$299,000
Albany, NY 12202
MLS# 202622868
3 baths | 6127 sqft
1 / 35
Property Description
Three-story brick mixed-use building offering an excellent opportunity for investors and owner-occupants. The property features a vacant commercial storefront with an estimated rental income of $2,000 per month, a vacant second-floor apartment with an estimated rental income of $1,600 per month, and a third-floor apartment occupied by a long-term tenant currently paying $1,250 per month. With the potential to generate approximately $60,000 in gross annual rental income, this mixed-use property presents a strong opportunity for consistent cash flow and long-term investment growth. The vacant storefront and second-floor apartment offer immediate leasing or owner-occupancy options, while the third-floor tenant provides income from day one. The roof has been professionally silicone-coated as part of routine maintenance, offering an estimated 15-20 years of added protection.
Details
Maps
Contract Information
Original List Price: 299000
List Price/SqFt: 48.8
List Price/Acres: 5980000
Status: Active
Property Sub Type: Mixed Use
List Price: $299,000
Listing Contract Date: 2026-07-29
Current Price: $299,000
Location
City/Town (Mail): Albany
Cross Street: Madison ave
Street Number: 151
Street Direction Prefix: S
Street Name: Pearl
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.882482
Geo Lon: -77.287618
Property Detail
Stories: 3
Number Of Buildings: 1
Parking Y/N: No
Lot Size Square Feet: 2300
Zoning: Mixed
Lot Size Dimensions: 23.4X100
Lot Size Acres: 0.05
Building Area Total: 6127
Building Available SQFT: 5207
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1890
Bathrooms Total: 3
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.49-4-11
Tax Annual Amount: 7015
Tax Section: 76.49
Total Taxes Description: Actual
Tax Block: 4
Tax Lot: 11.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Conveniently located on the bus line just off Madison Avenue, this property is within walking distance of MVP Arena, The Egg, Empire State Plaza, restaurants, shopping, and everything downtown Albany has to offer.
Public Remarks: Three-story brick mixed-use building offering an excellent opportunity for investors and owner-occupants. The property features a vacant commercial storefront with an estimated rental income of $2,000 per month, a vacant second-floor apartment with an estimated rental income of $1,600 per month, and a third-floor apartment occupied by a long-term tenant currently paying $1,250 per month.
With the potential to generate approximately $60,000 in gross annual rental income, this mixed-use property presents a strong opportunity for consistent cash flow and long-term investment growth. The vacant storefront and second-floor apartment offer immediate leasing or owner-occupancy options, while the third-floor tenant provides income from day one. The roof has been professionally silicone-coated as part of routine maintenance, offering an estimated 15-20 years of added protection.
Sewer
Public Sewer: 1
Architectural Style
Mixed Use: 1
Multiple Dwelling Unit: 1
Financial Details
General Taxes: 3301
General Taxes Description: Actual
School Taxes: 3713
School Taxes Description: Estimated
Cooling
Wall Unit(s): 1
Basement
Full: 1
Unfinished: 1
Building Detail
Retail Total SQFT: 1711
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Flooring
Carpet: 1
Vinyl: 1
Showing Requirements
Lockbox: 1
Roof
Flat: 1
Water Source
Public: 1
Heating
Baseboard: 1
Radiant: 1
Parking Features
Parking Total: 0
On Street: 1
Public Parking: 1
Possible Use
Business: 1
Mixed: 1
Office: 1
Office/Retail: 1
Office/Warehouse: 1
Restaurant: 1
Retail: 1
Shopping Center: 1
Fitness/Gym: 1
Laundromat: 1
Self-Storage Facility: 1
Subdividable: 1
Sale Includes
Building Only: 1
Security Features
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Snow Removal: 1
Status Change Info
Status Change Date: 2026-07-29
Property Features
Architectural Style: Mixed Use; Multiple Dwelling Unit
Basement: Full; Unfinished
Construction Materials: Brick
Cooling: Wall Unit(s)
Flooring: Carpet; Vinyl
Heating: Baseboard; Radiant
Parking Features: On Street; Public Parking
Possession: At Closing
Possible Use: Business; Mixed; Office; Office/Retail; Office/Warehouse; Restaurant; Retail; Shopping Center; Fitness/Gym; Laundromat; Self-Storage Facility; Subdividable
Roof: Flat
Sale Includes: Building Only
Security Features: Carbon Monoxide Detector(s); Fire Alarm
Sewer: Public Sewer
Showing Requirements: Lockbox
Tenant Pays: Cable TV; Electricity; Gas; Snow Removal
Water Source: Public
Listing Courtesy of Realty One Group Key
Listing Agent: Medaiszjah Sims
518-417-0397 | closingwithdai@gmail.com
518-417-0397 | closingwithdai@gmail.com
