Office Space with Private
For Sale
Contact for pricing
27 N Swan Street, Albany, NY 12210
An existing use restriction requires the property to be used by a not-for-profit organization.
Property Size3,094 SF
Price / SF$0.83
Days on Market187
Property Features for 27 N Swan Street
General Information
Standard status
Active
Size
3,094 SF
Elevators
Yes
Property subtype
Office
Additional Details
Highway Access
Yes
Currently Operating
Yes
Property Use
Office
Amenities
lobby
reception
private offices
conference space
storage rooms
open areas
Building Details
Year Built
1900
Owner Occupied
Yes
Listing Agency:
NAI Platform LLC
(518) 465-1400
Listed By:
Stephanie Taylor-Durenay · License #10401380188
(518) 888-6453
Source:
Simplywoodardrealestate
Added: Apr 30
Changed: Nov 1
Last Checked: Nov 1 at 3:46PM
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 NAI Platform LLC
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Investment Insights
Based on property information with market context.
This 3,094-square-foot office property includes a lobby and reception area, multiple private offices, conference space, two large open areas, and substantial storage rooms. An elevator serves the building, which dates to 1900.
The property is on N Swan Street in Albany’s Arbor Hill neighborhood, between Ten Broeck Place and Livingston Avenue. Highway access is approximately one minute away.
A recorded covenant limits use of the property to not-for-profit organizations.
The property is on N Swan Street in Albany’s Arbor Hill neighborhood, between Ten Broeck Place and Livingston Avenue. Highway access is approximately one minute away.
A recorded covenant limits use of the property to not-for-profit organizations.
Key Highlights
- 3,094 square feet of office space
- Lobby and reception area, multiple private offices, and conference space
- Two large open areas and large additional storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,345
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,900
$846.9K
Cap Rate 7%
$604,929
$604.9K
Cap Rate 9%
$470,500
$470.5K
Market Conditions
NOI Build-Up for 3,094 SF
Gross rent
$68.7K $22.20/SF
− Vacancy
−$12.2K −$3.95/SF
EGI
$56.5K $18.25/SF
− OpEx
−$14.1K −$4.56/SF
NOI
$42.3K $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%
$846,900
Cap Rate 7%
$604,929
Cap Rate 9%
$470,500
Alternative Uses
Best Use
Office B
$604.9K
$529.3K – $705.8K
NOI $42,345 @ 7.0% cap · market cap 1,644.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$816.3K
$714.3K – $952.3K
NOI $57,140 @ 7.0% cap · market cap 2,219.03%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,360
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
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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 - An existing use restriction requires the property to be used by a not-for-profit organization.
Where is this office unit located?
The property is located at 27 N Swan Street Albany, NY.
What are key features of this property?
This property features: 3,094 square feet of office space; Lobby and reception area, multiple private offices, and conference space; Two large open areas and large additional storage rooms
