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    337 Central Ave Albany, NY 12206

    For Sale
    $1,800,000

    COMMERCIAL - Other - Albany, NY

    Property size:
    10,310 SF
    Lot size:
    0.16 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 337 Central Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Mixed
    APN
    010100 65.54-5-67
    Parking features
    On Street
    Basement
    Unfinished
    Size
    10,310 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Forced Air, Steam
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Howard Hanna Real Estate Services (518) 348-7100 [email protected]

    Listing agent Jessica L Richer License #10301202070

    Listing date Nov 17, 2025

    Copyright © 2025 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.

    Overview

    Albany Mixed-Use Commercial Portfolio

    This mixed-use property is located in the heart of the Albany Central Avenue Business District, at the intersection of Central Avenue, Quail Street, and Sherman Street. The property includes a 16-room SRO (Single Room Occupancy), a 3-bedroom apartment, a leased bar, five commercial retail units, and a vacant lot. The commercial portfolio operates at a 9 Cap Rate. The property has a size of 10310 square feet and is situated on a 0.16-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.772735
    Latitude
    42.665697

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Albany's Central Avenue Business District.
    Where is this mixed-use property located?
    The property is located at 337 Central Ave Albany, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - High-yield commercial portfolio with an impressive 9% Cap Rate.; - Diverse income streams from SRO, apartment, leased bar, and retail units.; - Prime location in the heart of the Albany Central Avenue Business District.
    (518) 364-7406
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    337 Central Ave Albany, NY 12206
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    Albany, NY 12206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    337 Central Ave Albany, NY 12206
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