14 Rapp Road
About This Property
Located on a one-way residential street with traffic-calming speed bumps, the property offers convenient access to the University at Albany, Crossgates Mall, Crossgates Commons, SUNY Polytechnic Institute, hospitals, shopping, dining, and major highways.
The home requires some TLC and is being sold as-is. Bring your ideas and transform this property into something special.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2026 | Sold | ||
| Sold | |||
| Jul 26, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Listed by Vera Cohen Realty LLC | $199,000 | |
| Listed by Vera Cohen Realty LLC | |||
| Dec 18, 2025 | Price Decreased |
$725,000
↓ $275K
(27.5%) | |
| Price Decreased | |||
| Oct 31, 2025 | Listed | $1,000,000 | |
| Listed | |||
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Incredible Commercial Opportunity in Prime Albany Location! This listing includes 14, 16, and 18 Rapp Rd, totaling 1.28 acres of highly visible and accessible land located just off Washington Ave Ext and minutes from Crossgates Mall, I-87, and I-90. Zoned Commercial/General Business (GB), this property supports a wide variety of development options including retail, office, mixed-use, medical, or hospitality. The existing home at 14 Rapp is a tear-down, giving way to a clean redevelopment slate. With major national retailers, hotels, and offices nearby, this site is perfectly positioned to capitalize on high traffic and area growth. Municipal utilities available at the street. A true investment in Albany's future—bring your site plan and start building!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017