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USANYColonie1879 Central Ave
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1879 Central Ave, Colonie, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$659,900

4715

MLS® 202610677

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3450 sqft
Garage Yes
Taxes $7,362
Days Active 2
Lot Size 0.22 acres
Approx. Age 1956
Avg. Price Per Sqft $191
MLS® Number 202610677

Property Address: 1879 Central Ave, Colonie, NY, 12205-4208

Average square foot calculated using Size range provided by listing agent.

Description

Positioned along a high-visibility corridor in Colonie, this well-maintained mixed-use property delivers immediate cash flow with clear value-add upside. The asset features two street-level commercial spaces with long-term tenants, four one-bedroom apartments, one studio apartment, and a three-bay garage, all supported by ample off-street parking, a rare combination in this location! The building has been consistently rented, reflecting durable tenant demand. Current rents are below market, presenting a compelling opportunity for an investor to drive NOI through strategic rent optimization while maintaining stability. The roof was replaced approximately ten years ago and the studio was recently renovated. Total annual rents currently total $61, 920 with yearly expenses around $15, 000 making the NOI approx $46, 920 and a 7.1% Cap rate! Coin Laundry washer and dryer on Premises!
MLS® Number202610677
Laundry Level
Central VacNo
FireplaceNo
Acreage0.22
Exterior
GarageYes
Approx. Age1956
BasementWalk-Out Access
DrivewayPaved
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 15, 2026List Date
$659,900List Price
  • Commute

Commute

Starting Address
Destination Address
1879 Central Ave, Colonie, NY

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