Assignment
Assignable Contract — 3BR Single Family, ~$155,000K Equity · Albany, NY
39 N Pearl St, Albany, NY · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units2
Beds / baths8 / 2.5
Living area4,075 sqft
Lot0.33 acres
Year built1961
About this deal
Assignable purchase contract on a 3-bed, 2.0-bath single-family home located at 39 N PEARL ST, Albany, NY. Contract price $405,000. Assignment fee is pre-negotiated and already priced in. Comps support solid post-rehab value — an equity play with minimal work required.
The numbers
- Cap rate
- 6.1%
- Net operating income
- $27,252/yr
- Cash flow
- +$2,271/mo
- Occupancy
- 1 of 2 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.