257-259 LARK ST
Albany, NY 12210

$1,999,000
Est. Mortgage: $9,779/mo
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Active
  • 7,808
    sq.ft.
Commercial

Over 7% Cap Rate on remarkable, one of a kind investment opportunity with fully rented building & its own parking lot. Gross rents $159,840. Net after expenses $134,265. Retail space under long term lease (the acclaimed Rain Restaurant) with 4 luxurious 2 bedroom apartments. Entire building 100% renovated in 2016 with high quality finishes. All tenants to remain. Common Utilities, water & sewer, trash removal & maintenance pd by 1st fl tenant. NEVER VACANT! Landlord only pays taxes.

Property Details
  • $18,675.00
    taxes
  • 1950
    built
  • 2
    stories
  • 201820920
    MLS#
Forced air heat
Handicap access
Parking spaces: 20
Lot size: 86.8 x 77
Lot zoned: Commercial
Road frontage: 86.8'
Rubber roof
Total square feet: 7808
Get more info or schedule a showing:
Address Distance Sale date Sale price
643-647-651 PROVIDENCE ST 1.07 mi. 3/27/2018 $2,232,000
100 FULLER RD 4.22 mi. 7/31/2017 $1,300,000
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{"markerType": "Sold", "lat": "42.65651", "lng": "-73.7872", "Address": "643-647-651 PROVIDENCE ST", "City": "Albany", "StateProv": "NY", "ZipCode": "12208"}
{"markerType": "Sold", "lat": "42.69761", "lng": "-73.82467", "Address": "100 FULLER RD", "City": "Colonie", "StateProv": "NY", "ZipCode": "12205"}
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Albany Real Estate Market in 12210
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$215,038
Average sale price
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The approximate monthly principal & interest payment for this property would be $9,778.55.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.638 % with a down payment of $99,950. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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257-259 LARK ST, Albany, NY 12210 commercial offered for sale at $1,999,000 by David Phaff in the Albany/Empire real estate office.