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3 Watervliet Avenue Ext
Albany, NY 12206
Asking Price
$8.00M
Asset Type
Hotel Retail
Class
Class B
What's Special
Retail | 115,305 SqFt <ul><li>Located Immediately off I-90 Everett Road Exit 5 on/off Ramp</li><li>90,124 AADT: Exceptional I-90 Exposure</li><li>+/-5.40 Acres</li><li>300 On-Site Surface Parking Spaces</li><li>Originally Constructed in 1972 / Renovated in 2016</li><li>Nine (9) Stories</li><li>Two (2) Passenger Elevators</li><li>Fully Sprinklered</li><li>Full Restaurant & Bar with over 10,000 SF of Meeting and Event Space</li><li>Indoor and Outdoor Pools</li><li>Zoned MU-CH: Community Highway</li><li>Form
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NOI
$80,000
Cap Rate
1.00%
DSCR
0.17
Underwater
Cash-on-Cash
-16.46%
Monthly Payment
$39,579.635
Annual Cash Flow
$-394,955.621
