7 Beds
4 Baths
7 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 880964
Bedrooms 7
Full Baths 4
Rental Info No
Year Built 1816
Annual Tax Amount $11,960
Property Sub-Type Quadruplex
Source onekey2
Property Description
The unit mix includes a spacious 3-bedroom, a 2-bedroom, and two 1-bedroom apartments—all with well-proportioned bedrooms and great natural light. A perfect investment opportunity: all tenants are current on rent, and the 3-bedroom and one of the 1-bedrooms can be delivered vacant for owner occupancy or market-rate leasing. This turnkey property is a rare blend of historic character and modern convenience—ideal for investors or live-in owners seeking cash flow and long-term value.
The properties are located in historic Hudson Square, which is centrally located with easy access to the state government buildings, Albany Medical Center, several parks, and the active bar/ restaurant scene on Lark Street. This area has a high demand for rentals, and demands high rent prices.
Income and Expense Numbers:
Expenses (we self manage):
Taxes: $11,960
Insurance: $2,542
Vacancy (5%): $4,185
Cap X (2.5%): $2,092
Trash: $600
PLP: $840
Water: $1,000
Total Expenses: $23,219
Income: $83,700
Net: $60,481
Location
State NY
County Albany County
Interior
Interior Features First Floor Bedroom, Beamed Ceilings
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplaces Type Decorative
Fireplace No
Exterior
Fence Back Yard
Utilities Available See Remarks
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Wood Siding
Others
Senior Community No
Special Listing Condition None
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70 E Sunrise Hwy Ste, Valley Stream, New York, 11581, USA