Mixed-Use Portfolio with Retail
337 Central Avenue, Albany, NY 12206
For Sale
$1,650,000
Commercial Sale, Albany, NY
Property Size3,696 SF
Lot Size0.04 Acres
Price / SF$446.43
Days on Market97
Property Features for 337 Central Avenue
General Information
Property type
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Zoning
Parking features
Basement
Elementary school
High school
Elementary school district
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High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
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Building Details
Year built
Floors in Building
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Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Jessica L Richer · License NY #10301202070
(518) 364-7406
Added: Aug 10
Changed: Oct 27
Last Checked: Nov 14 at 12:06AM
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.
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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
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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
$162,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Albany, NY
Properties on Market for Mixed-use properties in Albany
Vacancy Rate% for Multifamily in Northeast region
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
