16-22 Trinity Place, Albany, NY 12202 | 202217234 | HUNT Real Estate

16-22 Trinity Place $995,000


    16-22 Trinity Place Albany, NY 12202

    • 16 Beds
    • 15 Baths
    • 11,750 sq. ft.
    • Multi-Family
    • MLS# 202217234
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    Views: 28 Days On Site: 92

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    Property Details

    BIDS STARTING August 8th - https://www.ten-x.com/listing/16---22-trinity-pl-albany-ny-12202/1000016480/Incredible opportunity to own 15 units with potential to value add a 16th unit in one of the buildings close to downtown and the Capital for just under 1M! Nine units are 2B/1BA and the remaining six are 1BD/1BA. Priced at a 8.77% cap with potential to increase rents to fair market value and reach a 10.51% cap and 18.76% cash on cash return. Walking distance to bus stop, street parking is never an issue, and the property includes ample parking in the back. All ROPs up to date.

    • General Features
      • Special Listing Conditions Standard
      • Property Sub Type Multi Family
      • County Albany
      • Tax Annual Amount $24,436
      • Year Built 1880
    • Building Features
      • Above Grade Finished Area 11,750
      • Architectural Style Apartment 4 Plus Unit
      • Attic Features None
      • Basement Finished
      • Construction Materials Brick
      • Heating Baseboard, Electric
      • Patio And Porch Features Deck
      • Roof Flat
      • Exterior Features Error: ClassID in tblMLSFieldPropertyType is null.
      • Flooring Vinyl
      • Foundation Details Brick/Mortar
      • Garage Spaces 0.00
    • Property Features
      • Waterfront Y/N No
      • Sewer Public Sewer
      • Number Of Units Total 15
      • Separate Utilities Electric,Heat,Water Heater
      • Parking Features Parking Total 10.00
      • Association Y/N No
      • Lot Size Acres 0.2
      • Parking Features Paved
      • Water Source Public
    • Schools
      • School District Albany
      • High School Albany



    12202 (Albany) Demographics

    36 Median Age
    3,419 Population Density (per sq. mile)
    40% College Educated
    $33,542 Estimated Median Income
    699 Estimated Total Home Owners
    3,262 Estimated Total Renters
    18% / 82% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,753 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    6 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $995,000
        5/9/2022 11:02:00 AM New in Database Source: Multiple Listing Service New Value: $995,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.