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Property profile & analytics
OFF-MARKET
Investment properties
21 Elk St Albany, NY 12207-1061
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-5650349
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
9,613 SF
Lot
0.11 ac (4,832 SF)
Zoning code
CO
APN
010100 76.25-2-11
UPID
US63-5650349
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Elk Street Group, LLC Law Firm
-
TLM Associates Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tree Realty LLC · 14 yrs held
Tree Realty LLC
since 2011
7 recorded transactions
Zoning & alternative use
CO · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$495,000
Assessed 2023
Previous assessed
$495,000
+0.0% YoY
Assessed land
$56,900
Assessed improvement
$438,100
Land market value
$80,333
Improvement market value
$618,523
Total market value
$698,856
Applied tax rate
10,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
9,613 SF
Lot
0.11 ac (4,832 SF)
Zoning code
CO
APN
010100 76.25-2-11
UPID
US63-5650349
Jurisdiction
ALBANY
Zoning & alternative use
CO · Albany, NY
Zoning CO · permitted uses
CO · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Tree Realty LLC
Entity
Mailing address
41 PENNINGTON WAY, SPRING VALLEY, NY 10977-1419
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
—
Tree Realty LLC
—
Deed
related
$2,700,000 · The Bank Of Greene County
Jan 8, 2020
—
Tree Realty LLC
—
Deed
related
$183,739 · M&t Bk
Dec 22, 2011
$385,000
Tree Realty LLC
Amg Capital LLC
Grant Deed
$301,070 · First Niagara Funding INC
Apr 23, 2009
$650,000
Amg Capital LLC
Ehmann 21 Elk Corp
Deed In Lieu Of Foreclosure
related
—
Aug 18, 2005
—
21 Elk St.
Blackjack Dev INC
Warranty Deed
related
—
—
—
Tree Realty LLC
—
Loan Modification
related
$183,739 · M&t Bk
—
—
Tree Realty LLC
—
Loan Modification
related
$400,000 · M&t Bk
—
—
Tree Realty LLC
—
Deed Of Trust
related
$275,000 · National Un Bk/kinderhook
—
—
Tree Realty LLC
—
Deed Of Trust
related
$275,000 · National Un Bk/kinderhook
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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