Mixed-Use Portfolio with Retail
For Sale
$1,650,000
337 Central Avenue, Albany, NY 12206
Commercial Sale, Albany, NY
Property Size3,696 SF
Lot Size0.04 Acres
Price / SF$446.43
Days on Market51
Property Features for 337 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Parking features
On Street
Basement
Unfinished
Elementary school
Philip J. Schuyler Achievement
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
90 East to exit 5 Everett Road. Turn left onto Central Avenue. Building located 1.1 miles on left.
Standard status
Active
APN
010100 65.54-5-67
Size
3,696 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5081
Utilities
Sewer type
Public Sewer
Heating system
Steam, Hot Water(Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Jessica L Richer · License #10301202070
(518) 364-7406
Added: Aug 10
Changed: Sep 12
Last Checked: Sep 29 at 9:06AM
MLS# 202623796
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use portfolio includes 5 commercial retail units, a 16-room SRO, a 3-bedroom apartment, and a vacant lot. The principal building contains 3,696 square feet and dates to 1900, with brick construction, hardwood and tile flooring, and a rubber roof. Building systems include steam, hot water, and forced-air heating, central air conditioning, public water, and public sewer.
The portfolio extends across Central Avenue, Quail Street, and Sherman Street in Albany’s Central Avenue Business District. The property includes on-street parking and a 0.04-acre lot. Mixed zoning applies to the property, offering a combination of commercial and residential components within the overall offering.
The portfolio extends across Central Avenue, Quail Street, and Sherman Street in Albany’s Central Avenue Business District. The property includes on-street parking and a 0.04-acre lot. Mixed zoning applies to the property, offering a combination of commercial and residential components within the overall offering.
Key Highlights
- 10% CAP RATE portfolio with 5 commercial retail units
- Includes a 16‑room SRO and 3‑bedroom apartment
- 3,696 square feet; brick construction dating to 1900
Property Analytics
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Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
103
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines commercial and residential components in Albany’s Central Avenue Business District.
Where is this mixed-use property located?
The property is located at 337 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 10% CAP RATE portfolio with 5 commercial retail units; Includes a 16‑room SRO and 3‑bedroom apartment; 3,696 square feet; brick construction dating to 1900
