Class B Multi-Tenant Office
For Sale
$3,250,000
32 N Russell Road, Albany, NY 12205
Multi-tenant office building with a passenger elevator, 246 parking spaces, and a 2024 roof, offered for sale.
Property Size65,309 SF
Lot Size2.82 Acres
Price / SF$49.76
Days on Market642
Property Features for 32 N Russell Road
General Information
Standard status
Active
Size
65,309 SF
Class
Class B
Total Parking Spaces
246
Lot size
2.82 Acres
Property subtype
Commercial
Zoning
MU-CH
Occupancy
33%
Additional Details
Highway Access
Yes
Heavy Power
Yes
Amenities
passenger elevator
CDTA bus access
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Carrow Real Estate Services LLC
(518) 462-7491
Listed By:
Rudy R Lynch · License #10301200002
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Nov 22, 2024
Changed: Aug 25
Last Checked: Aug 26 at 10:14AM
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 Carrow Real Estate Services LLC
Investment Insights
Based on property information with market context.
This Class B, multi-tenant office building offers approximately 65,309 square feet on about 2.82 acres. The property includes a passenger elevator, 246 on-site parking spaces, and a residential penthouse of approximately 1,600 square feet. Electrical service is described as three-phase with 1,600 amps, and the building features a new roof completed in 2024.
The asset is located at 32 Russell Rd in Colonie, New York, with convenience to I-90 via Exit 5 (Everett Rd). Public remarks also note CDTA bus access.
The building is currently described as 33% occupied, with approximately 45,170 square feet available for immediate use. The property is identified as MU-CH zoning in the public remarks.
The asset is located at 32 Russell Rd in Colonie, New York, with convenience to I-90 via Exit 5 (Everett Rd). Public remarks also note CDTA bus access.
The building is currently described as 33% occupied, with approximately 45,170 square feet available for immediate use. The property is identified as MU-CH zoning in the public remarks.
Key Highlights
- +/-65,309 SF Class B multi‑tenant office building on +/-2.82 acres with passenger elevator
- 246 on‑site parking spaces (about 4:1 parking ratio)
- New roof (2024)
Property Analytics
Property Profile
Current Use
Lease Details
33%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
991
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 a passenger elevator, 246 parking spaces, and a 2024 roof, offered for sale.
Where is this office building located?
The property is located at 32 N Russell Road Albany, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: +/-65,309 SF Class B multi‑tenant office building on +/-2.82 acres with passenger elevator; 246 on‑site parking spaces (about 4:1 parking ratio); New roof (2024)
