257-259 Lark St

    Albany, NY 12210
    • $1,899,000
    • STATUS: Active
    • ON SITE: 232 days
    • MLS #: 201820920
    UPDATED: 73 min ago
    $1,899,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,808
      SQFT
    • $243
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1951
    County:

    School Ratings & Info

    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. Retail space under long term lease (the acclaimed Rain Restaurant) with 4 luxurious 2 bedroom apartments. 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.

    Monthly Payment Calculator



    © 2019 Eastern New York Regional Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the ENYRMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), ENYRMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2019-01-23T21:12:26.023.
    www.albanyhomes411.com/homes/84227921

    257-259 Lark St Albany, NY 12210

    • Price: $1,899,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 201820920
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,808
    SQFT
    $243
    $/SQFT
    1951
    Built
    Neighborhood:
    Lark St/Center Sq
    County:
    Albany
    Area:
    Albany City-Central Business Dis
    Property 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. Retail space under long term lease (the acclaimed Rain Restaurant) with 4 luxurious 2 bedroom apartments. 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.
    Exterior Features

    Construction Masonry Lot 86.8 X 77 Lot Sq Ft 6370 Parking Private Parking Spaces 20 Property Type Commercial Road Frontage 86.8' Roof Rubber

    Interior Features

    Air Conditioning Yes Building Available Sq Ft 0 Condition Excellent Handicap Access Yes Heat System Gas Forced Air Office Available Sq Ft 0 Retail Available Sq Ft 0 Retail Total Sq Ft 3700 Sprinklers Y Warehouse Available Sq Ft 0

    Property Features

    City Town Taxing Entity Albany Electric Exp Desc Estimated General Taxes 8225 General Taxes Desc Actual Gross Income 159840 Ins Exp Desc Actual Management Exp Amt Self Net Op Desc Actual Net Operating Income Amt 127950 Owner Finance No School Taxes 10450 School Taxes Description Actual Septic No Sewer Yes Special Market Conditions No Special Conditions Tenant Pays WaterSewerElecGas Total Taxes 18675 Total Taxes Description Actual Use Apartment PlusRestaurantMixed Use Water Municipal Zoning Commercial

    This listing courtesy of Howard Hanna : 518-489-1000.


    © 2019 Eastern New York Regional Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the ENYRMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), ENYRMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2019-01-23T21:12:26.023.
     
    Weichert Realtors®, Expert Advisors
    1202 Troy Schenectady Road
    Latham NY, 12110