Office Suites with Shared Conference
For Sale
Contact for pricing
205 Delaware Avenue, Bethlehem, NY 12054
Flexible office configurations include individual offices and suites of approximately 1,960 SF.
Property Size3,264 SF
Days on Market124
Property Features for 205 Delaware Avenue
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
Amenities
signage opportunities
abundant natural light
EV charging stations
shared conference room
breakroom facilities
Building Details
Year Built
1969
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Carrow Real Estate Services LLC
(518) 462-7491
Listed By:
Rudy R Lynch · License #10301200002
(518) 337-3705
Source:
Simplywoodardrealestate
Added: Jul 1
Changed: Nov 1
Last Checked: Nov 1 at 3:03PM
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 Carrow Real Estate Services LLC
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Investment Insights
Based on property information with market context.
Office space at 205 Delaware Avenue is offered in configurations ranging from individual offices to suites of approximately 1,960 SF. The 1969 building includes a shared conference room and breakroom, abundant natural light, on-site parking, and EV charging stations. The property is professionally managed, with an owner-occupied landlord.
The Delaware Avenue address provides access to Downtown Albany, I-87, I-90, and Route 85. Restaurants, coffee shops, banks, and retail services are within walking distance, adding nearby conveniences for employees and visitors.
The Delaware Avenue address provides access to Downtown Albany, I-87, I-90, and Route 85. Restaurants, coffee shops, banks, and retail services are within walking distance, adding nearby conveniences for employees and visitors.
Key Highlights
- Office configurations range from single offices to suites of approximately 1,960 SF
- Shared conference room and breakroom facilities
- On‑site parking includes EV charging stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,409
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,180
$1.0M
Cap Rate 7%
$720,129
$720.1K
Cap Rate 9%
$560,100
$560.1K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$86.2K $26.40/SF
− Vacancy
−$19.0K −$5.81/SF
EGI
$67.2K $20.59/SF
− OpEx
−$16.8K −$5.15/SF
NOI
$50.4K $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%
$1,008,180
Cap Rate 7%
$720,129
Cap Rate 9%
$560,100
Alternative Uses
Best Use
Office B
$720.1K
$630.1K – $840.2K
NOI $50,409 @ 7.0% cap · market cap 5,040,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.2K – $1.19M
NOI $71,296 @ 7.0% cap · market cap 7,129,600.00%
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
Highway access
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 12054, NY
17,282
Population
7,221
Households
2.4
Avg Household Size
46
Median Age
68%
College-Educated
98%
High-School Grad
15.5 sq mi
ZIP Area
1,115
Density / Sq Mi
$128,684
Median Household Income
$69,853
Median Earnings
$1,658
Median Rent
$334,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office configurations include individual offices and suites of approximately 1,960 SF.
Where is this office unit located?
The property is located at 205 Delaware Avenue Bethlehem, NY.
What are key features of this property?
This property features: Office configurations range from single offices to suites of approximately 1,960 SF; Shared conference room and breakroom facilities; On‑site parking includes EV charging stations
