$315,000
Albany, NY 12203
MLS# 201609239
Status: Closed
3366 sqft
1 / 1
Property Description
Mixed use property Cash Cow, 1 store 2 apts. Store has brand new 5 year lease with one 5 year option. Rent for the store is $1,500/month for first 6 months. month 6-12 rent goes up to $2,000/month. By year 3 rent is $3,000/month. Apt #1 tenant pays $800/month Apt #2 $850/month. Tenants pay utilities and Parking lot is included with this building. Landlord only pays taxes. NOI is $39,102 Cap Rate at list is 11.2%
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Mixed Use
Original List Price: 349000
Sold Price: $315,000
Offered Lease/Sqft: 93.58
Listing Contract Date: 2016-05-10
Current Price: $315,000
List Price/SqFt: 96.55
Sold Price/SqFt: 93.58
List Price/Acres: 1300000
Sold Price/Acres: 1260000
Location
Street Number: 224
Street Name: QUAIL
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
City/Town (Mail): Albany
Geo Lat: 42.660602
Geo Lon: -73.778312
Property Detail
Year Built: 1905
Zoning: Commercial
Lot Size Acres: 0.25
Building Area Total: 3366
Enhanced Accessible Y/N: No
Financial Details
General Taxes Description: Estimated
School Taxes: 2847
School Taxes Description: Actual
Village Taxes: 1385
Village Taxes Description: Actual
Building Detail
Retail Available SQFT: 1200
Special Listing Conditions
Ownership: No Special Conditions
Status Change Info
Status Change Date: 2016-11-02
Under Contract Date: 2016-07-17
Sold Date: 2016-09-27
Sold Price: $315,000
Property Features
Parking Features: Private
Possible Use: Apartment Plus; Commercial House; Commercial House Plus; Mixed; Retail
Special Listing Conditions: Standard
Listing Courtesy of EXIT Realty Capitals Choice
Listing Agent: John Bevilacqua
518-396-5850 |
518-396-5850 |
