257-259 Lark St, Albany, NY 12210-1105

$1,899,000
MLS #201820920
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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. Retail space under long term lease (the acclaimed Rain Restaurant) with 4 luxurious 2 bedroom apartments. 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.

Map View

Features:

  • County: Albany
  • Estimated Taxes: $18,675
  • Heating System: Gas Forced Air
  • Parking Spaces: Private
  • Present Use: Apartment Plus, Restaurant, Mixed Use
  • Sewer: Yes
  • Square Feet: 6370
  • Stories: 2
  • Town: Albany
  • Water: Municipal
  • Year Built: 1951
Listing Courtesy of: Howard Hanna

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