72 Bassett Street Albany, NY 12202
MULTI_FAMILY - Albany, NY
- Added:
- Jun 17, 2026
- Days on Market:
- 27
- Last Refresh:
- Jul 13 at 7:06 pm
Property Features for 72 Bassett Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2
- Parking features
- Off Street
- Basement
- Finished, Full, Apartment
- Standard status
- Active
- APN
- 010100 76.65-4-58
- Size
- 1,368 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2337
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Alexandria Sifontes License #10401330797 (518) 470-8474
Listing office CapMark Realty LLC 402 Broadway, New City, NY (518) 877-6385
Listing date Jun 17, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 72 Bassett Street in Albany’s South End, the property is described as being minutes from Downtown Albany, Empire State Plaza, and the Albany Waterfront, with access to major highway routes. The surrounding area is characterized in the remarks as an actively developing corridor with new construction and infrastructure improvements, along with nearby retail, dining, parks, public transit, and government offices.
For investors, the combination of two vacant units and one tenant-occupied unit can simplify near-term leasing strategy and occupancy planning. For owner-occupants, the vacant upper units offer the ability to occupy while renting the remaining unit. With updates completed throughout the building, this property may fit buyers seeking a three-unit residential income asset in the Albany South End.
Key Highlights
- Three‑unit brick investment property with public water and public sewer.
- Unit mix: 1st and 2nd floor units are vacant, while the basement unit is tenant‑occupied.
- Recent updates throughout all three floors.
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 | $23.8k | $17.40 |
| − Vacancy | −$1.5k | −$1.13 |
| EGI | $22.3k | $16.27 |
| − OpEx | −$6.7k | −$4.88 |
| NOI | $15.6k | $11.39 |
