Mixed-Use Retail and
54 James Street Albany, NY 12207
COMMERCIAL - Albany, NY
Property size:
1,008 SFLot size:
0.01 AcresPrice / SF:
$272/SF- Added:
- Mar 23, 2026
- Days on Market:
- 110
- Last Refresh:
- Jul 10 at 1:06 pm
Property Features for 54 James Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- On Street
- Basement
- Unfinished, Interior Entry
- Standard status
- Active
- APN
- 010100 76.34-3-7
- Size
- 1,008 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7047
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating), Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Flooring type
- Vinyl, Tile, Hardwood
- Building materials
- Brick
- Roof type
- Rubber, Flat
Listing agent Brian A Amaral License #10301220733 (518) 250-9499
Listing office Kellie Kieley Realty LLC 1525 Western Ave, Ste. 2A, Albany, NY (518) 225-0454
Listing date Mar 23, 2026
MLS# 202613937
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.
This mixed-use property includes street-level commercial space and a second-floor one-bedroom apartment. The building is being delivered vacant beginning August 15, giving a new owner flexibility to set occupancy terms, occupy the commercial space, or operate a live/work setup. The commercial level includes existing restaurant infrastructure such as a built-in commercial kitchen hood, grease trap, and a private restroom, while remaining adaptable for other permitted uses such as retail, office, professional services, salon, or other commercial concepts.
The property is located directly across from Tricentennial Park in downtown Albany, in a walkable corridor. The listing notes convenient access to downtown businesses and restaurants, government offices, public transportation, and major highways, supporting both pedestrian activity and tenant convenience.
For investors or owner-occupants, the combination of a street-level commercial unit with a separate residential apartment can support a flexible operating model. The commercial space can be tailored to restaurant or service-oriented uses based on the existing kitchen and restroom setup, while the apartment provides the option for rental income or personal occupancy. The property is offered for sale AS-IS, and showings are by appointment only. Buyers are advised to perform their own due diligence.
The property is located directly across from Tricentennial Park in downtown Albany, in a walkable corridor. The listing notes convenient access to downtown businesses and restaurants, government offices, public transportation, and major highways, supporting both pedestrian activity and tenant convenience.
For investors or owner-occupants, the combination of a street-level commercial unit with a separate residential apartment can support a flexible operating model. The commercial space can be tailored to restaurant or service-oriented uses based on the existing kitchen and restroom setup, while the apartment provides the option for rental income or personal occupancy. The property is offered for sale AS-IS, and showings are by appointment only. Buyers are advised to perform their own due diligence.
Key Highlights
- Mixed‑use property across from Tricentennial Park, with street‑level commercial space plus a second‑floor 1‑bedroom apartment
- Commercial space includes built‑in commercial kitchen hood, grease trap, and private restroom; adaptable for permitted uses
- Street‑level commercial space and second‑floor 1‑bedroom apartment will be delivered vacant beginning August 15
Local Financial Insights For Specialty Retail
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 | $20.0k | $19.80 |
| − Vacancy | −$1.3k | −$1.33 |
| EGI | $18.6k | $18.47 |
| − OpEx | −$4.7k | −$4.62 |
| NOI | $14.0k | $13.86 |
1,008 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$199.5K
$174.6K – $232.8K
NOI $13,966 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$147.1K
$128.7K – $171.6K
NOI $10,297 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Razolution
Advertising Agency
Hungry Bites
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two-story mixed-use building with street-level commercial space and a second-floor one-bedroom, delivered vacant for your use.
Where is this single family property located?
The property is located at 54 James Street Albany, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Mixed‑use property across from Tricentennial Park, with street‑level commercial space plus a second‑floor 1‑bedroom apartment; Commercial space includes built‑in commercial kitchen hood, grease trap, and private restroom; adaptable for permitted uses; Street‑level commercial space and second‑floor 1‑bedroom apartment will be delivered vacant beginning August 15
