88 Madison Ave
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
Earl Vanze Co listed this property and runs its day-to-day operations — tenants, upkeep, and rent collection — so shareholders never carry the landlord workload themselves.
Due Diligence Documents
Offering Details
The Market
Albany offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (07/31/2026):
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Major items for July 2026:
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Revenue was $13,164.97 and operating expenses were -$9,205.39, resulting in NOI of $3,959.58.
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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.
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Financial detail:
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Cash Flow Snapshot (2026-07)
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Monthly Gross Rent: $13,164.97
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Repairs & Reimbursement: $0.00
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Other Revenue: $0.00
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Total Income: $13,164.97
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Escrowed Taxes & Insurance: -$850.87
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DAO LLC Admin Fee: -$62.50
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Property Management Fee: -$3,291.24
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Other Expenses: -$5,000.78
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Total Operating Expenses: -$9,205.39
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Net Operating Income (NOI): $3,959.58
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Retained Capital: -$197.98
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Net Operating Cashflow: $3,761.60
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Monthly Cash Position (2026-07)
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Actual July 31 position:
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Baselane bank cash (currently accessible): $3,846.31
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July 31 cutoff balance: $1,172.89
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Post-close net cash activity: $2,673.42
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ECO-held 88 Madison Ave cash: $0.00
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Recorded unpaid obligations: $8,004.12
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Due to ECO Systems LLC — DAO fees: $125.00
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Due to Legal, filing, or registration vendor — Legal fees: $687.50
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Due to ECO Systems LLC — PM fee: $7,191.62
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Spendable Baselane/ECO cash after recorded obligations (before Lofty OR): $0.00
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ECO Net DAO Funds (spendable cash held by ECO): $0.00
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Separate from spendable cash:
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Lofty operating-reserve ledger: $1,147.19 — cash held separately by Lofty, not by ECO.
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Accounts Payable to ECO - Pending DAO Governance: $2,316.82
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Baselane/ECO spendable cash and the Lofty operating-reserve ledger are shown separately; neither should be read as an approved distribution.
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If anything looks wrong, please DM @earlvanze on Discord or email ecosystemspm@gmail.com.
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Earl Co
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ECO Systems LLC
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Investor Reviews
N/A/5 (0 reviews)Investors haven't shared their experience with this property yet.
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