453 New Karner Rd, Albany, NY
Recently renovated office building with flexible layout in Albany, NY.
- Added:
- Jul 2, 2024
- Days on Market:
- 715
- Last Refresh:
- May 20 at 8:33 pm
Property Features for 453 New Karner Rd
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 7.91 Acres
- Property subtype
- OFFICE
Listing agent Cory Tyksinski License #10491200588 (518) 857-8396
Listing office NAI Platform (518) 857-8396
Listing date Jul 2, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of NAI Platform
HighLights
- Recently renovated with new roof, flooring, walls, carpet, and well‑maintained mechanicals.
- Combination of private offices, large bullpen area, training area, breakroom, and 4 bathrooms.
- Opportunity for a sale/leaseback with a new long‑term lease.
- Located in a commercial office park.
- Large training area.
- Full breakroom.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.3k | $22.20 |
| − Vacancy | −$22.1k | −$3.95 |
| EGI | $102.2k | $18.25 |
| − OpEx | −$25.5k | −$4.56 |
| NOI | $76.6k | $13.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.8405
- Latitude
- 42.7411
