Office Suite with Private
For Sale
Contact for pricing
341 Clinton Avenue, Albany, NY 12206
A use restriction limits the property to not-for-profit occupancy.
Property Size2,808 SF
Price / SF$0.47
Days on Market187
Property Features for 341 Clinton Avenue
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
Lobby and reception
five private offices
small conference room
in-suite bathroom
kitchenette
large additional storage room
Building Details
Year Built
1880
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 3:22PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Albany office suite has a lobby and reception area, five private offices, a small conference room, an in-suite bathroom, a kitchenette, and a substantial storage room. A covenant restricts use to not-for-profit purposes.
The property is at the corner of Henry Johnson Boulevard and Clinton Avenue in Albany’s Arbor Hill neighborhood. It is owned and operated by a municipal housing authority.
The property is at the corner of Henry Johnson Boulevard and Clinton Avenue in Albany’s Arbor Hill neighborhood. It is owned and operated by a municipal housing authority.
Key Highlights
- Five private offices, plus a small conference room
- Lobby and reception area
- In‑suite bathroom and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,431
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,620
$768.6K
Cap Rate 7%
$549,014
$549.0K
Cap Rate 9%
$427,011
$427.0K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$62.3K $22.20/SF
− Vacancy
−$11.1K −$3.95/SF
EGI
$51.2K $18.25/SF
− OpEx
−$12.8K −$4.56/SF
NOI
$38.4K $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%
$768,620
Cap Rate 7%
$549,014
Cap Rate 9%
$427,011
Alternative Uses
Best Use
Office B
$549.0K
$480.4K – $640.5K
NOI $38,431 @ 7.0% cap · market cap 2,911.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$740.8K
$648.2K – $864.3K
NOI $51,858 @ 7.0% cap · market cap 3,928.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,081
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A use restriction limits the property to not-for-profit occupancy.
Where is this office unit located?
The property is located at 341 Clinton Avenue Albany, NY.
What are key features of this property?
This property features: Five private offices, plus a small conference room; Lobby and reception area; In‑suite bathroom and kitchenette
