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$1,899,000 For Sale

259 Lark St
Albany, NY 12210

Multi Family Home - MLS# 201824917
Property Photo
1/18

Description

Over 7% Cap Rate on remarkable, one of a kind investment opportunity with fully rented building & its own parking lot. Gross rents $159, 840. Net after expenses $134, 265. Four luxurious 2 bedroom apartments plus first floor retail space under long term lease (the acclaimed Rain Restaurant). Entire building 100% renovated in 2016 with high quality finishes. All tenants to remain. Common Utilities, water & sewer, trash removal & maintenance pd by 1st fl tenant. NEVER VACANT! Landlord only pays taxes.

Features

  • # Dishwashers: 4
  • # Dryers: 4
  • # Refrigerators: 4
  • # Stoves: 4
  • # Washers: 4
  • Accessibility: Yes
  • Age: 68
  • Basement: Part
  • City/Town - Mailing: Albany
  • Cooling Type: Central Air
  • County/Area: Albany County
  • Exterior: Brick
  • Heat Fuel: Natural Gas
  • Heat System: Hot Air
  • Listing Office: Howard Hanna
  • Listing Status: Active
  • Locale: Lark St/Center Sq
  • Lot Description: Corner
  • Lot Size: 86.8 X 77
  • Off-Street Parking Spaces: 18
  • Property Type: Multi Family Home
  • Roof: Rubber
  • School District: Albany
  • Sewer: Public
  • Sq.Ft.: 7808
  • Style: 5 Family
  • Sub Type: 3 Family +
  • Unit 1 # Partial Baths: 2
  • Unit 1 # Rooms: 2
  • Unit 1 Location: Main Fl
  • Unit 1 Monthly Rent: 7320
  • Unit 2 # Beds: 2
  • Unit 2 # Full Baths: 1
  • Unit 2 # Rooms: 4
  • Unit 2 Location: Unit 1
  • Unit 2 Monthly Rent: 1500
  • Unit 3 # Beds: 2
  • Unit 3 # Full Baths: 1
  • Unit 3 # Rooms: 4
  • Unit 3 Location: Unit 2
  • Unit 3 Monthly Rent: 1500
  • Unit 4 # Beds: 2
  • Unit 4 # Full Baths: 1
  • Unit 4 # Rooms: 4
  • Unit 4 Location: Unit 3
  • Unit 4 Monthly Rent: 1500
  • Unit 5 # Beds: 2
  • Unit 5 # Full Baths: 1
  • Unit 5 # Rooms: 4
  • Unit 5 Location: Unit 4
  • Unit 5 Monthly Rent: 1500
  • Water: Public
  • Zip Code: 12210

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David Phaff Team
Howard Hanna Real Estate Services
Albany, NY 12205

518-456-5333
Contact Us

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David Phaff Team | 518-456-5333 | Contact Us
20 Aviation Drive - Albany, NY 12205
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