Office Building with Available
For Sale
Contact for pricing
Pending
1719 Central Avenue, Colonie, NY 12205
A second-floor suite is available, with street signage and access at a traffic-light-controlled corner.
Property Size5,760 SF
Days on Market1054
Property Features for 1719 Central Avenue
General Information
Standard status
Pending
Size
5,760 SF
Property subtype
Office
Additional Details
Road Access
Yes
Tenant in Place
Yes
Property Use
Office
Amenities
elegant foyer
street signage
Building Details
Year Built
1988
Stories
2
Tenancy
Multi
Listing Agency:
Brokers Network
Listed By:
Louise Giuliano · License #10311210936
(518) 470-4877
Source:
Simplywoodardrealestate
Added: Dec 18, 2023
Changed: Nov 4
Last Checked: Nov 4 at 8:49AM
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 Brokers Network
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.
The 5,760-square-foot office property was built in 1988. Law firms occupy the first floor, while a suite on the second floor is available. Street signage is available at the property.
Located on Central Avenue, the building sits at a corner with a traffic light. The second-floor tenant is responsible for utilities and office cleaning.
Located on Central Avenue, the building sits at a corner with a traffic light. The second-floor tenant is responsible for utilities and office cleaning.
Key Highlights
- 5,760‑square‑foot office property built in 1988
- First floor occupied by law firms
- Available suite on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,833
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,576,660
$1.6M
Cap Rate 7%
$1,126,186
$1.1M
Cap Rate 9%
$875,922
$875.9K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$127.9K $22.20/SF
− Vacancy
−$22.8K −$3.95/SF
EGI
$105.1K $18.25/SF
− OpEx
−$26.3K −$4.56/SF
NOI
$78.8K $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%
$1,576,660
Cap Rate 7%
$1,126,186
Cap Rate 9%
$875,922
Alternative Uses
Best Use
Office B
$1.13M
$985.4K – $1.31M
NOI $78,833 @ 7.0% cap · market cap 6,064.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,376 @ 7.0% cap · market cap 8,182.77%
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
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
710
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
Check the figures for this property
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?
Office unit - A second-floor suite is available, with street signage and access at a traffic-light-controlled corner.
Where is this office unit located?
The property is located at 1719 Central Avenue Colonie, NY.
What are key features of this property?
This property features: 5,760‑square‑foot office property built in 1988; First floor occupied by law firms; Available suite on the second floor
