3-Unit Updated
For Sale
$225,000
72 Bassett Street, Albany, NY 12202
Two upper-floor apartments are vacant, while the basement unit is occupied by a tenant.
Property Size1,368 SF
Price / SF$164.47
Days on Market67
Property Features for 72 Bassett Street
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,336
Building Details
Building Size
1,368 SF
Year Built
1890
Listing Agency:
CapMark Realty LLC
(877) 638-5457
Listed By:
Alexandria Sifontes · License #10401330797
(518) 470-8474
Source:
Crystinandcorealty
Added: Aug 25
Changed: Oct 29
Last Checked: Oct 29 at 9:09PM
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 CapMark Realty LLC
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Investment Insights
Based on property information with market context.
This 1,368-square-foot triplex, built in 1890, contains three apartments across the first, second, and basement levels. The two upper-floor units are vacant, and the basement apartment has a tenant. Updates have been made throughout the property.
The property is on Bassett Street in Albany, minutes from Downtown Albany, Empire State Plaza, and the Albany Waterfront. Shops, restaurants, parks, public transit, and government offices are within walking distance, with major highway access nearby.
The property is on Bassett Street in Albany, minutes from Downtown Albany, Empire State Plaza, and the Albany Waterfront. Shops, restaurants, parks, public transit, and government offices are within walking distance, with major highway access nearby.
Key Highlights
- Three apartments in a 1,368‑square‑foot building
- Vacant first- and second‑floor units
- Tenant‑occupied basement apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,579
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,580
$311.6K
Cap Rate 7%
$222,557
$222.6K
Cap Rate 9%
$173,100
$173.1K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$23.8K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$22.3K $16.27/SF
− OpEx
−$6.7K −$4.88/SF
NOI
$15.6K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,580
Cap Rate 7%
$222,557
Cap Rate 9%
$173,100
Alternative Uses
Best Use
Multifamily LT 5
$222.6K
$194.7K – $259.7K
NOI $15,579 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$199.6K
$174.7K – $232.9K
NOI $13,974 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$360.9K
$315.8K – $421.1K
NOI $25,264 @ 7.0% cap · market cap 11.23%
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
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two upper-floor apartments are vacant, while the basement unit is occupied by a tenant.
Where is this triplex located?
The property is located at 72 Bassett Street Albany, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three apartments in a 1,368‑square‑foot building; Vacant first- and second‑floor units; Tenant‑occupied basement apartment
