Creative Office with Rooftop
For Sale
Contact for pricing
25 Monroe Street #301, Albany, NY 12210
Full-floor workspace features exposed brick, tall ceilings, and generous natural light from large windows.
Property Size34,880 SF
Price / SF$0.00
Days on Market712
Property Features for 25 Monroe Street #301
General Information
Standard status
Active
Size
34,880 SF
Property subtype
Office
Additional Details
Floor
3
Highway Access
Yes
Property Use
Office
Amenities
private rooftop deck
Building Details
Year Built
1900
Listing Agency:
Carrow Real Estate Services LLC
(518) 462-7491
Listed By:
Rudy R Lynch · License #10301200002
(518) 337-3705
Source:
Simplywoodardrealestate
Added: Nov 21, 2024
Changed: Nov 1
Last Checked: Nov 1 at 3:21PM
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
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Investment Insights
Based on property information with market context.
The third floor at 25 Monroe Street offers approximately 9,081 square feet of creative office space, with high ceilings, exposed brick, and large windows. A private rooftop deck extends the workspace outdoors. The building dates to 1900.
Situated in downtown Albany, the property is surrounded by dining and entertainment options, including Yono's, 677 Prime, and The Palace Theater. I-90 and I-787 provide convenient highway access. Parking is available, and the property has professional management.
Situated in downtown Albany, the property is surrounded by dining and entertainment options, including Yono's, 677 Prime, and The Palace Theater. I-90 and I-787 provide convenient highway access. Parking is available, and the property has professional management.
Key Highlights
- Approximately 9,081 SF of creative office space on the entire third floor
- Private rooftop deck
- High ceilings, exposed brick, and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$477,378
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,547,560
$9.5M
Cap Rate 7%
$6,819,686
$6.8M
Cap Rate 9%
$5,304,200
$5.3M
Market Conditions
NOI Build-Up for 34,880 SF
Gross rent
$774.3K $22.20/SF
− Vacancy
−$137.8K −$3.95/SF
EGI
$636.5K $18.25/SF
− OpEx
−$159.1K −$4.56/SF
NOI
$477.4K $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%
$9,547,560
Cap Rate 7%
$6,819,686
Cap Rate 9%
$5,304,200
Alternative Uses
Best Use
Office B
$6.82M
$5.97M – $7.96M
NOI $477,378 @ 7.0% cap · market cap 2,983,612.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.20M
$8.05M – $10.74M
NOI $644,164 @ 7.0% cap · market cap 4,026,025.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,860
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - Full-floor workspace features exposed brick, tall ceilings, and generous natural light from large windows.
Where is this creative space located?
The property is located at 25 Monroe Street #301 Albany, NY.
What are key features of this property?
This property features: Approximately 9,081 SF of creative office space on the entire third floor; Private rooftop deck; High ceilings, exposed brick, and large windows
