402 Broadway, Albany, NY 12207

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Property Description

Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move. The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more. Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!

402 Broadway | MLS# 202615134

This multi-family property located at 402 Broadway, Albany, NY 12207 is currently listed for sale with an asking price of $750,000. Broadway is located within the Albany school district. Search Albany real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Interior Entry, Other
Cooling: Central Air
Heating: Forced Air, Other, Natural Gas
Home Style: Other
Lot Size: 0.03 Acres
Roof Type: Flat
Taxes: $5,364
Year Built: 1880

Feature Descriptions

Days on Site: 7
Exterior: Brick
Exterior: None
Fencing: None
Flooring: Laminate
Interior: Other, Crown Molding
Laundry: Laundry Closet
Parcel #: 010100 76.42-3-38
Parking: Other
Parking Total: 0
Patio/Porch: None
Security: Fire Sprinkler System, Other, Carbon Monoxide Detector(s)
Sewer: Public Sewer
Special View Info: City, Downtown
SQFT Above Grade Finished: 3796
Structures: None
Water: Public

Local Schools

High School: Albany
School District: Albany

Estimate Your Payment

Estimated Payment

$ 2,334.92 per month $1,669.17 Principal & Interest $447.00 Property Tax $218.75 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Miranda Real Estate Group Inc
Agency Phone: 1 518-356-1701

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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