Renovated Mixed-Use Apartment and
For Sale
$2,600,000
260 Washington Avenue, Albany, NY 12210
Completely renovated building with 14 apartments and a ground-floor retail space with frontage on Washington Avenue.
Property Size25,530 SF
Price / SF$101.84
Days on Market134
Property Features for 260 Washington Avenue
General Information
Standard status
Active
Size
25,530 SF
Property subtype
Commercial Sale / Mixed Use
Zoning
Mixed
Occupancy
100%
Additional Details
Multifamily Units
14
Taxes and HOA fees
Annual Taxes
$68,439
Amenities
Rubber
Central Air, Yes
Forced Air, Natural Gas, Yes
2
Interior Entry, Partial, Unfinished
Circuit Breakers
Tile, Vinyl, Hardwood
High Speed Internet, Paddle Fan, Vaulted Ceiling(s), Walk-In Closet(s), Cathedral Ceiling(s), Ceramic Tile Bath
Brick
1
Life
Yes
Security System Owned, Key Card Entry, Fire Sprinkler System, Security Lights, Smoke Detector(s), 24 Hour Security, Building Security, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Alarm
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Gabler Realty, LLC
Listed By:
Judith Gabler · License #10491207625
(518) 727-5653
Source:
Compass
Added: Apr 25
Changed: Sep 4
Last Checked: Aug 14 at 6:22AM
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 Gabler Realty, LLC
Investment Insights
Based on property information with market context.
This completely renovated mixed-use building features 14 apartments and one large retail space. The apartments include hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater, and an electric panel. Tenants also have large storage rooms, with shared lounge or gym space available in the building. The property includes a secure lobby with intercom and an updated security system, secure entrances, and an accessible lift to the second floor.
The retail component has frontage on Washington Avenue, supporting street-level visibility for an end user or leasing tenant. The building also includes a large unfinished basement that may be suitable for additional rentable space up to fire code, subject to applicable requirements.
For buyers seeking a turn-key, income-producing property, the building is currently fully rented and offers both residential units and retail space within the same structure. The unfinished basement presents an additional area to evaluate for future development, subject to fire code requirements. An extremely attractive assumable Freddie Mac mortgage is also referenced as being available until Dec. 31, 2029. Please inquire for details on the financing and opportunity to review the building’s layout and condition.
The retail component has frontage on Washington Avenue, supporting street-level visibility for an end user or leasing tenant. The building also includes a large unfinished basement that may be suitable for additional rentable space up to fire code, subject to applicable requirements.
For buyers seeking a turn-key, income-producing property, the building is currently fully rented and offers both residential units and retail space within the same structure. The unfinished basement presents an additional area to evaluate for future development, subject to fire code requirements. An extremely attractive assumable Freddie Mac mortgage is also referenced as being available until Dec. 31, 2029. Please inquire for details on the financing and opportunity to review the building’s layout and condition.
Key Highlights
- Completely renovated 11 years ago: 14 apartments plus 1 large ground‑floor retail space with frontage on Washington Avenue
- Each unit includes hardwood floors, granite, dishwashers, private laundry, gas furnace, central air, and its own hot water heater & electric panel
- Shared building amenities include storage rooms for tenants and a shared lounge or gym space
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Completely renovated building with 14 apartments and a ground-floor retail space with frontage on Washington Avenue.
Where is this apartment building located?
The property is located at 260 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Completely renovated 11 years ago: 14 apartments plus 1 large ground‑floor retail space with frontage on Washington Avenue; Each unit includes hardwood floors, granite, dishwashers, private laundry, gas furnace, central air, and its own hot water heater & electric panel; Shared building amenities include storage rooms for tenants and a shared lounge or gym space
