140 jefferson ST Call Listing Agent, NY 12210
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 880964
Bedrooms 7
Full Baths 4
Rental Info No
Year Built 1816
Annual Tax Amount $11,960
Property Sub-Type Quadruplex
Source onekey2
Property Description
The unit mix includes a spacious 3-bedroom, a 2-bedroom, and two 1-bedroom apartments—all with well-proportioned bedrooms and great natural light. A perfect investment opportunity: all tenants are current on rent, and the 3-bedroom and one of the 1-bedrooms can be delivered vacant for owner occupancy or market-rate leasing. This turnkey property is a rare blend of historic character and modern convenience—ideal for investors or live-in owners seeking cash flow and long-term value.
The properties are located in historic Hudson Square, which is centrally located with easy access to the state government buildings, Albany Medical Center, several parks, and the active bar/ restaurant scene on Lark Street. This area has a high demand for rentals, and demands high rent prices.
Income and Expense Numbers:
Expenses (we self manage):
Taxes: $11,960
Insurance: $2,542
Vacancy (5%): $4,185
Cap X (2.5%): $2,092
Trash: $600
PLP: $840
Water: $1,000
Total Expenses: $23,219
Income: $83,700
Net: $60,481
Location
State NY
County Albany County
Interior
Interior Features First Floor Bedroom, Beamed Ceilings
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplaces Type Decorative
Fireplace No
Exterior
Fence Back Yard
Utilities Available See Remarks
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Wood Siding
Others
Senior Community No
Special Listing Condition None
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.
If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.