Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    87 Lk Ave Albany, NY 12206-2519
    Property profile & analytics

    87 Lk Ave, Albany, NY 12206-2519

    View on Map
    • Investment properties
    • 1,465 SF
    • 0.02 lot acres
    Off-Market
    Property ID
    US63-1999135
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harbinger E Wayne DO / Physician

    Property Details for 87 Lk Ave

    Year built
    1890
    Lot size
    0.02 lot acres
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010100 65.54-1-53
    APU
    101006554153

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2022 $295,000 Josephine Difazio Kate Kurera Warranty Deed —
    Nov 18, 2020 — Legacy Re Holdings LLC — Deed · related $1.7M · Bank Of Greene Cnty
    Aug 21, 2018 — Audrey Feirstein Meagher,james R Deed · related $203k · M&t Bk
    — — Legacy Re Holdings LLC — Loan Modification · related $1.7M · Bank Of Greene Cnty
    — — Legacy Re Holdings LLC — Deed Of Trust · related $1.7M · Bank Of Greene Cnty

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7717
    Latitude
    42.6636
    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
    $9,600
    $40,400
    $50,000
    -
    $13,554
    $57,038
    $70,592

    Comparable in this City

    • Value Estimation by Request
      448 SF

      447 2nd St

      OFFICE/RESIDENTIAL (MIXED USE)
      447 2nd St, Albany, NY 12206-2730
      View Details
    • Value Estimation by Request
      2,148 SF

      156 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      156 Central Ave, Albany, NY 12206-2901
      View Details
    • Value Estimation by Request
      3,396 SF

      67 Ontario St

      OFFICE/RESIDENTIAL (MIXED USE)
      67 Ontario St, Albany, NY 12206-2428
      View Details
    • Value Estimation by Request
      2,264 SF

      42 Quail St

      OFFICE/RESIDENTIAL (MIXED USE)
      42 Quail St, Albany, NY 12206-2413
      View Details
    • Value Estimation by Request
      2,376 SF

      117 Lk Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      117 Lk Ave, Albany, NY 12206-2712
      View Details
    • Value Estimation by Request
      1,428 SF

      53 Lexington Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      53 Lexington Ave, Albany, NY 12206-3153
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,264 SF

      Central Avenue Investment Opportunity

      Investment property with restaurant and apartment, high-traffic location.
      218 Central Ave, Albany, NY 12206
      View Details
    • Contact for pricing
      16,420 SF

      Mixed-Use Albany Property For Sale

      Mixed-use property available for sale in Albany, New York.
      368 Central Ave, Albany, NY 12206
      View Details
    • Contact for pricing

      Versatile Commercial Property on Central Avenue

      Remarkable 43,520 sq ft commercial property with diverse spaces.
      233 Central Ave, Albany, NY 12206
      View Details
    • $389,000
      2,640 SF

      Mixed-Use Building with Storefront

      Mixed-use property featuring a commercial storefront and residential units.
      397 Clinton Ave, Albany, NY 12206
      View Details
    • $999,000
      43,520 SF

      Versatile Commercial Property on Central Avenue

      Remarkable 43,520 sq ft commercial property with diverse spaces.
      233 Central Ave, Albany, NY 12206
      View Details
    • $1,198,988
      10,328 SF

      Unique Albany Mixed-Use Property

      Historic building suitable for civic, office, or retail use.
      339 Central Ave, Albany, NY 12206
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      46,080 SF

      Central Avenue Mixed-Use Building

      Highly visible mixed-use building on Central Avenue for rent.
      97 Central Ave, Albany, NY 12206
      View Details
    • $14 SF/Yr
      46,080 SF

      Central Avenue Mixed-Use Retail Space

      Highly visible retail space on a busy Albany corridor.
      97 Central Ave, Albany, NY 12206
      View Details
    • $12 SF/Yr
      15,330 SF

      Albany Office Suites For Lease

      Multiple office suites available for lease in Albany, NY.
      175 Central Ave, Albany, NY 12206
      View Details
    • Contact for pricing
      900 SF

      Retail Space Near Home Depot

      Retail space shadow-anchored by Home Depot with signalized entrance.
      981 Central Ave, Albany, NY 12206
      View Details
    • Contact for pricing
      900 SF

      Retail Space Near Home Depot

      Retail space available near Home Depot with high traffic.
      979 Central Ave, Albany, NY 12206
      View Details
    • $4 SF/Yr
      34,132 SF

      Albany Office/Retail Building For Lease

      34,132 SF office/retail building with parking in Albany, NY.
      145 Central Ave, Albany, NY 12206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    87 Lk Ave
    Albany, NY 12206-2519
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    87 Lk Ave, Albany, NY, 12206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!