Home Listings 259 Lark St

259 Lark St Albany, NY 12210-1105

$1,899,000
MLS #201824917
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    Property Details

    Over 7% Cap Rate on remarkable, one of a kind investment opportunity with fully rented building & its own parking lot. Gross rents $159,840. Net after expenses $134,265. Four luxurious 2 bedroom apartments plus first floor retail space under long term lease (the acclaimed Rain Restaurant). Entire building 100% renovated in 2016 with high quality finishes. All tenants to remain. Common Utilities, water & sewer, trash removal & maintenance pd by 1st fl tenant. NEVER VACANT! Landlord only pays taxes.

    Listing Courtesy of: Howard Hanna

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    Shelley Passero-Yerdon

    Shelley Passero-Yerdon Licensed Real Estate Broker and Owner Cell Phone: 518.774.6668

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    Features

    • Bedrooms Unit 2: 2
    • Bedrooms Unit 3: 2
    • Bedrooms Unit 4: 2
    • County: Albany
    • Estimated Taxes: $18,675
    • Parking Spaces: 18
    • Property Style: 5 Family
    • Town: Albany
    • Year Built: 1950

    Map

    -- Listings provided by the Eastern New York Regional Multiple Listing Service (ENYRMLS) --
    -- Information Is Deemed Accurate, But Not Guaranteed --

    Arlene M. Sitterly, Inc.