70 Willett St - Apartments FOR SALE


Albany, NY 12210- Center Square
$785,000 USD
518-935-4600
70 Willett St, Albany, NY for Sale
$785,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

70 Willett St
Albany, NY 12210
Center Square


HIGHLIGHTS

  • Downtown View
  • Corner Lot
  • 1-minute walk to Washington Park

OVERVIEW

Own an entire corner of Center Square overlooking iconic Washington Park! This rare Albany offering features 6 doors across 3 buildings, all tied together by a shared basement and conveyed as one exceptional property. For owner-occupants, the vacant 4-bed, 3.5-bath brownstone is turn-key and ready for you to call home. Live in one of Albany's most beloved neighborhoods while enjoying instant income from the 5 fully rented 1-bed/1-bath apartments. Let your tenants offset your mortgage while you enjoy proximity to downtown, Lark Street, Albany Law, Albany Med, shops, parks, cafés, & restaurants. For investors, the numbers speak for themselves: projected long-term rental income over $94k annually with potential to increase. Or take advantage of Albany's strong demand for short-term rentals--this brownstone previously operated as a bed & breakfast and is ideally suited for Airbnb or furnished executive rental use. Whether you're seeking an exceptional owner-occupied residence, a cash-flowing portfolio addition, or a unique hybrid investment, this prime corner of Washington Park delivers unmatched versatility and character. If you truly want to maximize the return on this unique investment, convert this corner into 3 separate residential buildings that can be sold individually to enhance future resale value.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

6

PRICE/UNIT

$130,833

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1867

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

-

APN/PARCEL ID

010100-076-023-0003-079-000-0000

ASK ABOUT THIS PROPERTY

Jenn Baniak-HollandsKW PLATFORMMore Info
518-935-4600

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Jenn Baniak-HollandsKW PLATFORMMore Info
518-935-4600

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