255 Lark Street Albany, NY 12210
COMMERCIAL - Albany, NY
Property Features for 255 Lark Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Parking
- 5
- Standard status
- Pending
- APN
- 010100 76.23-3-15
- Size
- 2,824 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11491
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Building materials
- Brick
Listing agent Karen Zalewski-Wildzunas License #10301219752 (518) 858-4719
Listing office Berkshire Hathaway Home Services Blake 3 Winners Circle Suite 305, Albany, NY (518) 464-0870
Listing date Feb 12, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Albany’s Lark Street district, the property is surrounded by restaurants, retail, government offices, and residential density. The listing also notes convenient access to downtown and major routes, which can be helpful for tenant operations that rely on regular customer or client visits.
With a Commercial zoning designation, this building can support a range of office-oriented uses, whether you are planning an owner-user setup or exploring a multi-tenant arrangement. The combination of two connected structures and limited on-site parking can make the layout workable for tenants seeking local presence in a dense downtown business corridor.
Key Highlights
- Prime location in Albany's vibrant Lark Street district.
- Includes a detached rear annex, offering flexible space.
- Rare on‑site parking for five (5) vehicles.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $22.20 |
| − Vacancy | −$11.2k | −$3.95 |
| EGI | $51.5k | $18.25 |
| − OpEx | −$12.9k | −$4.56 |
| NOI | $38.7k | $13.69 |
