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Albany Development Site For Sale

282 Hamilton St, Albany, NY

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For Sale

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1.5-acre development site in Albany's Center Square neighborhood.

Type:LAND

Lot size:

1.50 Acres

HighLights

1.5‑acre development site in Albany's Center Square.
R‑M and MU‑NE zoning allows for 4‑story multi‑family development.
Potential for approximately 196 new multi‑family units.
Sloping site enables parking under new structure(s).
Currently operating as a fully leased 210‑car parking lot providing immediate income.
Located across from Robinson Square and Empire State Plaza.

We can help!

Listing Contact

William "Felton" McLaughlin

For Sale

Contact for pricing

1.5-acre development site in Albany's Center Square neighborhood.

Type:LAND

Lot size:

1.50 Acres

Added:: Nov 13, 2025
Days on Market:: 214
Last Refresh:: May 19 at 9:04 pm

Property Features for 282 Hamilton St

General Information

Standard status: Active
Lot size: 1.50 Acres
Property subtype: LAND

We can help!

Listing Contact

William "Felton" McLaughlin

Listing agent William "Felton" McLaughlin License #10491200588

Listing office NAI Platform

Listing date Nov 13, 2025

Source Moodyscre

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

HighLights

1.5‑acre development site in Albany's Center Square.
R‑M and MU‑NE zoning allows for 4‑story multi‑family development.
Potential for approximately 196 new multi‑family units.
Sloping site enables parking under new structure(s).
Currently operating as a fully leased 210‑car parking lot providing immediate income.
Located across from Robinson Square and Empire State Plaza.

Overview

This 1.5-acre development site is located in Albany's Center Square neighborhood, across from Robinson Square and Empire State Plaza. The property is currently operating as a fully leased 210-car parking lot. It is zoned R-M and MU-NE, which allows for 4-story multi-family development. Dimensional standards in both zones should allow for approximately 196 new multi-family units. The sloping site should enable parking under the new structure(s).

Property Profile Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.763
Latitude: 42.6507

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For sale
Land
NY
Albany
282 Hamilton St

What type of property is this?

Land - 1.5-acre development site in Albany's Center Square neighborhood.

Where is this land located?

The property is located at 282 Hamilton St Albany, NY.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 1.5‑acre development site in Albany's Center Square.; R‑M and MU‑NE zoning allows for 4‑story multi‑family development.; Potential for approximately 196 new multi‑family units.

282 Hamilton St, Albany, NY

1.5-acre development site in Albany's Center Square neighborhood.

Property Features for 282 Hamilton St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

Albany Commercial Property For Sale

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