$550,000
Albany, NY 12208
MLS# 202211989
Status: Closed
8 beds | 4900 sqft
1 / 1
Property Description
8 unit located in great location off New Scotland Ave. Close to Albany Med and Pharmacy, restaurants and bus line. Strong rental history with many long term tenants. Units have updated baths and kitchens and each unit has access to porch. Easy to manage with current maintenance man living in unit 1
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 639900
Sold Price: $550,000
Current Price: $550,000
Listing Contract Date: 2022-02-14
List Price/SqFt: 122.43
Location
Street Number: 474-476
Street Name: Ontario
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12208
City/Town (Mail): Albany
Geo Lat: 42.653798
Geo Lon: -73.788135
Property Detail
Number Of Units Total: 8
Rooms Total: 24
Bedrooms Total: 8
Bathrooms Full: 8
Year Built: 1900
Above Grade Finished Area: 4900
Above Grade Finished Area Source: CRS
Building Area Total: 4900
Living Area: 4900
Lot Size Dimensions: 50 x 100
Lot Size Acres: 0.12
Main Road Frontage: 50
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2022-07-25
Under Contract Date: 2022-04-07
Sold Date: 2022-07-25
Sold Price: $550,000
Sold Price/SqFt: 112.24
Financial Details
General Taxes: 4769
General Taxes Description: Actual
School Taxes: 7743
School Taxes Description: Actual
Income And Expenses
Rental Income: 66600
Rental Income Description: Actual
Total Income: 66600
Insurance Expense: 3959
Insurance Expense Description: Actual
Miscellaneous Expense: 1200
Miscellaneous Expense Description: Actual
Heat Expense (Est): 6126
Maintenance Expense: 840
Unit Information
Number Of Refrigerators: 8
Number Of Stoves: 8
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1Fl Fron
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 800
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Total Half Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1Fl rear
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 675
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2Fl Fr
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 700
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2Fl Rear
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 700
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1Fl Fr
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 600
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: 12 Months
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 1F rear
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 650
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: 12 Months
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 2Fl Fr
Occupant Type MF Unit 7: Tenant
Monthly Rent MF Unit 7: 725
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: 12 Months
Total Rooms MF Unit 7: 3
Total Bedrooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 2F Rear
Occupant Type MF Unit 8: Tenant
Monthly Rent MF Unit 8: 700
Rent Desc. MF Unit 8: Actual
Lease Term MF Unit 8: 12 Months
Total Rooms MF Unit 8: 3
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Property Features
Basement: Full
Construction Materials: Aluminum Siding
Exterior Features: None
Fencing: None
Heating: Hot Water; Natural Gas
Interior Features: High Speed Internet
Levels: Two
Possession: At Closing
Roof: Rolled/Hot Mop
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Not Separated
Sewer: Public Sewer
Showing Requirements: Lockbox; Occupied; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Heat; Hot Water; Internet
Utilities: Cable Available
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Electricity; Heat; Hot Water; Trash
Unit 2 Owner Furnish Features: Electricity; Heat; Hot Water; Trash
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Electricity; Heat; Hot Water; Trash
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Electricity; Heat; Hot Water; Trash
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Electricity; Heat; Hot Water; Trash
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Owner Furnish Features: Electricity; Heat; Hot Water; Trash
Unit 6 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Heat; Hot Water; Trash
Unit 7 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 8 Owner Furnish Features: Electricity; Heat; Hot Water; Trash
Unit 8 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Rent role & Expenses 
Listing Courtesy of Field Realty
Listing Agent: Michael J Field
518-669-1804 | mike@fieldrealty.com
518-669-1804 | mike@fieldrealty.com
