$1,800,000
Albany, NY 12208
MLS# 202611652
24 beds
1 / 7
Property Description
Fantastic property that was recently rehabbed and modernized. Two Long term, commercial tenants with 8 apartments. Typically rented to students from UAlbany, Albany Law, Albany, Med. Great rental neighborhood. Close to UAlbany Downtown Campus, Washington Park, Albany Med, Albany Law. See attached for income and expense details. New HVAC for commercial space in 2024 and New Hot Water system for building replaced in 2025.
Details
Maps
Documents
Contract Information
Original List Price: 1800000
List Price/SqFt: 209.5
Status: Active
Property Sub Type: Multi Family
List Price: $1,800,000
Current Price: $1,800,000
Listing Contract Date: 2026-02-06
Location
City/Town (Mail): Albany
Cross Street: Ontario
Street Number: 811
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12208
Geo Lat: 42.660304
Geo Lon: -73.780737
Property Detail
Number Of Units Total: 10
Rooms Total: 26
Bathrooms Half: 2
Garage Spaces: 0
Above Grade Finished Area: 8592
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 8592
Zoning: Mixed
Lot Size Acres: 0.15
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 24
Bathrooms Full: 11
Year Built: 1940
Parcel, Tax, HOA
Parcel Number: 010100 65.69-2-61
Tax Annual Amount: 43990
Tax Section: 65.69
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 61.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Madison Avenue Between Quail and Ontario Street
Public Remarks: Fantastic property that was recently rehabbed and modernized. Two Long term, commercial tenants with 8 apartments. Typically rented to students from UAlbany, Albany Law, Albany, Med. Great rental neighborhood. Close to UAlbany Downtown Campus, Washington Park, Albany Med, Albany Law. See attached for income and expense details. New HVAC for commercial space in 2024 and New Hot Water system for building replaced in 2025.
Sewer
Public Sewer: 1
Architectural Style
Low Rise: 1
Attic Features
Hatch: 1
Cooling
None: 1
Basement
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 2nd
Full Bath 6: 2nd
Full Bath 7: 3rd
Full Bath 8: 3rd
Full Bath 9: 3rd
Full Bath 10: 3rd
Half Bath 1: 1st
Half Bath 2: 1st
Construction Materials
Brick: 1
Stucco: 1
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
Other: 1
Flooring
Hardwood: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
No Sign: 1
Showing Service: 1
Special Listing Conditions
Standard: 1
Roof
Flat: 1
Water Source
Public: 1
Foundation Details
Stone: 1
Heating
Natural Gas: 1
Steam: 1
Income And Expenses
Rental Income: 200184
Rental Income Description: Estimated
Total Income: 206759
Total Income Description: Estimate
Interior Features
Ceramic Tile Bath: 1
Levels
Tri-Level: 1
Security Features
Closed Circuit Camera(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Number Of Separate Electric Meters: 11
Tenant Pays
Cable TV: 1
Electricity: 1
Internet: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Total Rooms MF Unit 1: 8
Total Bedrooms MF Unit 1: 3
Total Full Baths MF Unit 1: 2
Unit 1 Owner Furnish Features
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Management: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Total Rooms MF Unit 2: 8
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 2
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2
Total Rooms MF Unit 3: 8
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 2
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2
Total Rooms MF Unit 4: 6
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3
Total Rooms MF Unit 5: 8
Total Bedrooms MF Unit 5: 3
Total Full Baths MF Unit 5: 2
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 3
Total Rooms MF Unit 6: 8
Total Bedrooms MF Unit 6: 3
Total Full Baths MF Unit 6: 2
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 3
Total Rooms MF Unit 7: 6
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 1
Total Rooms MF Unit 8: 8
Total Bedrooms MF Unit 8: 3
Total Full Baths MF Unit 8: 1
Status Change Info
Status Change Date: 2026-02-06
Property Features
Architectural Style: Low Rise
Attic Features: Hatch
Basement: Unfinished
Construction Materials: Brick; Stucco; Vinyl Siding
Cooling: None
Exterior Features: Other
Flooring: Hardwood
Foundation Details: Stone
Heating: Natural Gas; Steam
Interior Features: Ceramic Tile Bath
Levels: Tri-Level
Possession: At Closing; Subject To Tenant Rights
Roof: Flat
Security Features: Closed Circuit Camera(s); Smoke Detector(s)
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; No Sign; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Internet
Water Source: Public
Unit 1 Owner Furnish Features: Heat; Hot Water; Maintenance Grounds; Management; Sewer; Snow Removal; Trash; Water
Income and Expense details 
Listing Courtesy of BA Realty Group
Listing Agent: Adam Gelman
518-339-2965 | amgelman@gmail.com
518-339-2965 | amgelman@gmail.com
