Office Unit with Flexible Work
New
For Sale
Contact for pricing
2 Northway Ln, Latham, NY 12110
The existing layout includes a reception area, a private office, and two open spaces suited to cubicles.
Property Size14,860 SF
Price / SF$0.00
Days on Market2
Property Features for 2 Northway Ln
General Information
Standard status
Active
Size
14,860 SF
Property subtype
Commercial
Additional Details
Condition
Turnkey
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1983
Listing Agency:
M J J Realty
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Oct 28
Last Checked: Oct 28 at 4:30PM
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 M J J Realty
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Investment Insights
Based on property information with market context.
This office unit measures 14,860 square feet and was built in 1983. Its current configuration includes a reception area, one private office, and two larger open areas arranged for cubicle workstations.
The property is at 2 Northway Ln in Latham, New York, minutes from I-87 Exit 4 at Wolf Road. Occupants pay a pro rata share of real estate taxes, with internet, cable, and phone service handled directly.
The property is at 2 Northway Ln in Latham, New York, minutes from I-87 Exit 4 at Wolf Road. Occupants pay a pro rata share of real estate taxes, with internet, cable, and phone service handled directly.
Key Highlights
- 14,860‑square‑foot office unit
- Reception area, private office, and two open areas for cubicles
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,498
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,589,960
$4.6M
Cap Rate 7%
$3,278,543
$3.3M
Cap Rate 9%
$2,549,978
$2.5M
Market Conditions
NOI Build-Up for 14,860 SF
Gross rent
$392.3K $26.40/SF
− Vacancy
−$86.3K −$5.81/SF
EGI
$306.0K $20.59/SF
− OpEx
−$76.5K −$5.15/SF
NOI
$229.5K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,589,960
Cap Rate 7%
$3,278,543
Cap Rate 9%
$2,549,978
Alternative Uses
Best Use
Office B
$3.28M
$2.87M – $3.82M
NOI $229,498 @ 7.0% cap · market cap 2,294,980.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,588 @ 7.0% cap · market cap 3,245,880.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 12110, NY
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The existing layout includes a reception area, a private office, and two open spaces suited to cubicles.
Where is this office unit located?
The property is located at 2 Northway Ln Latham, NY.
What are key features of this property?
This property features: 14,860‑square‑foot office unit; Reception area, private office, and two open areas for cubicles; Built in 1983
