Multi-Tenant Office Building For
For Sale
$1,900,000
251 New Karner Road, Albany, NY 12205
Multi-tenant office building with established tenants and updated systems.
Property Size1,250 SF
Price / SF$1,520
Days on Market222
Property Features for 251 New Karner Road
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Office
Building Details
Building Size
1,250 SF
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Jan 26
Changed: Sep 4
Last Checked: Sep 5 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pyramid Brokerage Albany
Investment Insights
Based on property information with market context.
This multi-tenant office building features an EDPM roof, updated HVAC units, and all LED lighting. The property is located on public water. The building is fully occupied with well-established tenants and has a cap rate of 11.7%.
Key Highlights
- 11.7% CAP Rate makes this a lucrative investment opportunity.
- Multi‑Tenant Office Building offers diversified income potential.
- Well Established Tenants provide stable cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building with established tenants and updated systems.
Where is this office building located?
The property is located at 251 New Karner Road Albany, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 11.7% CAP Rate makes this a lucrative investment opportunity.; Multi‑Tenant Office Building offers diversified income potential.; Well Established Tenants provide stable cash flow.
