Mixed-Use Retail
For Sale
Contact for pricing
154 Madison Avenue, Albany, NY 12202
Flexible commercial space with existing plumbing, ventilation, and exhaust infrastructure for potential restaurant fit-up.
Property Size4,350 SF
Price / SF$0.34
Days on Market70
Property Features for 154 Madison Avenue
General Information
Standard status
Active
Size
4,350 SF
Property subtype
Mixed Use
Building Details
Year Built
1860
Listing Agency:
NAI Platform LLC
(518) 465-1400
Listed By:
Anton Pasquill · License #10401318851
(518) 779-0107
Source:
Simplywoodardrealestate
Added: Aug 25
Changed: Nov 1
Last Checked: Nov 1 at 3:13PM
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 NAI Platform LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Albany commercial space offers approximately 1,450 square feet of retail area and may be divided. Existing plumbing, ventilation, and exhaust components could support a restaurant conversion. The premises also include two bathrooms. The building dates to 1860.
The property is in downtown Albany’s Mansion neighborhood, on the south side of lower Madison Avenue. Potential uses span food service, personal services, office, retail, indoor recreation or entertainment, and religious institution uses; the list includes both permitted and conditional categories.
The property is in downtown Albany’s Mansion neighborhood, on the south side of lower Madison Avenue. Potential uses span food service, personal services, office, retail, indoor recreation or entertainment, and religious institution uses; the list includes both permitted and conditional categories.
Key Highlights
- Approximately 1,450 square feet of retail space
- Potential to divide the space
- Plumbing, ventilation, and exhaust components in place for potential restaurant fit‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,270
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,400
$1.0M
Cap Rate 7%
$732,429
$732.4K
Cap Rate 9%
$569,667
$569.7K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$91.4K $21.00/SF
− Vacancy
−$9.3K −$2.14/SF
EGI
$82.0K $18.86/SF
− OpEx
−$30.8K −$7.07/SF
NOI
$51.3K $11.79/SF
Area
Albany, NY
Vacancy
10.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,400
Cap Rate 7%
$732,429
Cap Rate 9%
$569,667
Alternative Uses
Best Use
Retail
$750.8K
$657.0K – $876.0K
NOI $52,559 @ 7.0% cap · market cap 3,503.93%
Second Best
Mixed Use
$732.4K
$640.9K – $854.5K
NOI $51,270 @ 7.0% cap · market cap 3,418.00%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,336 @ 7.0% cap · market cap 5,355.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Retail in Albany, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial space with existing plumbing, ventilation, and exhaust infrastructure for potential restaurant fit-up.
Where is this mixed-use property located?
The property is located at 154 Madison Avenue Albany, NY.
What are key features of this property?
This property features: Approximately 1,450 square feet of retail space; Potential to divide the space; Plumbing, ventilation, and exhaust components in place for potential restaurant fit‑up
