584 Albany Turnpike Road

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584 Albany Turnpike Road

Chatham, NY 12136
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 Chatham.
  • The residential asset features a total of three units.
  • Located at 584 Albany Turnpike Road in New York.
  • Property sits within the broader Columbia County residential market.
  • Suitable investment for those seeking small-scale residential holdings.

What's Special

This multifamily property at 584 Albany Turnpike Road in Chatham, NY, is available for sale and serves as a functional addition to an investment portfolio. The asset consists of 3 residential units, offering a straightforward income-producing opportunity for real estate investors focused on stable suburban residential markets. Chatham maintains a steady local economy within Columbia County, characterized by a mix of residential housing and regional commerce that benefits from its proximity to larger hubs in the Capital District and the Hudson Valley. This property aligns well with long-term hold strategies or as a smaller-scale acquisition for those seeking a manageable footprint in a quiet residential setting. Given the current composition of the building, the units provide reliable space suitable for local tenants seeking housing in this established community. Its position in the upstate New York region makes it a practical choice for investors prioritizing consistent occupancy within a historically stable market environment.

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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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