Vacant commercial ground level space with six updated fully rented residential apartments!
$799,900
31-33 North Pearl Street, Albany, NY 12207
96,323
NOI
8,556 sqft
Building Size
Details:
Description:
The building sale includes a newly renovated, vacant commercial space, ready for immediate owner occupancy or leasing opportunities. The commercial floor plan features new concrete floors, sheetrock, paint, drop ceilings, electrical, and lighting. The space can be easily converted to accommodate various needs, including commercial kitchen equipment, retail, or office space. Six updated residential apartments on above three floors, featuring a mix of one and two-bedroom units. Each apartment is fully rented. Conveniently located near restaurants, state buildings, hotels, and key city attractions such as the MVP Arena, the Palace Theater, Albany NanoTech Complex, and the new, upcoming National Semiconductor Technology Center. Seller has retired after 50+ years in commercial business. Monthly Rental Income: Commercial Space(vacant)- $3300/mo (Estimated), APT 2A (2 Bedroom)- $1350/mo, APT 2B (Studio)- $500/mo, APT 3A (2 Bedroom)- $1225/mo, APT 3B (1 Bedroom)- $1100/mo, APT 4A (2 Bedroom)- $1225/mo, APT 4B (1 Bedroom)- $1150/mo. $9850/mo Estimated Total. Rent Roll upon request. All tenants are current. Leases end in 2024 and 2025. ROPs & sprinkler system are current August 2024.
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31-33_N_Pearl_St_Notes__1_.pdf
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31-33_N_Pearl_St_Notes__1_.pdf
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31_33_N_Pearl_Street__1_.jpg
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Location
Gallery
