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Mixed-Use Building with Three Apartments
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164 Madison Ave, Albany, NY 12202

Commercial space is paired with three updated rental apartments and separate utilities.

Property SizeContact for details
Days on Market144

Property Features for 164 Madison Ave

General Information

Standard status Active
Property subtype Retail, Office, Mixed Use
Listing Agency: Berkshire Hathaway HomeServices Blake, REALTORS Niskayuna
Listed By: Joseph Farry · License #NY 10311205243
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 5:55PM

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 Berkshire Hathaway HomeServices Blake, REALTORS Niskayuna

Investment Insights

Based on property information with market context.

Located at 164 Madison Avenue in Albany’s Mansion District, this mixed-use property combines a commercial component with three residential units. The first-floor and basement commercial area measures approximately 3,000 square feet and includes central air. It was formerly operated as a restaurant and may support conversion to other commercial or residential uses as described in the property information.

The residential portion includes three updated two-bedroom apartments, each approximately 1,200 square feet. Each unit has separate utilities. Two additional parcels at 150 Madison Avenue and 152 Madison Avenue are included and are presently used for parking, providing associated parking land with the property.

Key Highlights

  • Mixed‑use property at 164 Madison Avenue in Albany’s Mansion District
  • Approximately 3,000 SF of first‑floor and basement commercial space
  • Former restaurant area includes central air

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service Butcher Skin Care Clinic Home Appliance Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,909
Businesses Nearby

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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial space is paired with three updated rental apartments and separate utilities.
Where is this mixed-use property located?
The property is located at 164 Madison Ave Albany, NY.
What are key features of this property?
This property features: Mixed‑use property at 164 Madison Avenue in Albany’s Mansion District; Approximately 3,000 SF of first‑floor and basement commercial space; Former restaurant area includes central air
(518) 935-2555 Call to check price and availability
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