65 Watervliet Avenue, Albany, NY 12206

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Property Description

Mixed-use investment opportunity at the tri-corner of Watervliet Ave, Livingston Ave and 3rd St, just off the Everett Rd exit of I-90. This 3-story building offers 9 apartments (four studios, one 1BR, three 2BR, one 3BR) plus two street-level storefronts of +1,500 SF and +1,000 SF with large glasswindows and direct street access. Apartments currently generate $8,325/mo; both storefronts are vacant and being marketed at $1,500/mo and $1,300/mo,offering immediate upside. Select units have seen recent updates including new windows, flooring and appliances. Across the street from Honest WeightFood Co-op and a block from the CDTA Training and Call Center. Pro forma NOI of $85,815 (6.9% cap rate) with retail leased. Offered at $1,250,000.

65 Watervliet Avenue | MLS# 202627002

This multi-family property located at 65 Watervliet Avenue, Albany, NY 12206 is currently listed for sale with an asking price of $1,250,000. Watervliet Avenue 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: Yes
Basement: Unfinished
Cooling: Wall Unit(s)
Heating: Baseboard, Electric, Hot Water, Natural Gas
Home Style: Apartment 4 Plus Unit
Lot Size: 0.09 Acres
Roof Type: Rubber
Taxes: $16,066
Year Built: 1930

Feature Descriptions

Days on Site: 15
Exterior: Brick
Exterior: None
Lot: Corner Lot
Parcel #: 010100 65.21-1-50
Parking Total: 0
Sewer: Public Sewer
SQFT Above Grade Finished: 8424
SQFT Below Grade Finished: 2808
Water: Public

Local Schools

High School: Albany
School District: Albany

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Estimated Payment

$ 4,485.37 per month $2,781.96 Principal & Interest $1,338.83 Property Tax $364.58 Homeowner's Insurance

Change Payment Information

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Demographics

Listed By / Shown By

Listing By

Agency Name: NAI Platform LLC
Agency Phone: 1 518-465-1400

Shown By

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

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