65 Watervliet Avenue

Albany NY 12206

8424 sq. ft.

3920.4 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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 glass windows 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 Weight Food 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.

Features

10 bedrooms

9 bathrooms

8424 sq. ft. floor area

3920.4 sq. ft. lot size

Multi-Family

Happy sellers in Albany

We have insufficient information to provide an overview of customer satisfaction for Albany. Viewing the agent profiles, reviews and sales for Albany can provide insights for this location.