125 JEFFERSON ST

Estimated Monthly Payment: $9,576/mo 125 JEFFERSON ST, Albany, NY 12210 MLS# 202013717 3 Family + Listing Status: Active
3
11,340 sqft
165
99
0
0

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.

OVERVIEW:

3 Family +
Active
Albany City-SE (114)
Apartment 4+ Units
11340
Brick
Hot Air
Electricity
Central Air
Public
Public

ROOM INFO:

3
Full

SCHOOLS:

Albany

FINANCIAL:

$2,100,000

Broker Reciprocity This listing courtesy of New Scotland Realty  518-545-3136

 

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