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Albany Apartment Buildings for Sale
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FAQs about Apartment Buildings for Sale in Albany
How many Apartment Building listings are available for sale in Albany?
Currently, there are 17 Apartment Building listings for sale near Albany, NY. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Albany?
The average price per square foot for Albany apartment buildings for sale is about $177.
When available, the price of these buildings in Albany, NY varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Albany, NY varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Albany?
The average size of apartment buildings for sale in Albany, NY is approximately 14,361 SF. The largest building available is 62,000 SF and the smallest is 1,488 SF.
What is the average cap rate for Multi-family Properties in Albany?
Cap rates for apartment buildings in Albany, NY typically range between 6% and 10.9%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Albany?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Albany, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Albany, NY.
Depending on the location within the city of Albany, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Albany, NY.
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