Log In/Sign Up
Your email has been sent.
Beaver Lofts 83 Beaver St 9 Unit Apartment Building $1,599,999 ($177,778/Unit) 8.70% Cap Rate Albany, NY 12207
Investment Highlights
- Fully remodeled (2013), charming, spacious 9-unit building walkable to everything.
- Assumable financing at 3.7%
- Tenants pay electric, gas, and cable; the owner pays trash, water, and sewer.
- 8.7% current cap rate with a proforma cap rate of 9.1% by mid-2027.
- Seven 2bed/2ba, one 2bed/1ba, and one 1bed/1ba. Average unit size is 1,200 SF.
- There are in-unit washers and dryers, central air, and 9 total parking spaces (5 garage spots and 4 outdoor spots).
Executive Summary
Fully remodeled (2013), charming, spacious 9-unit building walkable to everything. 8.7% current cap rate with a proforma cap rate of 9.1% by mid-2027. Assumable financing at 3.7%. Seven 2bed/2ba, one 2bed/1ba, and one 1bed/1ba. Average unit size is 1,200 SF. Tenants pay electric, gas, and cable; the owner pays trash, water, and sewer. There are in-unit washers and dryers, central air, and 9 total parking spaces (5 garage spots and 4 outdoor spots).
Property Facts
| Price | $1,599,999 | Building Class | C |
| Price Per Unit | $177,778 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 20,954 SF |
| Cap Rate | 8.70% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1880/2013 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-3 - Commercial District | ||
| Price | $1,599,999 |
| Price Per Unit | $177,778 |
| Sale Type | Investment |
| Cap Rate | 8.70% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 20,954 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2013 |
| Opportunity Zone |
Yes |
| Zoning | C-3 - Commercial District |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Stainless Steel Appliances
- Intercom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,040 |
| 2+1 | 1 | - | 1,134 |
| 2+2 | 7 | - | 1,052 - 1,639 |
Moderately walkable
70/100
Very drivable
80/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010100-076-042-0001-020-000-0000 | Improvements Assessment | $1,060,400 |
| Land Assessment | $120,000 | Total Assessment | $1,180,400 |
Property Taxes
Parcel Number
010100-076-042-0001-020-000-0000
Land Assessment
$120,000
Improvements Assessment
$1,060,400
Total Assessment
$1,180,400
1 of 67
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
