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Office Building with Clinic Use
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1 Albany, Schenectady, NY 12345

Large-format office property associated with State of NY and VA clinic operations.

Property Size51,060 SF
Days on Market143

Property Features for 1 Albany

General Information

Standard status Active
Size 51,060 SF
Property subtype Office

Additional Details

Cap Rate 9.9%
Listing Agency: Bilt Commercial Real Estate Services
Listed By: Brandon Hakimi · License #NY 10401328279
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 3:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bilt Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This office building comprises 51,060 SF and is identified for State of NY and VA clinic use. The property is presented as a commercial office asset with a reported 9.90% CAP rate, offering a substantial footprint for institutional or administrative operations. Additional building specifications, tenant details, and site information are not included in the available property record.

Key Highlights

  • 51,060 SF office building
  • Reported 9.90% CAP rate
  • Identified for State of NY and VA clinic use

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Acupuncture HVAC Service (Bike/Boat/Book/etc) Store Florist Butcher Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,235
Businesses Nearby

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Large-format office property associated with State of NY and VA clinic operations.
Where is this office building located?
The property is located at 1 Albany Schenectady, NY.
What are key features of this property?
This property features: 51,060 SF office building; Reported 9.90% CAP rate; Identified for State of NY and VA clinic use
More about this property
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