86 Remsen Street Active Save Request In-Person Tour Request Virtual Tour
Cohoes,NY 12047
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,532 sqft
Price per Sqft $132
MLS Listing ID 202524920
Bedrooms 5
Full Baths 4
Year Built 1958
Annual Tax Amount $9,223
Lot Size 2,178 Sqft
Property Sub-Type Triplex
Property Description
Outstanding Investment or Perfect Owner Occupant Opportunity on Historic Remsen St in Cohoes
Fully occupied and income producing this remarkable 3 story brick mixed use building delivers over a 10% cap rate which is a rare find in todays market The property generates strong returns with commercial space on the first floor a spacious residential unit on the second floor and a thriving short term rental on the top floor making it both a turnkey investment and an ideal option for an owner occupant looking to step into a vibrant thriving property
Fully renovated inside and out the building blends modern updates with timeless character The first floor offers 1500 sq ft of prime commercial space The second floor features a spacious updated 3 bedroom apartment with hardwood floors The top floor is a luxury 2 bedroom 2 bath unit with exposed brick high end finishes and a private balcony currently operating successfully as an Airbnb Each unit has separate utilities
Recent upgrades include new windows doors roof coating garage and basement Located in the heart of a walkable district surrounded by shops dining and cultural attractions Remsen St comes alive all summer with weekly concerts and events while being just minutes to Albany and Saratoga
This is not just real estate it is a fully stabilized revenue generating property with incredible upside in one of the Capital Regions most historic and revitalized neighborhoods
Location
State NY
County Albany
Zoning Mixed
Interior
Heating Electric,Natural Gas
Flooring Ceramic Tile,Hardwood
Fireplaces Number 1
Fireplaces Type Electric
Exterior
Exterior Feature Other
Parking Features Garage
Garage Spaces 1.0
Roof Type Flat,Rubber
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Schools
School District Cohoes
Others
Acceptable Financing Assumable
Listing Terms Assumable
Special Listing Condition Standard