285 Lark St Albany, NY 12210
Hudson Park NeighborhoodEstimated payment $3,860/month
Highlights
- City View
- Deck
- Cathedral Ceiling
- 0.08 Acre Lot
- Living Room with Fireplace
- 4-minute walk to Washington Park
About This Home
Back On the Market! Great opportunity to owner occupy or add to your investment portfolio with CAP RATE 8.1%. until 11/1/25 when after a rental increase the cap rate with be 9.1%This historical brick brownstone offers 3 units that are all over 1000 square feet. Great views, floor to ceiling windows, lots of natural light. Basement unit has 2 bedrooms and 1 bathroom. Lots of storage, laundry in unit, large kitchen.
Unit 2 has 2 bedrooms and 2 full bathrooms, laundry area, lots of storage and a deck off of the second bedroom. Unit 3 has 2 bedrooms, 2 full bathrooms and a large dining area. All units have working gas fireplaces. Hardwood floors throughout. All units have separate utilities. Owner pays electric/internet for 1st Floor Unit only. Parking is available behind the building if tenants wish to purchase a parking permit. See Profit/Loss in Docs
Listing Agent
Coldwell Banker Prime Properties License #30WA0495870 Listed on: 08/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,366
Year Built
- Built in 1854
Lot Details
- 3,485 Sq Ft Lot
- Wood Fence
Home Design
- Triplex
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 4,400 Sq Ft Home
- 3-Story Property
- Built-In Features
- Cathedral Ceiling
- Paddle Fans
- Living Room with Fireplace
- 3 Fireplaces
- City Views
Flooring
- Wood
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Bathroom on Main Level
- 5 Full Bathrooms
Basement
- Fireplace in Basement
- Apartment Living Space in Basement
- Laundry in Basement
Outdoor Features
- Deck
- Front Porch
Schools
- Albany High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Electric Baseboard Heater
- 220 Volts
Listing and Financial Details
- The owner pays for snow removal, grounds care
- Legal Lot and Block 55.000 / 3
- Assessor Parcel Number 010100 76.23-3-55
- Seller Concessions Offered
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Insurance Expense $2,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,366 | $649,000 | $129,800 | $519,200 |
| 2023 | $9,567 | $221,000 | $44,200 | $176,800 |
| 2022 | $9,425 | $221,000 | $44,200 | $176,800 |
| 2021 | $9,406 | $221,000 | $44,200 | $176,800 |
| 2020 | $8,376 | $221,000 | $44,200 | $176,800 |
| 2019 | $8,701 | $221,000 | $44,200 | $176,800 |
| 2018 | $8,374 | $221,000 | $44,200 | $176,800 |
| 2017 | $3,803 | $221,000 | $44,200 | $176,800 |
| 2016 | $8,122 | $221,000 | $44,200 | $176,800 |
| 2015 | $7,910 | $205,300 | $41,100 | $164,200 |
| 2014 | -- | $205,300 | $41,100 | $164,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | For Sale | $499,898 | 0.0% | $114 / Sq Ft |
| 07/13/2025 07/13/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | Price Changed | $499,898 | -12.3% | $114 / Sq Ft |
| 10/08/2024 10/08/24 | For Sale | $569,898 | -- | $130 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $325,000 | -- | |
| Warranty Deed | $325,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,000 | Credit Line Revolving | |
| Open | $308,750 | Purchase Money Mortgage | |
| Closed | $308,750 | Purchase Money Mortgage | |
| Previous Owner | $145,000 | New Conventional |
Source: Global MLS
MLS Number: 202427008
APN: 010100-076-023-0003-055-000-0000
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