267 Lark St - Storefront Retail/Residential FOR SALE


Albany, NY 12210- Center Square
$1,290,000 USD
518-286-8815
267 Lark St, Albany, NY for Sale
$1,290,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 6.98% Cap Rate

267 Lark St
Albany, NY 12210
Center Square


HIGHLIGHTS

  • Excellent investment income property with possibly CAP rate of 6.98% for the first year and increases every year after.

OVERVIEW

This location is the heart beats of the city!,, Best location in the city! This property is consist of 4 units of apartment. Each unit has 1 bedroom, one living room, one kitchen, one full bath, and one hallway. In addition, there is one huge commercial space on the first floor occupied by the Amazing Wok for 38 years and still lease remaining for many years, with many years of steady income. Excellent investment income property with possibly CAP rate of 6.98% for the first year and increases every year after. It also has a historic value. This property was also the home of Robert Jackson, a Supreme Court justice and a Nuremberg prosecutor.. We tried to preserve this property to it original as much as possible. Zillow estimated on the property is off very far off,…. They have it wrong on the value of the property and rental income. For examples, the Houses at 358 Hudson Ave is estimated at $186/sqft and 362 Hudson is estimated at $186/sqft or @349 Hudson Ave is estimated at $217/sqft. This building is fully packed. It has 4 kitchens 4 full bathrooms and 4 large living rooms, and there is 4 bedrooms of course. This property has also a huge commercial space. The capital market used to be there for decades before the current occupancy. Both has been a successful business . Call for more details.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

6.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R2C

APN/PARCEL ID

010100-076-023-0003-046-001-0000

ASK ABOUT THIS PROPERTY

Danny YeungDanny YeungMore Info
518-286-8815

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Danny YeungDanny YeungMore Info
518-286-8815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.