267 Lark St
Albany, NY 12210
Retail Property For Sale

This location is the heart beats of the city!,, Best location in the city! This property is consist of 4 units of apartment. Each unit has 1 bedroom, one living room, one kitchen, one full bath, and one hallway. In addition, there is one huge commercial space on the first floor occupied by the Amazing Wok for 38 years and still lease remaining for many years, with many years of steady income. Excellent investment income property with possibly CAP rate of 6.98% for the first year and increases every year after.
It also has a historic value. This property was also the home of Robert Jackson, a Supreme Court justice and a Nuremberg prosecutor.. We tried to preserve this property to it original as much as possible.
Zillow estimated on the property is off very far off,…. They have it wrong on the value of the property and rental income. For examples, the Houses at 358 Hudson Ave is estimated at $186/sqft and 362 Hudson is estimated at $186/sqft or @349 Hudson Ave is estimated at $217/sqft. This building is fully packed. It has 4 kitchens 4 full bathrooms and 4 large living rooms, and there is 4 bedrooms of course.
This property has also a huge commercial space. The capital market used to be there for decades before the current occupancy. Both has been a successful business .
Call for more details.