Updated about 1 year ago on . Most recent reply
albany ny
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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@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.