Multifamily income properties are the goal of many investors who seek to secure short term income flow and long term appreciation. In assessing the value of a property the Buyer must examine the revenues and expenditures in a critical and detailed fashion. The magic number to these investors is “cap rate,” the return on capital. Where an investor buys a property outright the cap rate is the net income (revenue minus expenses), divided by the cost of the property. Where an investor borrows to buy the property, whether from a bank the seller or other source the calculation of this rate becomes more complex. A knowledgeable Buyer’s Agent can prove indispensable in purchasing income property.
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Albany County Multifamily Properties
Albany County is at the center of New York’s Capital District which includes the surrounding counties of Schenectady, Rensselaer, Washington and Saratoga. The bulk of this area is made up of the Albany-Schenectady-Troy Metropolitan Statistical Area (MSA). The area’s 2010 population was 870,716, the 4th largest MSA in New York and the 58th largest in the country. As of the census of 2010, Albany County had 304,204 people, 124,682 households with average household income of $42,935 and per capita income of $23,345. The population of the City of Albany was 97,856.
To search by county or price use the search bars below this text. Displayed below those bars are our newest multifamily properties. To view the properties in price order select price on the bar to the right. They will be displayed, highest price first.
In addition to our listings here you may want to consult the MLS (multiple list system) listings.
Searching these MLS systems directly is far superior to using general search sites such as Trulia, Zillow, and Realtor.com, or sites maintained by brokers such as Weichert, Coldwell Banker or Century 21. By going to the multiple list systems directly you get the most detailed and up-to-date information available in that specific area.
To search Albany County New York real estate listings of our MLS Partners click on the appropriate links in the left margin of this page. For Albany County New York real estate first try the Capital Region MLS. For the Southern part of the County also try the Columbia-Greene-Northern Dutchess MLS. For listings to the East County also try the Berkshire County MLS. Then call us with listing numbers. We can provide you with additional information about specific Albany New York real estate listings. We can show you any listing in these different MLS systems. We are members of all of them – a true Regional Broker.
If you have already contracted with an exclusive listing or buying agent that agent will be responsible for advising you and assisting in the negotiation of the sale. While Sellers are almost always represented by an exclusive agent, the trend toward Buyers retaining an exclusive agent is relatively new in New York State. For more information call 800-398-8802.
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