1875 Altamont Ave Schenectady, NY 12303

Building Details

Year Built

2023

Listing agency Donovan RES b***@donovanres.com Show Phone

Listed by Brian Donovan · License #10491202934 Show Phone

Source Thebrokerlist

Added: Feb 18 Updated: Jul 21 at 6:12PM Checked: Jul 21 at 6:12PM

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Investment Insights

Based on property information with market context.

This newly constructed ground-leased bank investment property is occupied by Chase Bank under a lease structure featuring a 15-year initial term and three additional 5-year options. The tenant is responsible for utilities, taxes, and maintaining all aspects of the premises, with no landlord responsibilities identified in the offering remarks.

The building is located along Altamont Ave, described as a main commercial corridor in the Albany, NY MSA. The property sits on a corner lot next to a signalized intersection.

The asset is positioned as a dedicated bank facility with the lease commitment described above, supported by the tenant’s long-term renewal structure.

Key Highlights

• Ground‑leased Chase Bank investment property built in 2023
• Lease features a 15‑year initial term with three additional 5‑year options
• Tenant pays utilities and taxes and maintains all aspects of the premises

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FAQs

What type of property is this?

Bank - Newly constructed ground-leased bank property with a 15-year initial term and three 5-year options.

Where is this bank located?

The property is located at 1875 Altamont Ave Schenectady, NY.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Ground‑leased Chase Bank investment property built in 2023; Lease features a 15‑year initial term with three additional 5‑year options; Tenant pays utilities and taxes and maintains all aspects of the premises