Listing Agency: Thrive Realty And Property Management a***@pyramidbrokerage.com Show Phone

Listed By: Pyramid Brokerage Albany · License #BR629386000 Show Phone

Source: Pyramidbrokerage

Added: Sep 25, 2025 Changed: Jul 6 Last Checked: Aug 21 at 5:40AM

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Investment Insights

Based on property information with market context.

This property offers a 1150 square foot second-floor office space within a professional building located in Shaker Park West. An additional 500 square foot space is available on the first floor. The location provides abundant parking and is in close proximity to amenities such as a deli, banking facilities, a fitness center, and daycare services.

Key Highlights

• 1150 sf second floor space in professional building
• Abundant Parking
• Close proximity to deli, banking, fitness and daycare

Property Analytics

Property Profile

Current Use

Flowserve Corporation Industrial Manufacturer Jacobson Richard Law Firm Brown & Brown Recreational ... Insurance Agency Turning Point Condominiums Condominium Complex Kobyshu, Inc. Business Management Consultant

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Grocery & Convenience Store Storage Facility Garden Center

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

$2.09 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

668

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Albany, NY

$13.96 /SF/Yr

Avg Asking Price

$1.12–$30 /SF/Yr

Price Range

51,205 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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Second-floor office space in Shaker Park West professional building.

Where is this office units located?

The property is located at 423 New Karner Road Albany, NY.

What is the lease rate?

The lease rate is $13.95 SF/Yr.

What are key features of this property?

This property features: 1150 sf second floor space in professional building; Abundant Parking; Close proximity to deli, banking, fitness and daycare