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

    282 Hamilton St Albany, NY 12210

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,500,000

    1.5-acre development site in Albany's Center Square neighborhood.

    Lot size:
    1.50 Acres

    Property Features for 282 Hamilton St

    General Information

    Lot size
    1.50 Acres

    Source: NAI Platform Agent William "Felton" McLaughlin

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

    Overview

    Albany Development Site For Sale

    This 1.5-acre development site is located in Albany's Center Square neighborhood, across from Robinson Square and Empire State Plaza. The property is currently operating as a fully leased 210-car parking lot. It is zoned R-M and MU-NE, which allows for 4-story multi-family development. Dimensional standards in both zones should allow for approximately 196 new multi-family units. The sloping site should enable parking under the new structure(s).
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7629732
    Latitude
    42.6506595

    Nearby Similar for Sale

    • $290,000
      Pending

      Remodeled Two-Family Home, Albany

      Remodeled two-family home in Colonie location with modern amenities.
      14 Orford St, Albany, NY 12205
      View Details
    • $2,800,000
      10,000 SF

      Albany Mixed-Use Investment Opportunity

      Four buildings with a bar, apartments, and commercial space.
      162-168 Jeffferson St, Albany, NY 12210
      View Details
    • $324,900
      Pending

      Albany Two-Family Home with Parking

      Well-maintained two-family home near Albany Medical Center with parking.
      685 Myrtle Ave, Albany, NY 12208
      View Details
    • $1,300,000
      0.51 Acres

      Versatile Commercial Property on Central Avenue

      43,520 sq ft commercial property with diverse spaces and parking.
      233 Central Ave, Albany, NY 12206
      View Details
    • New
      $830,000
      3,438 SF

      Corner Multifamily Property Overlooking Park

      Six units across three buildings near downtown Albany.
      70 Willett St, Albany, NY 12210
      View Details
    • $369,000
      1,312 SF

      Mixed-Use Property in Colonie, NY

      Versatile mixed-use property with new roof and convenient location.
      34 Russell Rd, Colonie, NY 12205
      View Details

    FAQs

    What type of property is this?
    Land - 1.5-acre development site in Albany's Center Square neighborhood.
    Where is this land located?
    The property is located at 282 Hamilton St Albany, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 1.5-acre development site in Albany's Center Square.; - R-M and MU-NE zoning allows for 4-story multi-family development.; - Potential for approximately 196 new multi-family units.
    (518) 428-1164
    Request Owner's contact information
    282 Hamilton St Albany, NY 12210
    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.
    282 Hamilton St
    Albany, NY 12210
    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
    282 Hamilton St Albany, NY 12210
    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.