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Listed by Pavel Karakalchu • Gucciardo Real Estate LLC

$ 599,000

Est. payment -/mo

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Active

86 Remsen Street Cohoes, NY 12047

5 Beds

4 Baths

4,532 SqFt

UPDATED:

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

HOA Y/N No

Year Built 1958

Annual Tax Amount $9,223

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Triplex

Source Global MLS

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

Direction I-787 N, left on to Ontario St, right on to Remsen Street, 100 ft. building on left side

Interior

Interior Features Walk-In Closet(s), Built-in Features

Heating Electric, Natural Gas

Flooring Ceramic Tile, Hardwood

Fireplaces Number 1

Fireplaces Type Electric

Fireplace Yes

Exterior

Exterior Feature Other

Parking Features Garage

Garage Spaces 1.0

Roof Type Flat,Rubber

Porch Other

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Schools

School District Cohoes

Others

Tax ID 010300 10.59-1-21

Acceptable Financing Assumable

Listing Terms Assumable

Special Listing Condition Standard

Inglenook Realty, Inc.

Broker | License ID: 109931319

+1(518) 882-6236

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