Seller's Agent in 2023
Samantha Curry
New Scotland Realty
(518) 964-2066
2 in this area
134 Total Sales
16 Trinity Place Albany, NY 12202
Mansion Area NeighborhoodEstimated Value: $218,000 - $1,133,000
15
Beds
15
Baths
11,750
Sq Ft
$41/Sq Ft
Est. Value
Highlights
- 0.2 Acre Lot
- No HOA
- Baseboard Heating
- Finished Attic
- Bathroom on Main Level
- 4-minute walk to Franklin St. Park
About This Home
As of June 2023Incredible opportunity to own 15 units with potential to value add a 16th unit in one of the buildings close to downtown and the Capital. Nine units are 2B/1BA and the remaining six are 1BD/1BA. Walking distance to bus stop, street parking is never an issue, and the property includes ample parking in the back. All ROPs up to date including sprinkler inspection. Many units vacant (12) and walkable with ample opportunity for new owner to raise rents and upside potential of 11% cap and 20% cash on cash return. Make your mark in the Capital Region with this new asset today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,436
Year Built
- Built in 1880
Lot Details
- 8,712 Sq Ft Lot
- Vinyl Fence
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 11,750 Sq Ft Home
- Vinyl Flooring
- Apartment Living Space in Basement
- Finished Attic
Bedrooms and Bathrooms
- 15 Bedrooms
- Bathroom on Main Level
- 15 Full Bathrooms
Parking
- 10 Parking Spaces
- Open Parking
Schools
- Albany High School
Utilities
- Baseboard Heating
- Electric Baseboard Heater
Community Details
- No Home Owners Association
- 15 Units
Listing and Financial Details
- Tenant pays for hot water, heat, electricity
- Assessor Parcel Number 010100 76.49-4-46
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 23, 2022
Closed on
Jun 1, 2023
Sold by
207 Philly Holdings Llc
Bought by
Bellix Holding Llc
Seller's Agent
Samantha Curry
New Scotland Realty
Buyer's Agent
Anne Cabral
Berkshire Hathaway HomeServices Blake
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%
Total Days on Market
27
Views
84
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$439,805
Avg. Annual Appreciation
-29.15%
Original Mortgage
$190,525
Interest Rate
6.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 12, 2019
Sold by
16 Trinity Place Llc
Bought by
207 Philly Holdings Llc
Purchase Details
Closed on
Mar 28, 2016
Sold by
Blm Properties Llc
Bought by
16 Trinity Place Llc
Purchase Details
Closed on
Jun 17, 2011
Sold by
Villa Lance
Bought by
Blm Properties Llc
Purchase Details
Closed on
Apr 8, 2011
Sold by
Federal National Mortgage Association
Bought by
Villa Lance
Purchase Details
Closed on
Mar 28, 2011
Sold by
Federal National Mortgage Association
Bought by
Villa Lance
Purchase Details
Closed on
Apr 15, 2010
Sold by
Menne Kirk D
Bought by
Countrywide Bank Fsb
Purchase Details
Closed on
Aug 8, 2009
Sold by
Countrywide Bank Fsb
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Dec 28, 2007
Sold by
Souza Dennis W
Bought by
Menne Krik D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,687
Interest Rate
6.75%
Purchase Details
Closed on
Apr 17, 2006
Sold by
Trinity L & Ten Broeck Co Rp
Bought by
Sovca Dennis W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,546
Interest Rate
6.4%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bellix Holding Llc | $925,000 | Legacy Title | |
| 207 Philly Holdings Llc | $153,000 | None Available | |
| 16 Trinity Place Llc | $110,000 | None Available | |
| Blm Properties Llc | -- | None Available | |
| Villa Lance | $33,000 | -- | |
| Villa Lance | $33,000 | None Available | |
| Countrywide Bank Fsb | $154,500 | None Available | |
| Federal National Mortgage Association | -- | None Available | |
| Menne Krik D | $206,500 | Richard P Renzi | |
| Menne Kirk D | $206,500 | None Available | |
| Sovca Dennis W | $184,729 | Candice Panichi | |
| Souza Dennis W | $185,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bellix Holding Llc | $251,250 | |
| Closed | Bellix Holding Llc | $190,525 | |
| Closed | Bellix Holding Llc | $190,525 | |
| Previous Owner | Menne Kirk D | $154,687 | |
| Previous Owner | Souza Dennis W | $138,546 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2023 06/09/23 | Sold | $925,000 | -2.6% | $79 / Sq Ft |
| 12/20/2022 12/20/22 | Pending | -- | -- | -- |
| 11/23/2022 11/23/22 | For Sale | $950,000 | -- | $81 / Sq Ft |
Source: Global MLS
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $5,085 | $247,000 | $49,400 | $197,600 |
| 2023 | $5,085 | $129,000 | $25,800 | $103,200 |
| 2022 | $4,972 | $129,000 | $25,800 | $103,200 |
| 2021 | $4,961 | $129,000 | $25,800 | $103,200 |
| 2020 | $4,894 | $129,000 | $25,800 | $103,200 |
| 2019 | $5,079 | $129,000 | $25,800 | $103,200 |
| 2018 | $4,906 | $129,000 | $25,800 | $103,200 |
| 2017 | $2,494 | $129,000 | $25,800 | $103,200 |
| 2016 | $5,379 | $129,000 | $25,800 | $103,200 |
| 2015 | $3,894 | $135,000 | $38,100 | $96,900 |
| 2014 | -- | $50,000 | $38,100 | $11,900 |
Source: Public Records
Agents Affiliated with this Home
-
Samantha Curry
-
A
Buyer's Agent in 2023
Anne Cabral
Berkshire Hathaway HomeServices Blake
Map
Source: Global MLS
MLS Number: 202230462
APN: 010100-076-049-0004-046-000-0000
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