Class B Multi-Tenant Office
For Sale
Contact for pricing
32 Russell Rd, Colonie, NY 12206
Multi-tenant office building with a passenger elevator, 246 parking spaces, and a 2024 roof, offered for sale.
Property Size65,309 SF
Lot Size2.82 Acres
Price / SF$49.76
Days on Market172
Property Features for 32 Russell Rd
General Information
Standard status
Active
Size
65,309 SF
Class
Class B
Total Parking Spaces
246
Lot size
2.82 Acres
Property subtype
OFFICE
Zoning
MU-CH
Occupancy
33%
Additional Details
Highway Access
Yes
Heavy Power
Yes
Amenities
passenger elevator
CDTA bus access
Building Details
Tenancy
Multi
Listing Agency:
Carrow Real Estate Services
(518) 462-7491
Listed By:
Rudy R. Lynch · License #10301200002
Source:
Moodyscre
Added: Feb 9
Changed: Jul 27
Last Checked: Jul 30 at 2:27PM
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 Carrow Real Estate Services
Investment Insights
Based on property information with market context.
This Class B, multi-tenant office building offers approximately 65,309 square feet on about 2.82 acres. The property includes a passenger elevator, 246 on-site parking spaces, and a residential penthouse of approximately 1,600 square feet. Electrical service is described as three-phase with 1,600 amps, and the building features a new roof completed in 2024.
The asset is located at 32 Russell Rd in Colonie, New York, with convenience to I-90 via Exit 5 (Everett Rd). Public remarks also note CDTA bus access.
The building is currently described as 33% occupied, with approximately 45,170 square feet available for immediate use. The property is identified as MU-CH zoning in the public remarks.
The asset is located at 32 Russell Rd in Colonie, New York, with convenience to I-90 via Exit 5 (Everett Rd). Public remarks also note CDTA bus access.
The building is currently described as 33% occupied, with approximately 45,170 square feet available for immediate use. The property is identified as MU-CH zoning in the public remarks.
Key Highlights
- +/-65,309 SF Class B multi‑tenant office building on +/-2.82 acres with passenger elevator
- 246 on‑site parking spaces (about 4:1 parking ratio)
- New roof (2024)
Property Analytics
Current Use
Lease Details
33%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building with a passenger elevator, 246 parking spaces, and a 2024 roof, offered for sale.
Where is this office building located?
The property is located at 32 Russell Rd Colonie, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: +/-65,309 SF Class B multi‑tenant office building on +/-2.82 acres with passenger elevator; 246 on‑site parking spaces (about 4:1 parking ratio); New roof (2024)
