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111 Green St
Albany, NY 12202

Mixed Use Building - Office Plus Apartments · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
2,876 SF
Building Class
C
Year Built
1920
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,000 SF
Building FAR
2.20
Lot Size
0.03 AC
Zoning
R2A
Parking
5 Spaces (2.55 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

ABOUT 111 GREEN ST , ALBANY, NY 12202

Fully occupied brick three unit mixed use apartment building. Commercial corner office space on 1st floor, split level 2 BDR apartment on 2nd floor , studio apartment in rear of office. Potential rental income $32,100, taxes $3,478, water and sewer $908, property insurance $1,371, HOA provides grounds maintenance, snow and trash removal, plus off-street parking for residents $2,340. Total annual expenses $8,097, net operating income $24,003. Projection based on raising rents to current market value. All are long term month to month tenants, currently paying rent that is way below market, with room for upside potential. Perfect for attorney, tax professional, chiropractor, insurance agent, etc. Let income from apartments cover your office expense or buy as an investment and earn an outstanding ROI. Conveniently located in the quaint Historic Pastures, short walk to downtown business district and Empire State Plaza.

PROPERTY TAXES

  • Listing ID: 13113131

  • Date on Market: 7/9/2018

  • Last Updated:

  • Address: 111 Green St, Albany, NY 12202