NOT LISTED FOR SALE
25 Beds
8 Baths
10,416 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: October 28, 2021

Last sale price $535,000 $51 Per Sq Ft

8 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating
  • Corner Lot
  • Forced Air Heating System

About This Home

As of October 2021

In an area undergoing gentrification, this 11 unit building consists of six 3+ bedroom apartments, two 3 bedroom apartments, two 2 bedroom, and one one bedroom apartment spread over 10,000+ square feet. The average rental rate is currently $650/apartment, leaving substantial upside as rents are brought in line with the substantially higher prices in the immediate area. Student housing is also possible, or make cosmetic improvements to really make the building shine. Apartments are separately metered for electric and gas, with modern forced hot air or hot water baseboard throughout and newer mechanicals. Most apartments have laminate or wood floors, with some carpeting as well. Add this cash generator to your portfolio today! (Must call LA for showing. No lock box. Fully Rented.) Good Condition

Last Agent to Sell the Property

Thomas Chenaille

Anchor Realty Services LLC License #10491211865 Listed on: 07/21/2021

Last Buyer's Agent

Jessica Celeone

KW Platform

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,830

Year Built

  • Built in 1929

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Cleared Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 10,416 Sq Ft Home
  • No Access to Attic

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Laminate
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Apartment Living Space in Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for gas, internet, cable TV, electricity, heat, hot water
  • The owner pays for snow removal, grounds care, trash collection
  • Legal Lot and Block 2 / 5
  • Assessor Parcel Number 381700 90.62-5-2

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Building Details

  • Insurance Expense $3,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,830

Year Built

Built in 1929

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Electric Expense: 401.0
  • Year Built: 1929
  • Directions: River St North of Hoosick St./ Rt 7, Corner of River and Bond.
  • Above Grade Finished Sq Ft: 10416.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.18
  • Lot Size: 7680 as per deed
  • Sale Detail Seller Contribution: No
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 11
  • Number of Separate Water Meters: 1
  • Electric Expense Description: Actual
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: Actual
  • Income: 87300.0
  • Income Description: Actual
  • Number of Refrigerators: 11
  • Unit Information Number Of Stoves: 11
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Linoleum, Wood, Vinyl
  • Basement: Unfinished, Apartment, Partial
  • Living Area: 10416.0
  • Owner Pays: Snow Removal, Grounds Care, Trash Collection
  • Attic Features: No Attic Access

Exterior Features

  • Roof: Rubber
  • Construction Type: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: None
  • Attached Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Forced Air, Hot Water
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Troy

Lot Info

  • Lot Features: Corner Lot, Cleared
  • Parcel #: 381700 90.62-5-2
  • Lot Size Sq Ft: 7840.8

Rental Info

  • Tenant Pays: Gas, Internet, Cable TV, Electricity, Heat, Hot Water

Multi Family

  • Insurance Expense: 3772.0
  • Number Of Units Total: 11

Tax Info

  • Tax Annual Amount: 18830.0
  • Tax Block: 5
  • Tax Lot: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Oct 28, 2021
Sold by
Gansberg Group Llc
Bought by
Seller's Agent
Thomas Chenaille
Anchor Realty Services LLC
Buyer's Agent
Jessica Celeone
KW Platform
List Price
$595,000
Sold Price
$535,000
Premium/Discount to List
-$60,000
-10.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2012
Sold by
821-825 Ventures Llc
Bought by
The Gansberg Group Llc

Purchase Details

Closed on
Dec 23, 2010
Sold by
821 River Llc
Bought by
821-825 Vengures Llc

Purchase Details

Closed on
Apr 3, 2003
Sold by
Schleicher Leonard
Bought by
Pir Realty Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$535,000 Fidelity National Title (Aka
The Gansberg Group Llc $255,000 Jamie Thomas
821-825 Vengures Llc $210,000 Jamie Thomas
Pir Realty Llc $155,000 Peter Reilly
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $413,363
Closed 821 825 River Street Llc $428,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $535,000 -10.1% $51 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $595,000 -- $57 / Sq Ft
Source: Global MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $11,677 $250,000 $7,500 $242,500
2024 $11,677 $250,000 $7,500 $242,500
2023 $11,544 $250,000 $7,500 $242,500
2022 $11,326 $250,000 $7,500 $242,500
2021 $2,847 $250,000 $7,500 $242,500
2020 $8,982 $390,000 $7,500 $382,500
2019 $12,756 $390,000 $7,500 $382,500
2018 $12,756 $390,000 $7,500 $382,500
2017 $12,698 $390,000 $7,500 $382,500
2016 $20,514 $390,000 $7,500 $382,500
2015 -- $390,000 $7,500 $382,500
2014 -- $390,000 $7,500 $382,500
Source: Public Records

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Map

Source: Global MLS

MLS Number: 202124179

Global MLS
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