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125 Jefferson St Albany, NY 12210

$2,100,000
  • Baths
  • Multi-Family
  • MLS # 202013717
Listing Provided By: New Scotland Realty

Contact Daniel Davies

Contact Daniel Davies

NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net

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Property Details

  • Town: Albany
  • Property Type: Multi-Family
  • Estimated Taxes: $2,507
  • Property Style: 2999
  • County: Albany

Remarks

The infamous "Tillerman" property which once acted as an old fire station and has undergone substantial commercial rehab is ready for the next owner to extend and maximize the opportunity for the building. Zoned as "Mixed-use, neighborhood edge," the bottom front half of the building houses two commercial spaces ready to rent, market rents generating a projected $3,500/month. Upstairs are two modern luxury apartments that yield $3,750/mo. Finishing the renovations in the remaining two 1st floor spaces would allow for a projected 13k in gross revenue a month. All new electrical, HVAC, and roof. Approx. 6.7% cap. Please only serious inquiries.

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