259 Lark St is a $1,999,000, 7,808 square foot, 8 bedroom, 5.0 bath home located in Albany, NY.
Over 7% Cap Rate on remarkable, one of a kind investment opportunity with fully rented building & its own parking lot. Gross rents $159,840. Net after expenses $134,265. Four luxurious 2 bedroom apartments plus first floor retail space under long term lease (the acclaimed Rain Restaurant). Entire building 100% renovated in 2016 with high quality finishes. All tenants to remain. Common Utilities, water & sewer, trash removal & maintenance pd by 1st fl tenant. NEVER VACANT! Landlord only pays taxes.
|Above Grade Sqft||7,808|
Handicap Access - Yes
Heat System - Hot Air
Heat Fuel - Natural Gas
|# Parking Spaces||18|
Unit Owner Furnishes (Income) - Parking
Exterior - Brick
Condition - Excellent
Lot Description - Corner
Based on information from the Greater Capital Association of REALTORS, last updated 09/24/2018 at 09:39pm MDT. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website.