Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    54 State St Albany, NY 12207

    For Lease
    $1.00 SF/Yr ($12,500 /Mo)

    Class A office space in downtown Albany's premier location.

    Property size:
    150,000 SF
    Lot size:
    150,000 SF

    Property Features for 54 State St

    General Information

    Size
    150,000 SF

    Source: Pyramidbrokerage Agent Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Albany Class A Office

    Class A office space is available in a premier downtown location. Suites range in size from 1,000 to 16,000 square feet, with full floor options available. The property features upgraded finishes, multiple fiber optic providers, and views. An upgraded HVAC system is in place, and furnished suites are available. A state-of-the-art fitness center is located on the premises. This property is suitable for office use, fitness centers, gyms, and sports and entertainment purposes.
    Location Intelligence

    Current Use by Public Records

    Lippes Mathias LLP Law Firm O'Connell & Aronowitz PC: ... Personal Injury Attorney Omni Fitness Center Fitness Center Albany County Dental ... Dentist Greenberg Traurig, LLP Law Firm

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -73.7517697
    Latitude
    42.6489936

    Nearby Similar for Lease

    • $3,650 /Mo
      12,000 SF

      Colonie Office Space For Lease

      Multiple suites available in high-traffic Colonie location.
      1735 Central Ave, Colonie, NY 12205
      View Details
    • $16 SF/Yr
      116,741 SF

      Prime Albany Office Space Available

      Highly visible office space for rent in Albany, New York.
      1971-73 Western Ave, Albany, NY 12203
      View Details
    • $3,000 /Mo
      77,972 SF

      Mixed-Use Building Near University at Albany

      Multi-tenant retail/office building near UAlbany with easy highway access.
      35 Fuller Rd, Albany, NY 12205
      View Details
    • $15 SF/Yr
      331,056 SF

      Albany Commercial Building For Lease

      Freestanding building with high visibility and flexible layout for lease.
      1865 Central Ave, Albany, NY 12205
      View Details
    • $2,200 /Mo
      2,908 SF

      Retail Space with Private Parking

      1700 sq ft retail space with parking in Albany.
      1316 Central Ave, Albany, NY 12205
      View Details
    • $2,200 /Mo
      13,894 SF

      Loudonville Plaza Commercial Lease Space

      Prime mixed-use space suitable for retail, office, or professional services.
      260 Osborne Rd, Loudonville, NY 12211
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office space in downtown Albany's premier location.
    Where is this office building located?
    The property is located at 54 State St Albany, NY.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Premier downtown location; - Class A space with upgraded finishes; - Suites available from 1,000 to 16,000 sf (full floor)
    (518) 694-4720
    Request Owner's contact information
    54 State St Albany, NY 12207
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    54 State St
    Albany, NY 12207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    54 State St Albany, NY 12207
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.