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65 Watervliet Avenue

Albany, NY 12206

Active

$1,250,000

Listing by:
Cory M Tyksinski
NAI Platform LLC
518-857-8396

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.

$1,250,000
10.0
Bedrooms
9
Bathrooms
8,424
Sq. Ft.
$ 148
$/Sq. Ft.
0.09
Acres
Year Built:
1930
County:
Albany
School District:
Albany
Acres:
0.09
Listing Agent:
Cory M Tyksinski
Listing Office:
NAI Platform LLC
CONTACT A
BUYER'S AGENT

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Features

Square Feet: 8,424
Town: Albany
Bedrooms: 10
Full Bathrooms: 9
Estimated Taxes: $16,066
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Electric, Hot Water, Natural Gas
Garage: 0
Property Style: Apartment 4 Plus Unit
Exterior: Brick
Exterior Features: None
Cooling: Wall Unit(s)
Parking Spaces: 0

Location



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