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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    159 Brg Ave Cohoes, NY 12047-3717

    • Bars
    • 6,357 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2025
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6135454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tugboat Tavern / Restaurant / Bar

    Property Details for 159 Brg Ave

    Year built
    1963
    Lot size
    0.11 lot acres
    Property size
    6,357 SF
    Zone code
    03 - MULTI-FAMILY
    Property type
    Bars
    Property subtype
    Pubs
    APN
    010300 10.76-4-15
    APU
    103001076415

    Description

    This exceptional commercial property, situated at 159 Bridge Avenue in the vibrant city of Cohoes, New York, presents a compelling investment opportunity. Encompassing a generous 0.11-acre lot, this property offers significant potential for a variety of commercial ventures. The building itself is ready for immediate occupancy or redevelopment, allowing for customization to suit specific business needs. Its strategic location in Cohoes provides excellent visibility and accessibility, ensuring high traffic flow and convenient access for customers and employees. The asking price of $735,000 reflects the property's prime location and development potential. This is an ideal opportunity for entrepreneurs and investors seeking a foothold in a thriving New York market. The property's size and location make it suitable for a range of businesses, from retail establishments to offices or light industrial uses. Further investigation into zoning regulations and permitted uses is encouraged to fully explore the possibilities. Don't miss this chance to acquire a valuable commercial asset in a dynamic and growing community. Serious inquiries are welcome. The property is offered as-is. Detailed information regarding the building's square footage and internal layout is available upon request. Act quickly to secure this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $276,000
      Market price range: $276k - $705k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cohoes
    County
    Albany
    State
    New York
    Longitude
    -73.6937
    Latitude
    42.768
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $15,600
    $95,300
    $110,900
    -
    $39,000
    $238,250
    $277,250

    Comparable in this City

    • Value Estimation
      $215,000
      2,362 SF

      16 Division St

      BAR, TAVERN • 2,362 SF
      16 Division St, Cohoes, NY 12047-1902
      View Details
    • Value Estimation by Request
      3,059 SF

      201 Columbia St

      BAR, TAVERN • 3,059 SF
      201 Columbia St, Cohoes, NY 12047-2308
      View Details
    • Value Estimation
      $225,000
      9,407 SF

      25 Newcomb St

      NIGHTCLUB (COCKTAIL LOUNGE) • 9,407 SF
      25 Newcomb St, Cohoes, NY 12047
      View Details
    • Value Estimation
      $240,000
      1,691 SF

      155 Ontario St

      RESTAURANT • 1,691 SF
      155 Ontario St, Cohoes, NY 12047-3212
      View Details
    • Value Estimation
      $185,000
      2,342 SF

      60 Saratoga St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,342 SF
      60 Saratoga St, Cohoes, NY 12047-3111
      View Details
    • Value Estimation
      $220,000
      1,920 SF

      92 Saratoga St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,920 SF
      92 Saratoga St, Cohoes, NY 12047-3117
      View Details

    Similar Nearby for Sale

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      Turn-Key Restaurant Opportunity in Cohoes

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      Mixed-Use Property with Laundromat

      Updated laundromat with apartments in Cohoes, NY.
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      Downtown Cohoes Redevelopment Opportunity

      7,040 SF building in downtown Cohoes for sale.
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    • $350,000
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      Commercial Land in Downtown Cohoes

      1.04 acre commercial land for sale in downtown Cohoes.
      178 Ontario St, Cohoes, NY 12047
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    Similar Nearby for Lease

    • $1,800 /Mo
      3,536 SF

      Cohoes Commercial Space For Rent

      Commercial space available on highly traveled Columbia Street in Cohoes.
      148 Columbia St, Cohoes, NY 12047
      View Details
    • $1.00 SF/Yr
      4,000 SF

      Retail Space with Drive-Thru

      New construction retail space with drive-thru in highly populated area.
      70 Delaware Ave, Cohoes, NY 12047
      View Details
    • $995 /Mo

      Corner Commercial Space For Rent

      First-floor corner commercial space suitable for a tea or coffee shop.
      12 White St, Cohoes, NY 12047
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    • $1,100 /Mo
      9,472 SF

      Mixed-Use Building with Retail Spaces

      Mixed-use building with retail and office space for lease.
      143-149 Remsen St, Cohoes, NY 12047
      View Details
    • Contact for pricing
      30,000 SF

      Cohoes Retail Space - Route 9R

      Prime 30,000 SF Retail Space, Albany County
      637 Columbia St Ext, Cohoes, NY 12047
      View Details
    • $1,200 /Mo
      2,944 SF

      Cohoes Office and Retail Space

      Office and retail spaces available for lease in Cohoes.
      184 Remsen St, Cohoes, NY 12047
      View Details
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    Cohoes, NY 12047-3717
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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