65 Congress Street Cohoes, NY 12047
Luxury event and hospitality destination in Cohoes, New York.
Property Features for 65 Congress Street
General Information
- Standard status
- Active
- Size
- 18,389 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1868
Listing office CRYSTAL COLEMAN REALTY LLC (518) 229-4539
Listing date May 21, 2026
Source Corcoran
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 CRYSTAL COLEMAN REALTY LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Fully operational, income‑driven event and hospitality destination.
- Boasting 8,000 sq ft of versatile space including 11 guest rooms, tavern‑style bar, and commercial kitchen.
- Features a historic French Gothic church with 50‑foot ceilings, stained glass, and hand‑carved oak details.
Local Financial Insights For Hotel Hospitality
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 | $331.0k | $18.00 |
| − Vacancy | −$182.1k | −$9.90 |
| EGI | $149.0k | $8.10 |
| − OpEx | −$78.2k | −$4.25 |
| NOI | $70.8k | $3.85 |
