Outstanding Investment or Perfect Owner Occupant Opportunity on Historic Remsen St in Cohoes
Fully occupied and income producing this remarkable 3 story brick mixed use building delivers over a 10% cap rate which is a rare find in todays market The property generates strong returns with commercial space on the first floor a spacious residential unit on the second floor and a thriving short term rental on the top floor making it both a turnkey investment and an ideal option for an owner occupant looking to step into a vibrant thriving property
Fully renovated inside and out the building blends modern updates with timeless character The first floor offers 1500 sq ft of prime commercial space The second floor features a spacious updated 3 bedroom apartment with hardwood floors The top floor is a luxury 2 bedroom 2 bath unit with exposed brick high end finishes and a private balcony currently operating successfully as an Airbnb Each unit has separate utilities
Recent upgrades include new windows doors roof coating garage and basement Located in the heart of a walkable district surrounded by shops dining and cultural attractions Remsen St comes alive all summer with weekly concerts and events while being just minutes to Albany and Saratoga
This is not just real estate it is a fully stabilized revenue generating property with incredible upside in one of the Capital Regions most historic and revitalized neighborhoods
Property Type(s):
Multi Family
|
Last Updated
|
8/30/2025
|
Year Built
|
1958
|
|
Garage Spaces
|
1.0
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
Central Air, ductless |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Brick |
| EXTERIOR |
Other |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Electric, Natural Gas |
| INTERIOR |
Built-in Features, Walk-In Closet(s) |
| LOT |
2178 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| LOT DIMENSIONS |
0.05 |
| PARKING |
Garage |
| SEWER |
Public Sewer |
| TAXES |
9223.82 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Downtown |
| WATER |
Public |
Location
This listing courtesy of Gucciardo Real Estate LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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