Overview
Description
**Rare Opportunity: Award-Winning 4-Unit in Historic Ten Broeck Triangle**
Experience a blend of 19th-century elegance and modern peace of mind at 79 Ten Broeck Street. Originally built in 1872 for James Martin, this stately brick brownstone stands as a testament to Albany’s rich architectural history and has been meticulously maintained to the highest standards.
**Property Highlights**
Proven Quality: Recipient of the *2019 Historic Albany Foundation Preservation Initiative Award* for its comprehensive and thoughtful rehabilitation.
Safety & Infrastructure: Fully updated with a complete sprinkler system throughout the building–a rare and valuable safety feature for historic multi-families.
Meticulous Interiors: The building is in excellent shape, featuring soaring ceilings, exposed brick walls, and beautifully refinished original wide-plank wood floors that radiate character.
Turn-Key Operation: Home to great, reliable tenants who care for their spaces. The property is truly ”plug and play” for a savvy investor or an owner-occupant looking for a sophisticated urban lifestyle.
Investment Potential
While the property is currently fully leased and generating steady income, the rents are currently below market value. This provides a clear path for immediate equity growth and increased cash flow through strategic adjustments.
Location: The Historic Ten Broeck Triangle
Nestled in one of Albany’s most charming and historic districts, 79 Ten Broeck is just steps away from:
* The vibrant dining and entertainment of Downtown Albany and the Palace Theatre.
* Easy commutes to the Capitol, SUNY Albany, and major hospital hubs.
Whether you are looking to expand your portfolio with a trophy asset or start your investment journey, this building offers the perfect marriage of historic soul and modern mechanical reliability.
Don’t miss the chance to own a piece of Albany’s history. Contact Craig Cioffi today.
- Principal and Interest
- Property Tax
- HOA fee