70 N Lake Avenue, Albany, NY 12206
Upgraded two-family duplex with modern finishes and the flexibility to operate as residential or commercial space.
- Added:
- Jun 12, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 27 at 3:19 am
Property Features for 70 N Lake Avenue
General Information
- Standard status
- Active
- Size
- 1,610 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing office Jannah Realty LLC
Listing date Jun 12, 2026
Source Signatureonerealtygroup
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 Jannah Realty LLC
HighLights
- Fully upgraded 2‑family duplex (can be used for commercial) in excellent condition
- Built in 1900 with a first‑floor 2 bed / 1 bath unit
- Second‑floor unit features 2 bed / 2 bath layout
- New roof and new furnace
- Updates include new kitchens, new bathrooms, and new appliances
- Estimated rental income of $3,200 per month
Overview
The property is located at 70 N Lake Avenue in Albany, NY. An open house is scheduled for 6/21 Sunday from 11:00 a.m. to 1:00 p.m.
The building is well suited for buyers seeking a move-in-ready income property with distinct unit layouts. The public remarks also note it can be used for commercial, which may appeal to owner-operators or investors looking for flexible use options alongside the existing residential configurations. Estimated rental income is referenced in the remarks as $3,200 per month.
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 | $28.0k | $17.40 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $26.2k | $16.27 |
| − OpEx | −$7.9k | −$4.88 |
| NOI | $18.3k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7720064
- Latitude
- 42.6629366
