113 Clinton Street

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113 Clinton Street

Albany, NY 12209
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Albany
  • Asset features two total units within the structure
  • Located within the capital city of New York State
  • Suitable for residential rental income or owner-occupant use
  • Positioned in a dense urban residential market sector

What's Special

This multifamily apartment building at 113 Clinton Street is currently for sale, presenting an entry-level investment for those looking to expand a residential portfolio in Albany, New York. The property consists of two units, offering a manageable scale for investors targeting small-scale rental income or owner-occupant strategies. Albany serves as a significant economic hub for the Capital District, anchored by the state government and a diverse base of healthcare and educational institutions. With consistent demand for housing in this urban environment, the location provides steady access to local services and regional transit corridors. The structure is well-positioned for buyers seeking a straightforward asset in a stable submarket. Its layout accommodates reliable long-term residential occupancy, making it a functional addition to a broader real estate strategy focused on core urban density.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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