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Downtown Office Building
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111 Washington Ave, Albany, NY 12210

Office building with multi-zone air handling, covered parking, and remote-monitored fire alarm system.

Property Size2,368 SF
Days on Market559

Property Features for 111 Washington Ave

General Information

Standard status Active
Size 2,368 SF
Property subtype OFFICE

Amenities

covered parking
café on premises
fire alarm system with remote monitoring
card access system
computerized controlled Energy Management System
multiple fiber optic providers
multi-zone air handling units
perimeter fan coil units
2 passenger elevators
Listing Agency: Picotte Companies
Listed By: Tim McGuire
Source: Moodyscre
Added: Jan 18, 2025 Changed: Jul 26 Last Checked: Jul 30 at 2:23PM

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 Picotte Companies

Investment Insights

Based on property information with market context.

This downtown office building is equipped with multi-zone air handling units and perimeter fan coil units, along with a fire alarm system with remote monitoring. Building access is controlled via card access, supported by a computerized controlled Energy Management System. The property also includes a café on premises and is supported by a full-time Superintendent overseeing property needs.

Positioned in Capital Hill, the building is less than a block from the Capitol and Empire State Plaza, with ample covered parking available. It is served by multiple fiber optic providers and includes two passenger elevators.

Overall, the building offers a managed office environment with the key building systems and services tenants typically require for day-to-day operations.

Key Highlights

  • Office building located less than a block from the Capitol and Empire State Plaza in downtown Albany
  • Multiple multi‑zone air handling units and perimeter fan coil units
  • Computer‑controlled Energy Management System plus multiple fiber optic providers

Property Analytics

Current Use

The Business Council of New ... Business Service Center Dickinson & Avella PLLC Consultant Harding Mazzotti, LLP Law Firm Railroads of New York Freight Service Life Insurance Council ... Government Office

Suggested Use

Top Pick Building Supply Skin Care Clinic Furniture & Home Goods Carpet & Flooring Store Electrical Service Pet Grooming Service

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,462
Businesses Nearby

Demographics for 12210, NY

10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value

Market

Lease Benchmarks for Albany, NY

$16.26 /SF/Yr
Avg Asking Price
$0.52–$22.66 /SF/Yr
Price Range
79,894 SF
Avg Space Size

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 - Office building with multi-zone air handling, covered parking, and remote-monitored fire alarm system.
Where is this office building located?
The property is located at 111 Washington Ave Albany, NY.
What are key features of this property?
This property features: Office building located less than a block from the Capitol and Empire State Plaza in downtown Albany; Multiple multi‑zone air handling units and perimeter fan coil units; Computer‑controlled Energy Management System plus multiple fiber optic providers
(518) 465-4747 Call to check price and availability
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