706 MADISON Avenue

706 MADISON Avenue
Albany, New York 12208 United States

$940,000
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**Please check w/ LBO for possible changes in co-op compensation. Beautifully restored historic mansion converted into a mixed-use office/apartment building. High ceilings, hardwood floors, original fireplaces/mantels. Fully occupied w/ 5 parking...
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Select Sotheby's International Realty

Phone: 518.580.8500
.19 Acres
Exterior
Multi-Family Home
201603967
Web Id
201603967
MLS ID
Albany City - South Central
Subdivision
ALBANY CITY SCHOOL DISTRICT
School District
274
days ago

About 706 MADISON Avenue

**Please check w/ LBO for possible changes in co-op compensation. Beautifully restored historic mansion converted into a mixed-use office/apartment building. High ceilings, hardwood floors, original fireplaces/mantels. Fully occupied w/ 5 parking spaces in rear. Office tenant MTM but interested in extending lease.Owner has not committed to a lease since it could be owner-occupied. Packaged w/ 702 Madison, the as-is NOI represents a 7.65% cap rate. Offered separately at $425,000. Financials on request.

Listing Courtesy of NAI Platform LLC

PROPERTY INFORMATION

Cooling 
Y
Heating 
GHW
Parking Description 
Private
Sewer 
Yes
Water 
Municipal

EXTERIOR

Construction 
Masonry
Roofing 
Shingle