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Listing 2 out of 170
$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

  • Property Type: Multi Family Home
  • Sub Type: 3 Family +
  • Listing Status: Active
  • County/Area: Albany County
  • Zip Code: 12210
  • Age: 68
  • Subdivision/Neighborhood: Lark St/Center Sq
  • School District: Albany
  • Sq.Ft.: 7,808 sq ft
  • Style: 5 Family
  • Basement: Part
  • Accessibility: Yes
  • City/Town - Mailing: Albany
  • Off-Street Parking Spaces: 18
  • Roof: Rubber
  • Listing Office: Howard Hanna
Courtesy of Howard Hanna

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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 Road - Albany, NY 12205
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