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    50 State St Albany, NY 12207

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    For Lease
    $16 SF/Yr ($5,000 /Mo)

    Downtown office building with views, near Capitol and court houses.

    Property size:
    3,750 SF
    Lot size:
    0.09 Acres

    Property Features for 50 State St

    General Information

    Size
    3,750 SF
    Lot size
    0.09 Acres

    Source: TITAN Commercial Realty Group Agent Todd J Drowlette

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

    Overview

    Downtown Office Building For Rent

    This downtown office building features ample windows with views. It is a short walk to The Capitol and court houses. The building offers a marble foyer, key fob entry with security cameras, and parking one block away controlled by the building owner for an additional cost. It is suitable for any professional office use and has on-site, professional property management. Two floors are available, each offering 3,750 square feet. Elevators are fob controlled. Parking is available one block away in a surface lot. The asking price is $16.00 per square foot gross plus utilities and an increase in Base year NNN’s. NNN’s are $3.25 per square foot, including cam at $1.06, insurance at $0.48, and tax at $1.71.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chase Bank Bank AIA Eastern New ... Architects Association Chase ATM Atm Conway, Donovan, & Manley, ... Attorney

    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
    -73.7516042
    Latitude
    42.6489639

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    FAQs

    What type of property is this?
    Office building - Downtown office building with views, near Capitol and court houses.
    Where is this office building located?
    The property is located at 50 State St Albany, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location, short walk to The Capitol and court houses.; - Two floors available, each 3,750 square feet.; - On-site, professional property management.
    (518) 400-0668
    Request Owner's contact information
    50 State St Albany, NY 12207
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    Albany, NY 12207
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    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
    50 State St Albany, NY 12207
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