Brick Duplex with Separate
For Sale
$260,000
625 Clinton Avenue, Albany, NY 12206
Two-family property with leased floors, individual utility services, and updated on-demand heating and hot water systems.
Property Size2,310 SF
Price / SF$112.55
Days on Market9
Property Features for 625 Clinton Avenue
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1920
Buildings
1
Construction
brick
Listing Agency:
Jandali Realty
Listed By:
Kareem Jandali · License #10371200250
(518) 271-1100
Source:
Signatureonerealtygroup
Added: Sep 6
Changed: Sep 13
Last Checked: Sep 14 at 7:13AM
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 Jandali Realty
Investment Insights
Based on property information with market context.
Located at 625 Clinton Avenue in Albany, this 1920-built brick duplex contains two residential floors within a 2,310-square-foot property. Both floors are currently rented, providing an existing two-family configuration for an owner or investor. Separate utilities serve the units, while two new on-demand systems provide heating and hot water.
The property also includes a backyard suitable for outdoor use. Its combination of brick construction, leased floor layouts, independently metered utilities, and recently installed mechanical systems creates a straightforward residential income property profile.
The property also includes a backyard suitable for outdoor use. Its combination of brick construction, leased floor layouts, independently metered utilities, and recently installed mechanical systems creates a straightforward residential income property profile.
Key Highlights
- 2,310‑square‑foot brick duplex built in 1920
- Both floors currently rented
- Separate utilities for the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,596
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,920
$471.9K
Cap Rate 7%
$337,086
$337.1K
Cap Rate 9%
$262,178
$262.2K
Market Conditions
NOI Build-Up for 2,310 SF
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.
Gross rent
$45.7K $19.80/SF
− Vacancy
−$2.8K −$1.23/SF
EGI
$42.9K $18.57/SF
− OpEx
−$19.3K −$8.36/SF
NOI
$23.6K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,920
Cap Rate 7%
$337,086
Cap Rate 9%
$262,178
Alternative Uses
Best Use
Multifamily LT 5
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,596 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$609.4K
$533.3K – $711.0K
NOI $42,661 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with leased floors, individual utility services, and updated on-demand heating and hot water systems.
Where is this duplex located?
The property is located at 625 Clinton Avenue Albany, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,310‑square‑foot brick duplex built in 1920; Both floors currently rented; Separate utilities for the units
