Historic 4-Unit
For Sale
$589,000
79 Ten Broeck Street, Albany, NY 12210
Rehabilitated brick property with original wood floors and a building-wide sprinkler system.
Property Size3,744 SF
Price / SF$157.32
Days on Market198
Property Features for 79 Ten Broeck Street
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Sprinkler System
Yes
Multifamily Units
4
Building Details
Year Built
1872
Year Renovated
2019
Buildings
1
Construction
brick brownstone
Listing Agency:
Weichert Realtors Reliable Properties
Listed By:
Craig Cioffi · License #10401345174
(518) 396-8386
Source:
Signatureonerealtygroup
Added: Apr 1
Changed: Oct 15
Last Checked: Oct 14 at 11:29PM
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 Weichert Realtors Reliable Properties
Investment Insights
Based on property information with market context.
Located at 79 Ten Broeck Street, this 3,744-square-foot brick brownstone contains four residential units and dates to 1872. The property combines preserved architectural elements with substantial modernization, including refinished wide-plank wood flooring, exposed brick, high ceilings, forced-air heating, and a complete fire sprinkler system. A laundry room and deck are also included.
The building occupies the historic Ten Broeck Triangle area of Albany, with Downtown Albany and the Palace Theatre nearby. The Capitol, SUNY Albany, and major hospital hubs are identified as accessible commute destinations. The property is fully leased, and the current rents are described as below market. It received the 2019 Historic Albany Foundation Preservation Initiative Award following its rehabilitation.
The building occupies the historic Ten Broeck Triangle area of Albany, with Downtown Albany and the Palace Theatre nearby. The Capitol, SUNY Albany, and major hospital hubs are identified as accessible commute destinations. The property is fully leased, and the current rents are described as below market. It received the 2019 Historic Albany Foundation Preservation Initiative Award following its rehabilitation.
Key Highlights
- Four‑unit brick brownstone at 79 Ten Broeck Street
- 3,744 SF building constructed in 1872
- Complete fire sprinkler system and fire alarm
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,638
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,760
$852.8K
Cap Rate 7%
$609,114
$609.1K
Cap Rate 9%
$473,756
$473.8K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$65.1K $17.40/SF
− Vacancy
−$4.2K −$1.13/SF
EGI
$60.9K $16.27/SF
− OpEx
−$18.3K −$4.88/SF
NOI
$42.6K $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%
$852,760
Cap Rate 7%
$609,114
Cap Rate 9%
$473,756
Alternative Uses
Best Use
Multifamily LT 5
$609.1K
$533.0K – $710.6K
NOI $42,638 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$546.3K
$478.1K – $637.4K
NOI $38,244 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$987.8K
$864.3K – $1.15M
NOI $69,144 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Rehabilitated brick property with original wood floors and a building-wide sprinkler system.
Where is this quadplex located?
The property is located at 79 Ten Broeck Street Albany, NY.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Four‑unit brick brownstone at 79 Ten Broeck Street; 3,744 SF building constructed in 1872; Complete fire sprinkler system and fire alarm
