Four-Office
For Sale
Contact for pricing
155 Clinton Avenue, Albany, NY 12210
A not-for-profit-use covenant governs this office suite with reception, two bathrooms, and a kitchenette.
Property Size4,875 SF
Price / SF$0.33
Days on Market190
Property Features for 155 Clinton Avenue
General Information
Standard status
Active
Size
4,875 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1890
Listing Agency:
NAI Platform LLC
(518) 465-1400
Listed By:
Stephanie Taylor-Durenay · License #10401380188
(518) 888-6453
Source:
Simplywoodardrealestate
Added: Apr 27
Changed: Nov 1
Last Checked: Nov 1 at 4:13PM
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
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Investment Insights
Based on property information with market context.
This office suite contains approximately 1,544 square feet, arranged with a lobby and reception area, four offices, two bathrooms, and a kitchenette. The property was built in 1890 and is subject to a covenant requiring not-for-profit use.
The building is at the corner of N Swan Street and Clinton Avenue in the Arbor Hill neighborhood of midtown Albany.
The building is at the corner of N Swan Street and Clinton Avenue in the Arbor Hill neighborhood of midtown Albany.
Key Highlights
- Approximately 1,544 square feet of office space
- Four offices, lobby and reception area
- Two bathrooms and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,721
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,334,420
$1.3M
Cap Rate 7%
$953,157
$953.2K
Cap Rate 9%
$741,344
$741.3K
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$108.2K $22.20/SF
− Vacancy
−$19.3K −$3.95/SF
EGI
$89.0K $18.25/SF
− OpEx
−$22.2K −$4.56/SF
NOI
$66.7K $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%
$1,334,420
Cap Rate 7%
$953,157
Cap Rate 9%
$741,344
Alternative Uses
Best Use
Office B
$953.2K
$834.0K – $1.11M
NOI $66,721 @ 7.0% cap · market cap 4,170.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,032 @ 7.0% cap · market cap 5,627.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,928
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 - A not-for-profit-use covenant governs this office suite with reception, two bathrooms, and a kitchenette.
Where is this office unit located?
The property is located at 155 Clinton Avenue Albany, NY.
What are key features of this property?
This property features: Approximately 1,544 square feet of office space; Four offices, lobby and reception area; Two bathrooms and a kitchenette
