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328 Western ave - Rare brick 10 family in Pine Hills neighborho 10 Unit Apartment Building Offered at $1,499,900 at a 6.77% Cap Rate Albany, NY 12203
Executive Summary
RARE 10-UNIT INVESTMENT OPPORTUNITY IN PINE HILLS! Rarely available this brick multifamily property in Albany's desirable Pine Hills neighborhood. Opportunities of this size and location do not come along often. This income-producing asset offers investors the chance to own a substantial multifamily property in an established rental market with convenient access to colleges, hospitals, restaurants, shopping, public transportation, and downtown Albany. A compelling opportunity for investors seeking scale, income potential, and long-term upside in a highly desirable location. Potential yearly $168,900.00. Full expense sheet is available under docs. It can be sold as a package with 77 S. Allen (3 units) Street and 299 Quail Street (6 units)
Property Facts
| Price | $1,499,900 | No. Units | 10 |
| Price Per Unit | $149,990 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 6,020 SF |
| Cap Rate | 6.77% | No. Stories | 3 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 1900 |
| Gross Rent Multiplier | 11.26 |
| Price | $1,499,900 |
| Price Per Unit | $149,990 |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 11.26 |
| No. Units | 10 |
| Property Type | Multifamily |
| Building Size | 6,020 SF |
| No. Stories | 3 |
| Year Built | 1900 |
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Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
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328 Western ave - Rare brick 10 family in Pine Hills neighborho