Office Suites with Shared
For Sale
Contact for pricing
130 Washington Avenue, Albany, NY 12210
Gross lease terms include utilities, with shared lobby and restroom facilities.
Property Size22,834 SF
Days on Market28
Property Features for 130 Washington Avenue
General Information
Standard status
Active
Size
22,834 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
shared common areas
lobby
restrooms
Building Details
Year Built
1928
Listing Agency:
Howard Hanna Capital Inc
(518) 370-3170
Listed By:
Jeanine M Vollaro · License #10401308187
(518) 210-8288
Source:
Simplywoodardrealestate
Added: Oct 6
Changed: Nov 1
Last Checked: Nov 1 at 3:58PM
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 Howard Hanna Capital Inc
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Investment Insights
Based on property information with market context.
Office space at 130 Washington Avenue includes individual private offices as well as larger, open configurations. The building, constructed in 1928, has shared common areas, a lobby, and restrooms. Occupancy is offered on a gross lease with utilities included.
The property is in Albany, with access to downtown, government offices, major roadways, and nearby businesses. Office sizes and configurations vary.
The property is in Albany, with access to downtown, government offices, major roadways, and nearby businesses. Office sizes and configurations vary.
Key Highlights
- Private offices and larger open office configurations are available
- Gross lease includes utilities
- Shared building features include common areas, a lobby, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$312,513
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,250,260
$6.3M
Cap Rate 7%
$4,464,471
$4.5M
Cap Rate 9%
$3,472,367
$3.5M
Market Conditions
NOI Build-Up for 22,834 SF
Gross rent
$506.9K $22.20/SF
− Vacancy
−$90.2K −$3.95/SF
EGI
$416.7K $18.25/SF
− OpEx
−$104.2K −$4.56/SF
NOI
$312.5K $13.69/SF
Area
Albany, NY
Vacancy
17.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,250,260
Cap Rate 7%
$4,464,471
Cap Rate 9%
$3,472,367
Alternative Uses
Best Use
Office B
$4.46M
$3.91M – $5.21M
NOI $312,513 @ 7.0% cap · market cap 31,251,300.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.02M
$5.27M – $7.03M
NOI $421,698 @ 7.0% cap · market cap 42,169,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
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Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Gross lease terms include utilities, with shared lobby and restroom facilities.
Where is this office unit located?
The property is located at 130 Washington Avenue Albany, NY.
What are key features of this property?
This property features: Private offices and larger open office configurations are available; Gross lease includes utilities; Shared building features include common areas, a lobby, and restrooms
