Multifamily Property with Separate
For Sale
$199,999
9 Oak Street, Cohoes, NY 12047
Multifamily property built in 1920 with separate utilities for each unit.
Property Size1,426 SF
Price / SF$140.25
Days on Market140
Property Features for 9 Oak Street
General Information
Standard status
Active
Size
1,426 SF
Property subtype
Multi-family
Building Details
Year Built
1920
Listing Agency:
M J J Realty
Listed By:
Shawn D Clark Sr
(518) 253-8878
Source:
Signatureonerealtygroup
Added: May 24
Changed: Oct 10
Last Checked: Oct 10 at 1:24AM
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 M J J Realty
Investment Insights
Based on property information with market context.
This multifamily property built in 1920 offers separate utilities, supporting independent service for the units. The property is being sold as-is, and investors should plan for condition review accordingly.
The address is 9 Oak Street, Cohoes, NY 12047. The listing is structured for investors looking to start or add to a portfolio, with separate utilities called out as a practical operational consideration.
With a property size of 1,426, this is a compact multifamily asset suited for buyers who want a straightforward build period and utility setup to factor into their underwriting.
The address is 9 Oak Street, Cohoes, NY 12047. The listing is structured for investors looking to start or add to a portfolio, with separate utilities called out as a practical operational consideration.
With a property size of 1,426, this is a compact multifamily asset suited for buyers who want a straightforward build period and utility setup to factor into their underwriting.
Key Highlights
- Built in 1920
- Separate utilities
- Property size 1,426
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,232
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,640
$304.6K
Cap Rate 7%
$217,600
$217.6K
Cap Rate 9%
$169,244
$169.2K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$29.1K $20.40/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$27.7K $19.42/SF
− OpEx
−$12.5K −$8.74/SF
NOI
$15.2K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,640
Cap Rate 7%
$217,600
Cap Rate 9%
$169,244
Alternative Uses
Best Use
Apartment 5plus
$217.6K
$190.4K – $253.9K
NOI $15,232 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.0K
$389.4K – $519.1K
NOI $31,148 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property built in 1920 with separate utilities for each unit.
Where is this multifamily property located?
The property is located at 9 Oak Street Cohoes, NY.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Built in 1920; Separate utilities; Property size 1,426
