtown, the Capitol, and Albany Med
- Unit mix: two above‑grade 2BD/2BA units plus two 2BD/1BA garden‑level units
- Fully occupied; all four units reportedly turned over within the past five years
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 | $44.3k | $17.40 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $41.4k | $16.27 |
| − OpEx | −$12.4k | −$4.88 |
| NOI | $29.0k | $11.39 |
2,544 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.9K
$362.2K – $482.9K
NOI $28,972 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$371.2K
$324.8K – $433.1K
NOI $25,987 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$671.2K
$587.3K – $783.1K
NOI $46,983 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Built in 1860, this separately metered four-unit rowhouse offers a 2BD/2BA and 2BD/1BA mix.
Where is this quadplex located?
The property is located at 55 Ten Broeck Street Albany, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Built in 1860, 4‑unit multifamily rowhouse in Ten Broeck Triangle, steps from downtown, the Capitol, and Albany Med; Unit mix: two above‑grade 2BD/2BA units plus two 2BD/1BA garden‑level units; Fully occupied; all four units reportedly turned over within the past five years
