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88 Madison Ave, Albany, photo 1
88 Madison Ave, Albany, photo 2
88 Madison Ave, Albany, photo 3
88 Madison Ave, Albany, photo 4
88 Madison Ave, Albany, photo 5

88 Madison Ave

88 Madison Ave

Albany, NY 12202

Vacation Rental
Airbnb listing
Share price$29.00
Avg yield—
Current yield0%
CommunityDiscuss this property with investors and the property manager

About

Fourplex in downtown Albany with all four units operated as short-term rentals across Airbnb, VRBO, and other platforms. The property is located in the Pastures Historic District and is listed on the National Register of Historic Places, reflecting early 19th-century Federal-style architecture. The building at 88 Madison Avenue has historical ties to figures such as Henry Beekman and Lewis Benedict. The property is located near Albany Medical Center, MVP Arena, Empire State Plaza, Lark Street, and major highways including I-787, I-90, and I-87. New furniture and appliances have recently been installed in all units.

Property Management

S&P Property Management, LLC

Founded in October 2025, S&P Property Management, LLC is a member-managed PM business run by discord users "LaPlebDeLaPleb" & "The Scout". LaPlebDeLaPleb and The Scout bring a combined 13 years of experience investing in capital markets and 6 years of active engagement within the Lofty ecosystem. Their complementary expertise spans professional lending, financial consulting, the design and delivery of online courses and workshops, hospitality operations, and logistics management.

About this offering

Total Property Value$375,750
Equity
$196,088.98
Debt
$179,661.02
Closing Costs (incl. inspection & appraisal)$22,200
LLC Formation$550
Operating Reserve
-$855.7

The Market

Albany, NY

As the capital of New York, Albany benefits from a large and stable base of state government jobs, along with Albany Medical Center and several colleges, including the University at Albany. Historic brownstone neighborhoods, Washington Park, and the Empire State Plaza give the city real character, while I-87, I-90, and Amtrak service to New York City keep it well connected. That steady employment base has long supported consistent rental demand.

Property Updates

UpdateJul 31, 2026
  • Major items for July 2026:

  • Revenue was $13,164.97 and operating expenses were -$9,205.39, resulting in NOI of $3,959.58.

  • Below NOI, the ledger records Retained Capital of $197.98; Net Operating Cashflow after these items was $3,761.60. Lofty's live NOI may differ because its Other Expenses/Utilities presentation can include these below-the-line items.

  • Financial detail:

  • Cash Flow Snapshot (2026-07)

  • Monthly Gross Rent: $13,164.97

  • Repairs & Reimbursement: $0.00

  • Other Revenue: $0.00

  • Total Income: $13,164.97

  • Escrowed Taxes & Insurance: -$850.87

  • DAO LLC Admin Fee: -$62.50

  • Property Management Fee: -$3,291.24

  • Other Expenses: -$5,000.78

  • Total Operating Expenses: -$9,205.39

  • Net Operating Income (NOI): $3,959.58

  • Retained Capital: -$197.98

  • Net Operating Cashflow: $3,761.60

  • Monthly Cash Position (2026-07)

  • Actual July 31 position:

  • Baselane bank cash (currently accessible): $3,846.31

  • July 31 cutoff balance: $1,172.89

  • Post-close net cash activity: $2,673.42

  • ECO-held 88 Madison Ave cash: $0.00

  • Recorded unpaid obligations: $8,004.12

  • Due to ECO Systems LLC — DAO fees: $125.00

  • Due to Legal, filing, or registration vendor — Legal fees: $687.50

  • Due to ECO Systems LLC — PM fee: $7,191.62

  • Spendable Baselane/ECO cash after recorded obligations (before Lofty OR): $0.00

  • ECO Net DAO Funds (spendable cash held by ECO): $0.00

  • Separate from spendable cash:

  • Lofty operating-reserve ledger: $1,147.19 — cash held separately by Lofty, not by ECO.

  • Accounts Payable to ECO - Pending DAO Governance: $2,316.82

  • Baselane/ECO spendable cash and the Lofty operating-reserve ledger are shown separately; neither should be read as an approved distribution.

  • If anything looks wrong, please DM @earlvanze on Discord or email ecosystemspm@gmail.com.

  • Earl Co

  • ECO Systems LLC

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Share price

$29.00