Colonie, NY Apartment Buildings for Sale

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Rensselaer, NY East Greenbush, NY Glenmont, NY

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Updated: Apr 6

Mixed-Use Property Near Albany Med

261 New Scotland Avenue, Albany, NY 12208

$499,800

3,720 sqft · 0.07 AC lot

Mixed‑use property on Albany’s New Scotland Ave with 4 occupied apartments plus an iconic street‑level restaurant space
Apartment unit mix: 1 studio and 3 one‑bedroom units; rents include $475 (studio), $875/$925 (2nd floor 1BR), and $725 (1st floor 1BR)
Utilities: electric heat with each unit separately metered
Water and sewer services are public (public water and public sewer)
Roof materials include asphalt and rubber; exterior materials include aluminum siding and brick

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This listing looks promising.

Here's a quick look at some key insights for

261 New Scotland Avenue, Albany, NY 12208

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$44K
Annual
Mortgage

$600K
Recorded
Last Sold

Jan 2024
$400K
Property Type

Commercial Office/Residential (Mixed Use)
Built 1950

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Updated: Jun 9

Mixed-Use Building with Retail Frontage

260 Washington Avenue, Albany, NY 12210

$2,600,000

25,530 sqft · 0.22 AC lot

14 apartments plus 1 large retail space with frontage on Washington Avenue
Completely renovated 11 years ago and currently fully rented
Apartments include hardwood floors, granite, dishwashers, and private in‑unit laundry
Each unit has its own natural gas furnace and central air, with hot water heater and electric panel
Shared lounge or gym space and tenant storage rooms both up and down

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Multifamily Apartment Building

518 Hudson Avenue, Albany, NY 12203

$599,000

3,000 sqft · 0.21 AC lot

Small multifamily with seven units, off-street parking, and a mix of one- through four-bedroom apartments.

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Updated Brick 6-Unit Apartment Building

190 S Allen Street, Albany, NY 12208

$825,000

3,536 sqft · 0.14 AC lot

Remodeled six two-bedroom homes in a solid brick building with separate utilities and electric baseboard heat.

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Mixed-Use Property in Center Square

418 Madison Avenue, Albany, NY 12210

$449,900

3,300 sqft · 0.02 AC lot

Mixed-use property with commercial space and apartments in Albany, NY.

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Albany Multifamily Property on Washington Avenue

166 Washington Avenue, Albany, NY 12210

$599,900

4,588 sqft · 0.05 AC lot

Well-maintained Albany property near downtown, employers, and universities.

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Mixed-Use Building with Street Retail

197 Lark Street, Albany, NY 12210

$759,900

3,160 sqft · 0.04 AC lot

Mixed-use property with street-level retail space and three residential units above, plus a rare two-car garage.

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Mixed-Use Building in Center Square

197 Lark Street, Albany, NY 12210

$759,900

4,360 sqft · 0.04 AC lot

Mixed-use property with commercial space and residential units.

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Mixed-Use Building with Storefront

397 Clinton Avenue, Albany, NY 12206

$389,000

2,640 sqft · 0.07 AC lot

Mixed-use property featuring a commercial storefront and residential units.

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Renovated Mixed-Use Apartment and Retail

260 Washington Avenue Unit 260, Albany, NY 12210

$2,600,000

Completely renovated building with 14 apartments and a ground-floor retail space with frontage on Washington Avenue.

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Three-Story Apartment Building

29 2nd Street, Albany, NY 12210

$1,100,000

6,600 sqft

Three-story brownstone with 19 rental units plus parking and a three-car garage.

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Downtown Albany Mixed-Use Investment

82 N Pearl Street, Albany, NY 12207

$1,190,000

10,085 sqft

Fully leased, renovated mixed-use building in downtown Albany.

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Mixed-Use Office Building

1032 Central Avenue, Albany, NY 12205

$475,000

1,721 sqft

Two-story building with a ground-floor office and an apartment above, supported by on-site parking for occupants.

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Mixed-Use Building on New Scotland

261 New Scotland Avenue, Albany, NY 12208

$499,800

3,720 sqft

Mixed-use property with apartments and restaurant near Albany Med.

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Albany Student Housing Portfolio

10 Benson St, Albany, NY 12206

$10,500,000

Fully leased, turnkey student housing portfolio in Albany's Pine Hills.

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Bar, Music Venue with Apartments

335 Central Avenue, Albany, NY 12206

$399,900

3,016 sqft · 0.04 AC lot

Established bar and music venue with two apartments above.

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Land in Warehouse District

25 Erie Boulevard, Albany, NY 12204

$1,500,000

1,500 sqft

Land for sale in a high-visibility warehouse district.

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Thirteen Tenant Plaza For Sale

644 Loudon Road, Colonie, NY 12110

$3,900,000

15,375 sqft

Thirteen tenant plaza with retail and apartment units.

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Mixed-Use Residential and Retail Building

260 Washington Ave, Albany, NY 12210

$2,600,000

25,530 sqft

Renovated building with 14 apartments and a retail space fronting Washington Avenue, plus an unfinished basement for potential buildout.

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Turnkey Restaurant with Apartments Above

465 Madison Avenue, Albany, NY

$489,000

3,200 sqft

Mixed-use property featuring a restaurant and two apartments for sale.

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Mixed-Use Property in Pine Hills

891 Madison Avenue, Albany, NY 12208

$389,000

0.17 AC lot

Versatile mixed-use property with retail, office, and residential potential.

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Mixed-Use Property With Established Business

265 S Pearl Street, Albany, NY 12202

$350,000

2,320 sqft · 0.03 AC lot

Mixed-use property featuring a coffee shop and residential apartment.

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Albany Multifamily Property For Sale

84 WINTHROP Avenue, Albany, NY 12203

$264,800

2,924 sqft · 0.11 AC lot

Clean three-family property near shopping, hospitals, and colleges.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 23 Active Listings in Colonie, NY

Colonie, NY Apartment Buildings Market Trends and Statistics

Explore 23 apartment buildings for sale in Colonie, NY, showcased through 23 active listings on our real estate platform. These investment opportunities span a total of 185,460 square feet of properties for sale, with an estimated market value of $25,854,800.

Sale prices for two-family homes in Colonie, NY start at $195,000, averaging $1,034,192, and reaching up to $3,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 56K

Population Growth (5Y) -4.3%

Median Household Income $84,320

College Educated 66.4%

High-Yield Neighborhoods for Investment

Identify Colonie submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Albany	$659.9K
Latham	$3.9M

Listings Trend

New vs delisted commercial listings in Albany County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Albany County

Retail

Residential Income

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