Multifamily, USA, Albany, NY, Lofty
Property Type : Multifamily
Condition : Active
Price per Token : $68.97
Return Cash (exp) ? : 21.75%
Return IRR (exp) ? : 26.45%
Minimum Investment : 1 Token
Total Property Size : 3032 sqft
Total Property Value ? : $372,750

 

Fourplex in Downtown Albany, NY. Each of the four units are rented separately on Airbnb, VRBO, and more.

Details


This property is a historically significant building situated in The Pastures Historic District, a residential area noted for its remarkable architectural heritage and contribution to Albany’s urban narrative.
This particular address is listed on the National Register of Historic Places and reflects a slice of American history, encapsulated in the fabric of its construction and the succession of its ownership. Built in a period when Albany was undergoing significant growth, the building at 88 Madison Avenue stands as a testament to the Federal style, indicative of the early 19th-century architectural preferences. View Historical Certificate.
The Pastures Historic District itself is a testament to Albany’s rich past, with many buildings dating back to the 18th and 19th centuries. The property at 88 Madison Avenue, with its storied past including ownership by Henry Beekman and occupation by Lewis Benedict, contributes to the narrative of Albany’s development from a colonial town to a modern city.
Great location near Albany Medical Center, Times Union Center, Empire State Plaza, Library, Lark Street, State Offices, courts; easy access to local & regional bus routes and highways (I-787, I-90 & I-87).
New York Plans to Invest $1 Billion to Expand Chip Research in Albany. Click here to read more.
New furniture and appliances have just been installed in the units.

 

 

 

 

 

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