165 Madison Avenue, Albany, NY 12202
- Added:
- Mar 11, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 11 at 6:06 am
Property Features for 165 Madison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3
- Parking
- 6
- Parking features
- Off Street
- Basement
- Full
- Standard status
- Active
- APN
- 010100 76.49-2-53
- Size
- 3,272 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5563
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Flooring type
- Concrete, Tile
- Building materials
- Brick, Wood Siding
- Roof type
- Flat
Listing agent Joseph P Cardinale License #10401290174 (518) 755-2064
Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY (518) 371-4500
Listing date Mar 11, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 165 Madison Ave, Albany mixed‑use building (2‑story) with approx. 3,272 sq ft brick construction; year built 1890
- Renovated in 2022; features include forced‑air natural gas heating and both window unit(s) and central air cooling
- First floor offers approx. 2,022 sq ft retail/dining space with full commercial kitchen, 6‑burner stove, and commercial exhaust hood
- Restaurant space includes dedicated employee and customer restrooms, a dining area with entertainment stage, plus front and rear entrances
- Second floor has a turn‑key 2‑bedroom apartment with estimated rent of $2,000/month for added income
- Public water and public sewer; off‑street parking; flat roof; flooring includes concrete and tile
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $19.80 |
| − Vacancy | −$4.3k | −$1.33 |
| EGI | $60.4k | $18.47 |
| − OpEx | −$15.1k | −$4.62 |
| NOI | $45.3k | $13.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.757212
- Latitude
- 42.646789
