Mixed-Use Building with
65 Watervliet Ave, Albany, NY 12206
For Sale
$1,250,000
Three-story property combines nine apartments with two street-facing commercial spaces.
Property Size8,424 SF
Price / SF$148.39
Days on Market49
Property Features for 65 Watervliet Ave
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Gross Income
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Sep 28
Changed: Nov 14
Last Checked: Nov 14 at 5:06AM
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 Venture Fox Realty Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,424-square-foot mixed-use building dates to 1930 and contains nine apartments alongside two storefronts at street level. The residential mix includes four studios, one one-bedroom, three two-bedroom, and one three-bedroom unit. The commercial spaces measure 1,500 square feet and 1,000 square feet, with large glass windows and direct access from the street. Select apartments have received updates to windows, flooring, and appliances.
The property occupies the corner of Watervliet Ave, Livingston Ave, and 3rd St, just off the Everett Rd exit of I-90. Honest Weight Food Co-op is across the street, and the CDTA Training and Call Center is one block away.
The property occupies the corner of Watervliet Ave, Livingston Ave, and 3rd St, just off the Everett Rd exit of I-90. Honest Weight Food Co-op is across the street, and the CDTA Training and Call Center is one block away.
Key Highlights
- Nine apartments: four studios, one 1BR, three 2BR, and one 3BR
- Two street‑level storefronts measuring 1,500 SF and 1,000 SF
- Storefronts feature large glass windows and direct street access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,783
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,035,660
$2.0M
Cap Rate 7%
$1,454,043
$1.5M
Cap Rate 9%
$1,130,922
$1.1M
Market Conditions
NOI Build-Up for 8,424 SF
Gross rent
$156.7K $18.60/SF
− Vacancy
−$11.3K −$1.34/SF
EGI
$145.4K $17.26/SF
− OpEx
−$43.6K −$5.18/SF
NOI
$101.8K $12.08/SF
Area
Albany, NY
Vacancy
7.20%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,035,660
Cap Rate 7%
$1,454,043
Cap Rate 9%
$1,130,922
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.70M
NOI $101,783 @ 7.0% cap · market cap 8.14%
Second Best
Mixed Use
$1.42M
$1.24M – $1.65M
NOI $99,287 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,574 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
9
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,147
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
$162,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Albany, NY
Properties on Market for Mixed-use properties in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story property combines nine apartments with two street-facing commercial spaces.
Where is this mixed-use property located?
The property is located at 65 Watervliet Ave Albany, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Nine apartments: four studios, one 1BR, three 2BR, and one 3BR; Two street‑level storefronts measuring 1,500 SF and 1,000 SF; Storefronts feature large glass windows and direct street access
