3-11 Elberon Pl
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3-11 Elberon Pl
16 Unit Apartment Building $2,600,000 ($162,500/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 |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $2,600,000 | Building Class | B |
| Price Per Unit | $162,500 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 18,463 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,600,000 |
| Price Per Unit | $162,500 |
| 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) |
| R2B (Commercial) |
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3-11 Elberon Pl
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