Mixed-Use Albany Property For
For Sale
$2,450,000
368 Central Avenue, Albany, NY 12206
Mixed-use property available for sale in Albany, New York.
Property Size16,420 SF
Price / SF$149.21
Days on Market196
Property Features for 368 Central Avenue
General Information
Standard status
Active
Size
16,420 SF
Property subtype
Industrial
Building Details
Building Size
16,420 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Mar 27
Changed: Sep 3
Last Checked: Oct 7 at 8:40AM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This mixed-use property, located in Albany, New York, is available for sale. The property offers a total size of 16420 square feet and is suitable for commercial real estate ventures, including retail, office, and industrial uses.
Key Highlights
- No property information provided.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,729
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,494,580
$4.5M
Cap Rate 7%
$3,210,414
$3.2M
Cap Rate 9%
$2,496,989
$2.5M
Market Conditions
NOI Build-Up for 16,420 SF
Gross rent
$364.5K $22.20/SF
− Vacancy
−$64.9K −$3.95/SF
EGI
$299.6K $18.25/SF
− OpEx
−$74.9K −$4.56/SF
NOI
$224.7K $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%
$4,494,580
Cap Rate 7%
$3,210,414
Cap Rate 9%
$2,496,989
Alternative Uses
Best Use
Office B
$3.21M
$2.81M – $3.75M
NOI $224,729 @ 7.0% cap · market cap 9.17%
Second Best
Retail
$2.83M
$2.48M – $3.31M
NOI $198,396 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $303,245 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,647
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property available for sale in Albany, New York.
Where is this mixed-use property located?
The property is located at 368 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: No property information provided.
