Second-Floor Office
For Sale
Contact for pricing
25 Kraft Avenue Unit 1, Albany, NY 12205
Two distinct office suites on the upper level provide separate spaces for businesses.
Property Size12,500 SF
Price / SF$0.17
Days on Market19
Property Features for 25 Kraft Avenue Unit 1
General Information
Standard status
Active
Size
12,500 SF
Property subtype
Office
Additional Details
Floor
2
Office Units
2
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 4:02PM
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.
This office property contains two separate suites on the second floor, offering distinct spaces within the same commercial property. The building dates to 1969 and is located at the corner of Kraft Avenue and Maplewood Avenue in Albany.
Central Avenue is nearby, with access to major roadways, the airport, and transportation corridors. The two-suite configuration supports businesses seeking an individual office space or additional space within the property.
Central Avenue is nearby, with access to major roadways, the airport, and transportation corridors. The two-suite configuration supports businesses seeking an individual office space or additional space within the property.
Key Highlights
- Two separate office suites on the second floor
- Built in 1969
- Corner location at Kraft Avenue and Maplewood Avenue
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 8,146.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,850 @ 7.0% cap · market cap 10,992.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
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 distinct office suites on the upper level provide separate spaces for businesses.
Where is this office unit located?
The property is located at 25 Kraft Avenue Unit 1 Albany, NY.
What are key features of this property?
This property features: Two separate office suites on the second floor; Built in 1969; Corner location at Kraft Avenue and Maplewood Avenue
