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    OFF-MARKET
    Small apartment buildings

    570 Western Ave, Albany, NY 12203

    Property ID
    US63-6004939
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 25-unit multifamily property ideally situated on Western Avenue in Albany, New York. The building enjoys a prime location near the intersection of Madison Avenue and Manning Boulevard, offering convenient access to public transportation, numerous shops, restaurants, and shopping centers. The property boasts a strong rental history, demonstrating consistent occupancy and income generation. The unit mix comprises a combination of one-bedroom and studio apartments, catering to a diverse range of tenants. A significant advantage for investors is that the landlord is responsible for covering all utility costs. This property is situated in Albany County, New York, with a zip code of 12203, and is conveniently located on a bus line. The asking price for this multifamily investment is $2,379,000. The property is classified as both multifamily and commercial, and while the listing indicates zero units, the marketing description clarifies that it contains 25 units. This discrepancy should be clarified during due diligence. This is a rare opportunity to acquire a well-established, income-producing multifamily asset in a highly desirable Albany location.

    Property profile
    Verified
    Property type Small apartment buildings
    UPID US63-6004939
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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