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400 Madison Ave 8 Unit Apartment Building $795,000 ($99,375/Unit) 4% Cap Rate Albany, NY 12210
Investment Highlights
- High ceilings, double exposure, wood floors, several units are renovated
Executive Summary
Prime location near Albany’s Downtown area.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $99,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4% | Building Size | 5,591 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1861 |
| Property Subtype | Apartment | ||
| Zoning | R2C - Residential | ||
| Price | $795,000 |
| Price Per Unit | $99,375 |
| Sale Type | Investment |
| Cap Rate | 4% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,591 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1861 |
| Zoning | R2C - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Cabana
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 010100-076-031-0003-012-000-0000 | Improvements Assessment | $344,000 |
| Land Assessment | $86,000 | Total Assessment | $430,000 |
Property Taxes
Parcel Number
010100-076-031-0003-012-000-0000
Land Assessment
$86,000
Improvements Assessment
$344,000
Total Assessment
$430,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Mims Residential Group
400 Madison Ave
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