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Updated 7 months ago on . Most recent reply

Mary june Martillo's profile image
Mary june Martillo's profile image
Mary june Martillo
  • Real Estate Agent
  • from Ozone Park, New York
  • Member since Jun 14, 2014
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Mary june Martillo's profile image
Mary june Martillo's profile image
Mary june Martillo
  • Real Estate Agent
  • from Ozone Park, New York
  • Member since Jun 14, 2014
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Mary june Martillo
  • Real Estate Agent
  • Ozone Park, NY
8
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Starting Out

albany ny

Mary june Martillo
  • Real Estate Agent
  • Ozone Park, NY
Posted

I am a newbie. I wanted to buy a multifamily house in Albany NY.I just need an advice where is the good area to invest in Albany? I saw so many multifamily for sale under $100 thousand in 12209, but not sure if it is a good catch. Rental is around $650 minimum.

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Ahmad H.'s profile image
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Ahmad H.
  • Rental Property Investor
  • from New York, NY
  • Member since Nov 25, 2013
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Ahmad H.'s profile image
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Ahmad H.
  • Rental Property Investor
  • from New York, NY
  • Member since Nov 25, 2013
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Ahmad H.
  • Rental Property Investor
  • New York, NY
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Ahmad H.
  • Rental Property Investor
  • New York, NY
Replied

@Mary june Martillo I own properties in the vicinity and I agree with Shane about the different neighborhoods. In 12209 you want to be on Delaware Ave or preferably west of it. 12208 is the area around Albany Med/Law schools which has a lot of good neighborhoods but prices are higher and cap rates are low.

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