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Listed by Sage Baltrusaitis • Empire Real Estate Firm LLC

$ 549,000

Est. payment -/mo

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Active

55 Ten Broeck Street Albany, NY 12210

8 Beds

6 Baths

2,544 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,544 sqft

Price per Sqft $215

MLS Listing ID 202622021

Bedrooms 8

Full Baths 6

HOA Y/N No

Year Built 1860

Annual Tax Amount $7,870

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Quadruplex

Source Global MLS

Property Description

Rare opportunity to acquire a fully occupied 4-unit multifamily in one of Albany's most sought-after historic neighborhoods -- Ten Broeck Triangle. Built in 1860, this 2½-story painted brick rowhouse sits on a quiet residential block steps from downtown, the Capitol, and Albany Med. All four units have been turned over within the past five years -- no long-entrenched below-market leases, clean tenant base, fresh start for a new owner.
Unit mix: two above-grade 2BD/2BA units plus two 2BD/1BA garden-level units. Separately metered -- tenants pay their own utilities, keeping owner expenses lean. Current gross income $62,370/year with immediate upside. Priced at $599,000 at a 6.92% cap rate on normalized expenses.
Taxes paid current. Zone X minimal flood risk. Strong rental demand in this corridor with consistent low vacancy history. Whether you're adding to an existing Albany portfolio or entering the market, this one pencils from day one with room to run.
Full OM and financials upon request!

Location

State NY

County Albany

Direction From I-787 N: Take Exit 4 for Clinton Ave. Head west on Clinton Ave, then turn left onto N Pearl St. Continue south on N Pearl, then turn right onto First St. Turn left onto Ten Broeck St -- property is on the right. From I-90 E: Take Exit 1N toward Albany. Merge onto I-787 N and follow directions above.

Interior

Heating Forced Air

Exterior

Exterior Feature None

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Schools

School District Albany

Others

Tax ID 010100 65.82-5-66

Special Listing Condition Standard

Virtual Tour https://app.doaudiotours.com/unbranded?id=26630&lang=en-US

Samantha Kettlewood

NYS Licensed Real Estate Salesperson

+1(518) 810-9013 | sam@empirerealestatefirm.com

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