259 Lark St is a $1,899,000, 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
Lot Description - Corner
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