25 White St Cohoes, NY 12047-3220
- Investment properties
- 5,404 SF
- 0.07 lot acres
Current Use by Public Records
- Soul In A Bowl llc / Restaurant
Property Details for 25 White St
- Year built
- 1963
- Lot size
- 0.07 lot acres
- Property size
- 5,404 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 010300 10.59-3-53
- APU
- 103001059353
Description
This exceptional mixed-use property at 25 White Street in Cohoes, NY, presents a compelling investment opportunity. The three-unit building, totaling 5,404 square feet, sits on a 0.07-acre lot and boasts a strong 7.00% cap rate at the asking price of $399,000. Built in 1962, the three-story structure features a ground floor restaurant/caterer and a long-term residential tenant on the second floor. The third floor recently underwent a complete renovation, including a new bathroom, appliances, carpeting, fresh paint, and is currently occupied. A new high-efficiency furnace was installed in 2021. The property also includes a charming outdoor courtyard accessible to restaurant patrons. All tenants are current on rent, providing a stable income stream. Recent improvements to the sidewalks further enhance the property's curb appeal. The property's strong tenant occupancy, recent renovations, and desirable location make it an ideal investment for those seeking a solid return. Showings are best scheduled for 10 AM daily, with a day's notice preferred to accommodate tenants. The property's APN is 01030010.59-3-53.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $274,000
- AI Estimate
- $231,000
Market price range: $219k - $581kMarket price range: $181k - $487k
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Location Insight
- Map
- Local Demand
- City
- Cohoes
- County
- Albany
- State
- New York
- Longitude
- -73.7015
- Latitude
- 42.7728
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA