Second-Floor Office
For Sale
Contact for pricing
25 Kraft Avenue Unit 2, Albany, NY 12205
Two separate suites provide options for businesses seeking individual office space or a larger footprint.
Property Size12,500 SF
Price / SF$0.08
Days on Market19
Property Features for 25 Kraft Avenue Unit 2
General Information
Standard status
Active
Size
12,500 SF
Property subtype
Office
Additional Details
Floor
Second Floor
Property Use
Office
Building Details
Year Built
1969
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Mya Chrysogelos · License #10401405495
(518) 915-4066
Source:
Simplywoodardrealestate
Added: Oct 15
Changed: Nov 1
Last Checked: Nov 1 at 4:07PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two office suites occupy the second floor of this commercial property, with the option to lease them separately or together. The building was constructed in 1969.
The property sits at the corner of 25 Kraft Avenue and 40 Maplewood in Albany, just off Central Avenue. Its location offers access to major roadways, the airport, and transportation corridors.
The property sits at the corner of 25 Kraft Avenue and 40 Maplewood in Albany, just off Central Avenue. Its location offers access to major roadways, the airport, and transportation corridors.
Key Highlights
- Two separate office spaces on the second floor
- Located at the corner of 25 Kraft Avenue and 40 Maplewood in Albany
- Just off Central Avenue, with access to major roadways and the airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,079
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,421,580
$3.4M
Cap Rate 7%
$2,443,986
$2.4M
Cap Rate 9%
$1,900,878
$1.9M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$277.5K $22.20/SF
− Vacancy
−$49.4K −$3.95/SF
EGI
$228.1K $18.25/SF
− OpEx
−$57.0K −$4.56/SF
NOI
$171.1K $13.69/SF
Area
Albany, NY
Vacancy
17.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,421,580
Cap Rate 7%
$2,443,986
Cap Rate 9%
$1,900,878
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $171,079 @ 7.0% cap · market cap 17,107.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,850 @ 7.0% cap · market cap 23,085.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two separate suites provide options for businesses seeking individual office space or a larger footprint.
Where is this office unit located?
The property is located at 25 Kraft Avenue Unit 2 Albany, NY.
What are key features of this property?
This property features: Two separate office spaces on the second floor; Located at the corner of 25 Kraft Avenue and 40 Maplewood in Albany; Just off Central Avenue, with access to major roadways and the airport
