$600,000
Cohoes, NY 12047
MLS# 202524920
Status: Closed
5 beds
1 / 83
Property Description
Outstanding Investment or Perfect Owner Occupant Opportunity on Historic Remsen St in Cohoes Fully occupied and income producing this remarkable 3 story brick mixed use building delivers over a 10% cap rate which is a rare find in todays market The property generates strong returns with commercial space on the first floor a spacious residential unit on the second floor and a thriving short term rental on the top floor making it both a turnkey investment and an ideal option for an owner occupant looking to step into a vibrant thriving property Fully renovated inside and out the building blends modern updates with timeless character The first floor offers 1500 sq ft of prime commercial space The second floor features a spacious updated 3 bedroom apartment with hardwood floors The top floor is a luxury 2 bedroom 2 bath unit with exposed brick high end finishes and a private balcony currently operating successfully as an Airbnb Each unit has separate utilities Recent upgrades include new windows doors roof coating garage and basement Located in the heart of a walkable district surrounded by shops dining and cultural attractions Remsen St comes alive all summer with weekly concerts and events while being just minutes to Albany and Saratoga This is not just real estate it is a fully stabilized revenue generating property with incredible upside in one of the Capital Regions most historic and revitalized neighborhoods
Details
Maps
Documents
Contract Information
Original List Price: 599000
List Price/SqFt: 132.17
Status: Closed
Property Sub Type: Triplex
Sold Price: $600,000
Current Price: $600,000
Listing Contract Date: 2025-08-30
Location
City/Town (Mail): Cohoes
Street Number: 86
Street Name: Remsen
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12047
Geo Lat: 42.774548
Geo Lon: -73.701541
Property Detail
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 1
Above Grade Finished Area: 4532
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 4532
Fireplaces Total: 1
Zoning: Mixed
Deed Restrictions: No
Lot Size Acres: 0.05
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 5
Bathrooms Full: 4
Year Built: 1958
Status Change Info
Sold Price/SqFt: 132.39
Status Change Date: 2026-03-07
Under Contract Date: 2025-09-22
Sold Date: 2026-03-06
Sold Price: $600,000
Parcel, Tax, HOA
Parcel Number: 010300 10.59-1-21
Tax Annual Amount: 9223.82
Tax Section: 10.59
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 21.000
School District: Cohoes
Association Y/N: No
Directions & Remarks
Directions: I-787 N, left on to Ontario St, right on to Remsen Street, 100 ft. building on left side
Public Remarks: Outstanding Investment or Perfect Owner Occupant Opportunity on Historic Remsen St in Cohoes
Fully occupied and income producing this remarkable 3 story brick mixed use building delivers over a 10% cap rate which is a rare find in todays market The property generates strong returns with commercial space on the first floor a spacious residential unit on the second floor and a thriving short term rental on the top floor making it both a turnkey investment and an ideal option for an owner occupant looking to step into a vibrant thriving property
Fully renovated inside and out the building blends modern updates with timeless character The first floor offers 1500 sq ft of prime commercial space The second floor features a spacious updated 3 bedroom apartment with hardwood floors The top floor is a luxury 2 bedroom 2 bath unit with exposed brick high end finishes and a private balcony currently operating successfully as an Airbnb Each unit has separate utilities
Recent upgrades include new windows doors roof coating garage and basement Located in the heart of a walkable district surrounded by shops dining and cultural attractions Remsen St comes alive all summer with weekly concerts and events while being just minutes to Albany and Saratoga
This is not just real estate it is a fully stabilized revenue generating property with incredible upside in one of the Capital Regions most historic and revitalized neighborhoods
Sewer
Public Sewer: 1
Architectural Style
Townhouse: 1
Electric
200+ Amp Service: 1
Fencing
None: 1
Financial Details
General Taxes: 3761
General Taxes Description: Actual
School Taxes: 5584
School Taxes Description: Actual
Attic Features
No Attic Access: 1
Cooling
Central Air: 1
Ductless: 1
Listing Terms
Assumable: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Full Bath 4: 3rd
Lot Features
Corner Lot: 1
Construction Materials
Brick: 1
Door Features
ENERGY STAR Qualified Doors: 1
Photos - the contractual owner of the photos
Photo Owner: Seller/Landlord
Possession
At Closing: 1
Exterior Features
Other: 1
Fireplace Features
Electric: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Showing Requirements
Showing Service: 1
Other: 1
Special Listing Conditions
Standard: 1
Roof
Flat: 1
Rubber: 1
View
Downtown: 1
Water Source
Public: 1
Heating
Electric: 1
Natural Gas: 1
Income And Expenses
Rental Income: 86340
Rental Income Description: Actual
Interior Features
Built-in Features: 1
Open Floorplan: 1
Stone Countertops: 1
Walk-In Closet(s): 1
Parking Features
Garage: 1
Patio And Porch Features
Other: 1
Levels
Three Or More: 1
Separate Utilities
Electric: 1
Gas: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 2000
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Other
Total Rooms MF Unit 1: 3
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1795
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Other
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 3400
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 2
Unit 1 Detail
Rent: 2000
Rent Description Unit 1: Actual
Lease Term Unit 1: Other
Occupant Type Unit 1: Tenant
Kitchen Unit 1: Working Only
Unit 2 Detail
Rent: 1795
Rent Description Unit 2: Actual
Lease Term Unit 2: Other
Occupant Type Unit 2: Tenant
Total Bedrooms: 3
Unit 3 Detail
Rent: 3400
Rent Description Unit 3: Actual
Lease Term Unit 3: Other
Occupant Type Unit 3: Tenant
Total Bedrooms: 2
Unit 2 Dining Room Type
Dining Area: 1
Unit 2 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3 Dining Room Type
Dining Area: 1
Unit 3 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Property Features
Architectural Style: Townhouse
Attic Features: No Attic Access
Basement: Full
Construction Materials: Brick
Cooling: Central Air; Ductless
Door Features: ENERGY STAR Qualified Doors
Electric: 200+ Amp Service
Exterior Features: Other
Fencing: None
Fireplace Features: Electric
Flooring: Ceramic Tile; Hardwood
Heating: Natural Gas
Interior Features: Built-in Features; Open Floorplan; Stone Countertops; Walk-In Closet(s)
Levels: Three Or More
Listing Terms: Assumable
Lot Features: Corner Lot
Parking Features: Garage
Patio And Porch Features: Other
Possession: At Closing
Roof: Flat; Rubber
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Showing Service; Other
Special Listing Conditions: Standard
View: Downtown
Water Source: Public
Unit 2 Dining Room Type: Dining Area
Unit 2 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 3 Dining Room Type: Dining Area
Unit 3 Appliances: Dishwasher; Range; Refrigerator
PCD 
Listing Courtesy of Gucciardo Real Estate LLC
Listing Agent: Pavel Karakalchu
518-728-6305 | Karakalchup@gmail.com
518-728-6305 | Karakalchup@gmail.com
