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Downtown Albany Office Buildings
For Sale
$10,899,000

145 State Street, Albany, NY 12207

Two office buildings with a parking garage and substantial existing occupancy serve a range of commercial space needs.

Property Size104,535 SF
Price / SF$104.26
Days on Market15

Property Features for 145 State Street

General Information

Standard status Active
Size 104,535 SF
Total Parking Spaces 102
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $187,705

Amenities

Central air
Central Air Cooling
Natural Gas Heating

Building Details

Buildings 2
Building Size 104,535 SF
Tenancy Multi
Listing Agency: VISION REAL ESTATE SERVICES LLC
Listed By: TYLER FRONTE · License #NY10491211547
Source: Corcoran
Added: Aug 6 Changed: Aug 17 Last Checked: Aug 20 at 4:44AM

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 VISION REAL ESTATE SERVICES LLC

Investment Insights

Based on property information with market context.

This offering includes two office buildings totaling approximately 104,535 square feet of office space at 145 State Street. The property includes a 102-space on-site parking garage, and multiple capital improvements have been completed. Existing tenant occupancy provides an established operating context for the asset.

The buildings are positioned directly across from the New York State Capitol Building, Albany Convention Center, and Renaissance Albany Hotel by Marriott. Their downtown setting places the office space within a concentrated civic, convention, and hospitality environment.

Key Highlights

  • Two office buildings totaling approximately 104,535 square feet
  • 102‑space on‑site parking garage
  • Directly across from the New York State Capitol Building

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Skin Care Clinic Real Estate Agency Auto Parts Store Big Box & Wholesale Store Garden Center

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,093
Businesses Nearby

Demographics for 12207, NY

2,399
Population
1,553
Households
1.5
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,399
Density / Sq Mi
$32,418
Median Household Income
$49,531
Median Earnings
$689
Median Rent
$242,500
Median Home Value

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two office buildings with a parking garage and substantial existing occupancy serve a range of commercial space needs.
Where is this office building located?
The property is located at 145 State Street Albany, NY.
What is the asking price?
The asking price for this property is $10,899,000.
What are key features of this property?
This property features: Two office buildings totaling approximately 104,535 square feet; 102‑space on‑site parking garage; Directly across from the New York State Capitol Building
More about this property
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