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259 LARK ST
Albany, NY 12210

$1,999,000
Est. Mortgage: $10,006/mo
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Active
  • 7,808
    sq.ft.
Multi-Family Home

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. Four luxurious 2 bedroom apartments plus first floor retail space under long term lease (the acclaimed Rain Restaurant). 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
  • Albany City
    school district
  • 5 Family
    architecture
  • $18,675.00
    taxes
  • 1950
    built
  • 201824917
    MLS#
Central air
Forced air heat
Natural gas heat
Handicap access
Partial basement
School district: Albany
Brick exterior
Corner lot
Rubber roof
Public sewer
Public water
Rooms in unit #1: 2
Rooms in unit #2: 4
Rooms in unit #3: 4
Rooms in unit #4: 4
Rooms in unit #5: 4
Bedrooms in unit #2: 2
Bedrooms in unit #3: 2
Bedrooms in unit #4: 2
Bedrooms in unit #5: 2
Baths in unit #2: 1
Baths in unit #3: 1
Baths in unit #4: 1
Baths in unit #5: 1
Half baths in unit #1: 2
Get more info or schedule a showing:
Name Type GreatSchools
Rating
Distance
Giffen Memorial Elementary School Pre-School, Elementary School / Public 1 1.04 mi.
Stephen And Harriet Myers Middle School Middle School / Public 3 1.66 mi.
Albany High School High School / Public 3 1.21 mi.
Thomas S O Brien Academy Of Science And Tech * Pre-School, Elementary School / Public 2 0.45 mi.
Sheridan Preparatory Academy * Elementary School / Public 1 0.52 mi.
William S Hackett Middle School * Middle School / Public 5 0.34 mi.
Address Distance Sale date Sale price
644 MADISON AV 0.49 mi. 12/8/2017 $1,600,000
{"markerType": "ForSale", "lat": "42.65409", "lng": "-73.7663", "Address": "259 LARK ST", "City": "Albany", "StateProv": "NY", "ZipCode": "12210"}
{"markerType": "Sold", "lat": "42.65675", "lng": "-73.77524", "Address": "644 MADISON AV", "City": "Albany", "StateProv": "NY", "ZipCode": "12208"}
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Albany Real Estate Market in 12210
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$225,964
Average sale price
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The approximate monthly principal & interest payment for this property would be $10,006.17.

This payment is based on a 30-year loan at a fixed rate of 4.750 % - APR 4.837 % 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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259 LARK ST, Albany, NY 12210 multi-family home offered for sale at $1,999,000 by David Phaff in the Albany/Empire real estate office.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.