184 Central Avenue Albany, NY 12206
184 Central Avenue, Albany, NY, 12206
$420,000
For Sale
$420,000
Commercial land
Property Size2,880 SF
Price / SF$145.83
Days on Market249
Property Features for 184 Central Avenue
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
KW Platform
Listed by
Ramiz Turan
(518) 639-4663
Source
Signatureonerealtygroup
Added: Nov 14, 2025 Updated: Jul 10 at 1:49 pm Checked: Jul 19 at 5:56 am
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 KW Platform
Investment Insights
Based on property information with market context.
Key Highlights
- Commercial building built in 1920 at 184 Central Ave
- Three parcels included: 184 Central Ave plus vacant lots at 178 and 182 Central Ave
- Parking for 10+ vehicles on‑site
Local Financial Insights For 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 | $53.6k | $18.60 |
| − Vacancy | −$3.9k | −$1.34 |
| EGI | $49.7k | $17.26 |
| − OpEx | −$14.9k | −$5.18 |
| NOI | $34.8k | $12.08 |
2,880 SF · lease $18.60/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$563.1K
$492.7K – $657.0K
NOI $39,417 @ 7.0% cap · market cap 9.39%
Second Best
Retail
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$759.8K
$664.9K – $886.5K
NOI $53,188 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MSK Tax & Accounting ...
Accounting Firm
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FAQs
Where is this commercial land located?
The property is located at 184 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Commercial building built in 1920 at 184 Central Ave; Three parcels included: 184 Central Ave plus vacant lots at 178 and 182 Central Ave; Parking for 10+ vehicles on‑site
