Listing Agency: CBRE - Albany K***@cbre-albany.com Show Phone

Listed By: Kyle Rueckert · License #10301211707 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 15 Last Checked: Aug 16 at 12:35PM

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Investment Insights

Based on property information with market context.

Key Highlights

• Multiple suites available, offering flexibility in size from ±550 SF to ±960 SF.
• Convenient location on Broadway (Route 32), a commuting and business corridor.
• Approximately ±½ mile from Exit 6 off I‑787.

Property Analytics

Property Profile

Current Use

Budget Man Dumpsters ... Car Dealership The Law Office of James ... Law Firm Laurie Campito Law ... Law Firm Jeffrey L Zimring ... Law Firm Aurora, Inc. Insurance Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Pharmacy Auto Parts Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.24 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

305

Businesses Nearby

Explore this area Business Placement

Demographics for 12204, NY

7,818

Population

4,290

Households

1.8

Avg Household Size

37

Median Age

39%

College-Educated

91%

High-School Grad

4.1 sq mi

ZIP Area

1,907

Density / Sq Mi

$75,197

Median Household Income

$48,911

Median Earnings

$1,294

Median Rent

$226,300

Median Home Value

Market

Lease Benchmarks for Albany, NY

$14.04 /SF/Yr

Avg Asking Price

$1.12–$30 /SF/Yr

Price Range

48,973 SF

Avg Space Size

This space is priced 41% below the average of $14.04 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

Where is this office units located?

The property is located at 120 Broadway Albany, NY.

What is the lease rate?

The lease rate is $8.25 SF/Yr.

What are key features of this property?

This property features: Multiple suites available, offering flexibility in size from ±550 SF to ±960 SF.; Convenient location on Broadway (Route 32), a commuting and business corridor.; Approximately ±½ mile from Exit 6 off I‑787.