6-Unit Apartment Building with
95 N Manning Boulevard, Albany, NY 12206
For Sale
$600,000
The offering pairs six apartments with rental garages, storage sheds, parking, and an approved buildable parcel.
Property Size3,456 SF
Price / SF$173.61
Days on Market16
Property Features for 95 N Manning Boulevard
General Information
Standard status
Size
Property subtype
Financials
Gross Income
Gross Rent Multiplier
Additional Details
Multifamily Units
Tenant in Place
Amenities
coin-operated laundry
Building Details
Year Built
Construction
Listing Agency:
Miuccio Real Estate Group
Listed By:
Nicholas W Miuccio · License NY #10491207444
(518) 330-2814
Source:
Signatureonerealtygroup
Added: Oct 30
Changed: Nov 12
Last Checked: Nov 12 at 7:59AM
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 Miuccio Real Estate Group
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Investment Insights
Based on property information with market context.
The 1964 brick apartment property contains six residential units across 3,456 square feet, along with four rental garages and two storage sheds. The apartments include basement units, with no reported history of water intrusion there. Tenants pay their own electric, and the building has coin-operated laundry. The reported gross rent multiplier is 6.33, with a 0% vacancy rate over the past decade plus and average tenancy of 16 years.
The sale also includes the adjoining parcel at 91 N Manning Boulevard, described as approved and buildable. It adds four rental garages, one storage shed, and parking. Across both parcels, the property has eight rental garages and three storage sheds.
The sale also includes the adjoining parcel at 91 N Manning Boulevard, described as approved and buildable. It adds four rental garages, one storage shed, and parking. Across both parcels, the property has eight rental garages and three storage sheds.
Key Highlights
- Six apartments in a 3,456‑square‑foot brick building constructed in 1964
- Adjoining approved buildable parcel at 91 N Manning Boulevard included
- Eight rental garages, three storage sheds, and additional parking across the offering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,302
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,040
$706.0K
Cap Rate 7%
$504,314
$504.3K
Cap Rate 9%
$392,244
$392.2K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$68.4K $19.80/SF
− Vacancy
−$4.2K −$1.23/SF
EGI
$64.2K $18.57/SF
− OpEx
−$28.9K −$8.36/SF
NOI
$35.3K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,040
Cap Rate 7%
$504,314
Cap Rate 9%
$392,244
Alternative Uses
Best Use
Apartment 5plus
$504.3K
$441.3K – $588.4K
NOI $35,302 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$911.8K
$797.8K – $1.06M
NOI $63,825 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
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Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Albany, NY
Properties on Market for Apartment buildings in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The offering pairs six apartments with rental garages, storage sheds, parking, and an approved buildable parcel.
Where is this apartment building located?
The property is located at 95 N Manning Boulevard Albany, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Six apartments in a 3,456‑square‑foot brick building constructed in 1964; Adjoining approved buildable parcel at 91 N Manning Boulevard included; Eight rental garages, three storage sheds, and additional parking across the offering
