$166,400
Albany, NY 12202
MLS# 202016375
Status: Closed
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Property Description
Historic 3 story brick apartment building in Albany's Mansion District. Excellent income property with separate utilities, walking distance to downtown, entertainment, dinning, and museum. Can be purchased individually or packaged with 118 and 109 Lark Street. Professional management in place currently and earning very attractive Cap rate. Many recent updates in current units and potential to add additional unit in basement. 111 Grand is a great addition to any portfolio or a great start for the first time investor.
Details
Maps
Contract Information
Original List Price: 163800
List Price/SqFt: 68.94
Status: Closed
Property Sub Type: Multi Family
Sold Price: $166,400
Current Price: $166,400
Listing Contract Date: 2020-04-21
Location
City/Town (Mail): Albany
Street Number: 111
Street Name: GRAND
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.644885
Geo Lon: -73.757793
Property Detail
Number Of Units Total: 3
Garage Spaces: 0
Above Grade Finished Area: 2376
Above Grade Finished Area Source: CRS
Living Area: 2376
Lot Size Dimensions: 25.1X98.1
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1860
Status Change Info
Sold Price/SqFt: 70.03
Status Change Date: 2020-08-03
Under Contract Date: 2020-05-04
Sold Date: 2020-07-23
Sold Price: $166,400
Parcel, Tax, HOA
Parcel Number: 010100 76.49-5-59
Tax Annual Amount: 3189
Tax Section: 76.49
Total Taxes Description: Estimated
Tax Block: 5
Tax Lot: 59
School District: Albany
Association Y/N: No
Directions & Remarks
Directions: Madison Ave to Grand St
Public Remarks: Historic 3 story brick apartment building in Albany's Mansion District. Excellent income property with separate utilities, walking distance to downtown, entertainment, dinning, and museum. Can be purchased individually or packaged with 118 and 109 Lark Street. Professional management in place currently and earning very attractive Cap rate. Many recent updates in current units and potential to add additional unit in basement. 111 Grand is a great addition to any portfolio or a great start for the first time investor.
Sewer
Public Sewer: 1
Architectural Style
Triplex: 1
Cooling
None: 1
Basement
Walk-Out Access: 1
Construction Materials
Brick: 1
Showing Requirements
Call Listing Agent: 1
Special Listing Conditions
SeniorCommunity Y/N: No Special Conditions
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st Fl
Unit Available MF Unit 1: 3/31/21
Monthly Rent MF Unit 1: 885
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd fl
Unit Available MF Unit 2: 9/30/20
Monthly Rent MF Unit 2: 725
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3rd Fl
Unit Available MF Unit 3: 12/31/21
Monthly Rent MF Unit 3: 750
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Property Features
Architectural Style: Triplex
Basement: Walk-Out Access
Construction Materials: Brick
Cooling: None
Heating: Baseboard; Electric
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Water Source: Public
Listing Courtesy of Property Pro Realty Group Inc.
Listing Agent: Alexander D Buell
518-376-3338 | abuell@518propertypro.com
518-376-3338 | abuell@518propertypro.com
