← 90 Madison Ave, Albany, NY 12202 · All properties

DESCRIPTION-FULL-2026-04-12 - Recovered 095532df - 90 Madison Ave, Albany, NY 12202.md

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**Duplex in Downtown Albany, NY. Both units are rented separately as short-term rentals.** ## Offering Details - [Earl Co](https://loftyassist.com/profiles/eco) transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC. - Tokens represent direct ownership in the LLC that owns the property. Earl will maintain at least 10% ownership in the LLC indefinitely. - View proof of Earl's ownership prior to th

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**Duplex in Downtown Albany, NY. Both units are rented separately as short-term rentals.**

## Offering Details
- [Earl Co](https://loftyassist.com/profiles/eco) transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
- Tokens represent direct ownership in the LLC that owns the property. Earl will maintain at least 10% ownership in the LLC indefinitely.
- View proof of Earl's ownership prior to the title transfer and proof of title transfer [here](https://www.dropbox.com/scl/fi/hjfufer1py8ipbwitmokt/Warranty-Deed-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=fpi7yscpn70qkggf1d4iksnid&st=iwrzc8bm&dl=0). View the LLC documents [here](https://www.dropbox.com/scl/fo/7rs75i6nbum077mq2fh6j/AI3DfVNIyM-4szN_qiNDKDc?rlkey=r9i84nf7wp0u04irbfgufzayy&st=h0pix5e1&dl=0).
- Earl is a Superhost on Airbnb and manages the property. [View Earl's Airbnb Superhost profile](https://www.airbnb.com/users/show/44434571)

## Property Details
- Renovated townhouse with two units rented separately on Airbnb, VRBO, Earlbnb.com, Google Vacation Rentals, and more.
- This property is a historically significant building situated in The Pastures Historic District, a residential area noted for its remarkable architectural heritage and contribution to Albany's urban narrative.
- The Pastures Historic District itself is a testament to Albany's rich past, with many buildings dating back to the 18th and 19th centuries. The property at 88 Madison Avenue, with its storied past including ownership by Henry Beekman and occupation by Lewis Benedict, contributes to the narrative of Albany's development from a colonial town to a modern city.
- Great location near Albany Medical Center, Times Union Center, Empire State Plaza, Library, Lark Street, State Offices, courts; easy access to local & regional bus routes and highways (I-787, I-90 & I-87).
- New York Plans to Invest $1 Billion to Expand Chip Research in Albany. Click [here](https://www.nytimes.com/2023/12/11/technology/new-york-chips-act-albany.html) to read more.
- Earl has provided a credit to pay for 100% of the repair costs of any "Major Defect and/or Safety Hazards" mentioned in the Inspection Report.
- The "Utilities" expense in the "Financials" tab includes software & apps, cleaning, rental supplies, repairs, and utilities. See the [YTD Profit & Loss Statements](https://www.dropbox.com/scl/fo/tg4b3vfzzb2lq6epohee3/AN7LwZ5GbFXZ_Mnnm7Yd-NY?rlkey=vsz0m5a0ss9fi0bllb3gggjyb&dl=0) for more details.
- [View public Airbnb metrics via Hospitable](https://share.hospitable.com/metrics/7fbf01ed-dd53-4d29-9f6e-60be718281e1)
- [View public Airbnb reviews via Hospitable](https://share.hospitable.com/metrics/9343ec45-c83f-4964-b24b-c569b5519bf2)
- [View the Year-to-date P&L](https://www.dropbox.com/scl/fi/8d9qxje0m8qha7kqqpr8l/P-L-90-Madison-Ave-Albany-NY-12202.xlsx?rlkey=bkd8lcejkz851dcchpc792b26&st=ep09uupo&dl=0)
- [View direct booking website](https://earlbnb.com/)
- [View Maintenance Log](https://docs.google.com/spreadsheets/d/1pxDWSGpQJs4SeOVxK5NRGlKnXI0qWlV_ulo1ewKGzkM/edit?usp=sharing)

## Property Management and Insurance
- Managed by the seller, Earl Co, a Superhost on [Airbnb](https://www.airbnb.com/users/show/44434571)
- Earl is a Superhost on Airbnb with 6 years of hosting experience, 2,200 reviews, and an overall rating of 4.74/5 stars. He will continue to manage the property after selling a portion of his equity. [Click here](https://www.airbnb.com/users/show/44434571) to view Earl's Superhost profile on Airbnb.
- [Property Management Agreement](https://www.dropbox.com/scl/fi/yxd32jgycks770vuv6ku3/Property-Management-Agreement-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=xdf7qdp9w6372qqugirghtu20&st=8tcfgeqj&dl=0)
- [Insurance Policy](https://www.dropbox.com/scl/fi/hdpb9he5fxh6c0mrfxczx/Insurance-Policy-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=cpcjc7nx24gsmc9f7won4b2tv&st=knf43k2l&dl=0) from State Farm

![Airbnb](https://www.dropbox.com/scl/fi/a038w2q1ddqnh8y1nphfw/Earl_Airbnb_Profile.png?rlkey=9aytmu7olz8obgozyvmdjbaw8&st=ou3b0305&raw=1)

## Property Leverage
- This property has a loan balance of $181,650.26 as of 11/07/2025. View the loan documents [here](https://www.dropbox.com/scl/fi/9025ri1ril6cp7w42973o/Loan-Agreement-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=owdnjo02saftzl81jfuue29cu&st=h8045yuq&dl=0).
- As the seller, [Earl Co](https://www.airbnb.com/users/show/44434571) pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

## Occupancy Status
- Entire Duplex (5bd / 4ba)
    - [Airbnb listing](https://www.airbnb.com/rooms/1061814091773376272)
- Unit 1 (1bd / 1ba)
    - [Airbnb listing](https://www.airbnb.com/rooms/735879623743921266)
- Unit 2 (4bd / 3ba)
    - [Airbnb listing](https://www.airbnb.com/rooms/1005978346817864540?source_impression_id=p3_1729183339_P3ONmEag1F57c1Z1)

## Location Data
- "B+" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/12202/)

## Due Diligence Documents
- [HouseCanary Property Valuation Report](https://www.dropbox.com/scl/fi/7calsrjhx2qjh5pl61twj/Property-Valuation-Reports-May-2024-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=sihwk5c7k0qqfowblt0gb8y8u&st=0yyfaccg&dl=0)
- [Appraisal](https://www.dropbox.com/scl/fi/s6z2u6vwyc9vijtksxa0u/Appraisal-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=sttfa7uirwiio2yzafoiz27y7&st=kyy8n8rg&dl=0)
- [Inspection Report](https://www.dropbox.com/scl/fi/u70u52rhsd6fnj1pj2zrr/Inspection-Report-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=khtd9zxqb0gj2599xppze66tn&st=buvt5cbe&dl=0)
- [Warranty Deed](https://www.dropbox.com/scl/fi/hjfufer1py8ipbwitmokt/Warranty-Deed-90-Madison-Ave-Albany-NY-12202.pdf?rlkey=fpi7yscpn70qkggf1d4iksnid&st=iwrzc8bm&dl=0)
- [Airbnb YTD Transaction History](https://www.dropbox.com/scl/fo/cpdld0i1pa3rsug2egzu6/AKgYijmqUqpYKced17SZqko?rlkey=mjqol3uat946w4tzex5s2oakl&dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/rldg1wu4uzpzrd2yexcsz/Operating-Agreement-Strawberry-LFTY402-DAO-LLC-1.pdf?rlkey=zy944qmd5qeon5ix9narg2d0z&st=3f86v55a&dl=0)
- [View All Documents](https://www.dropbox.com/scl/fo/a0b5v90f5i01wo2wfmtg4/AHCe3ipAqlKMRN3PAd2FK4g?rlkey=fx4mi6exan6fw1ca01udg3n7y&st=309myrqn&dl=0)
- [View All Updates](https://www.loftyassist.com/properties/01HXSY49VNK797SFEEJ5FQAB7B)