3-11 Elberon Pl
16 Unit Apartment Building $2,500,000 ($156,250/Unit) Albany, NY 12203
INVESTMENT HIGHLIGHTS
- Modern Renovation
- Very Walkable - next to Washington Square Park
- Brick Building
- Parking Lot with Off Street Parking
- Contiguous Buildings
EXECUTIVE SUMMARY
Package deal, 3, 5, 7, 9 and 11 Elberon beautiful brick row house. Each building right next to each other on this street. Amazing investment, renovations completed and tenant occupied. Coin op washer/dryer in the basement of each building. Vinyl plank flooring, designer finishes, super modern, and a great location make this an ideal investment property. Steps to beautiful Washington Park, local colleges, and some units have a view of the pond! Tax Map Data 3 Elberon 65.70-1-51 5 Elberon 65.70-1-52 7 Elberon 65.70-1-53 9 Elberon 65.70-1-54 11 Elberon 65.70-1-55
3 Elberon Pl (3BD/1BA):
1 - Occupied -1,450.00
2 - Occupied - 1,500.00
3 - Occupied - 1,500.00
5 Elberon Pl (4BD/1BA):
1 - Occupied - 2,000.00
2 - Occupied - 1800.00
3 - Occupied - 1,900.00
7 Elberon
1 - 4BD/1BA - Occupied - 1,700.00
2F - 1BD/1BA - Occupied - 1,100.00
2R - 2BD/1BA - Occupied -1,100.00
3 - 4BD/1BA - Occupied - 1,800.00
9 Elberon (4BD/1BA)
Unit 1 - Occupied - 2,000.00
Unit 2 - Occupied - 1,800.00
Unit 3 - Vacant - 1,800.00
11 Elberon Pl
Unit 1 - Vacant - 2,000.00
Unit 2 - Vacant - 1,950.00
Unit 3 - Occupied - 1,600.00
3 Elberon Pl (3BD/1BA):
1 - Occupied -1,450.00
2 - Occupied - 1,500.00
3 - Occupied - 1,500.00
5 Elberon Pl (4BD/1BA):
1 - Occupied - 2,000.00
2 - Occupied - 1800.00
3 - Occupied - 1,900.00
7 Elberon
1 - 4BD/1BA - Occupied - 1,700.00
2F - 1BD/1BA - Occupied - 1,100.00
2R - 2BD/1BA - Occupied -1,100.00
3 - 4BD/1BA - Occupied - 1,800.00
9 Elberon (4BD/1BA)
Unit 1 - Occupied - 2,000.00
Unit 2 - Occupied - 1,800.00
Unit 3 - Vacant - 1,800.00
11 Elberon Pl
Unit 1 - Vacant - 2,000.00
Unit 2 - Vacant - 1,950.00
Unit 3 - Occupied - 1,600.00
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Net Operating Income | - | - |
PROPERTY FACTS
Price | $2,500,000 |
Price Per Unit | $156,250 |
Sale Type | Investment |
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.06 AC |
Building Size | 18,463 SF |
No. Stories | 3 |
Year Built/Renovated | 1890/2020 |
Parking Ratio | 1.08/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Basement
- Double Pane Windows
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
3+1 | 16 | - | - |
1 of 1
Walk Score®
Very Walkable (87)
ZONING
Zoning Code | R2B (Commercial) |