55 Ten Broeck Street, Albany, NY 12210

New - 8 Hours Ago

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Property Description

Rare opportunity to acquire a fully occupied 4-unit multifamily in one of Albany's most sought-after historic neighborhoods -- Ten Broeck Triangle. Built in 1860, this 21/2-story painted brick rowhouse sits on a quiet residential block steps from downtown, the Capitol, and Albany Med. All four units have been turned over within the past five years -- no long-entrenched below-market leases, clean tenant base, fresh start for a new owner.Unit mix: two above-grade 2BD/2BA units plus two 2BD/1BA garden-level units. Separately metered -- tenants pay their own utilities, keeping owner expenses lean. Current gross income $62,370/year with immediate upside. Priced at $599,000 at a 6.92% cap rate on normalized expenses.Taxes paid current. Zone X minimal flood risk. Strong rental demand in this corridor with consistent low vacancy history. Whether you're adding to an existing Albany portfolio or entering the market, this one pencils from day one with room to run.Full OM and financials upon request!

55 Ten Broeck Street | MLS# 202622021

This multi-family property located at 55 Ten Broeck Street, Albany, NY 12210 is currently listed for sale with an asking price of $599,000. Ten Broeck Street is located within the Albany school district. Search Albany real estate on blake-hitt.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Other
Heating: Forced Air
Home Style: Other
Lot Size: 0.07 Acres
Taxes: $7,870
Year Built: 1860

Feature Descriptions

Exterior: Brick
Exterior: None
Parcel #: 010100 65.82-5-66
Sewer: Public Sewer
SQFT Above Grade Finished: 2544
Water: Public

Local Schools

High School: Albany
School District: Albany

Estimate Your Payment

Estimated Payment

$ 2,163.66 per month $1,333.11 Principal & Interest $655.83 Property Tax $174.71 Homeowner's Insurance

Change Payment Information

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yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Empire Real Estate Firm LLC
Agency Phone: 1 518-662-7653

Shown By

Agent Name: Blake Hitt
Agent Phone: (607) 434-8219
Agency Title: Timberland Properties

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