Mixed-Use Building with
For Sale
Contact for pricing
4-6 Sheridan Avenue, Albany, NY 12207
The restaurant space includes indoor and outdoor seating beneath 13 apartments.
Property Size16,472 SF
Price / SF$0.24
Days on Market109
Property Features for 4-6 Sheridan Avenue
General Information
Standard status
Active
Size
16,472 SF
Property subtype
Mixed Use
Additional Details
Patio
Yes
Building Details
Year Built
1910
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Philip Sabatino · License #10401299525
(518) 376-2717
Source:
Simplywoodardrealestate
Added: Jul 17
Changed: Nov 1
Last Checked: Nov 1 at 3:13PM
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 Hanna Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A restaurant occupies approximately 4,500 square feet within this mixed-use building, with 13 apartments on the upper floors. The restaurant space is built out and provides seating both indoors and outdoors. The building dates to 1910.
The property is at 4-6 Sheridan Avenue in Downtown Albany. More than 500 newly developed residential units are in the surrounding area.
The property is at 4-6 Sheridan Avenue in Downtown Albany. More than 500 newly developed residential units are in the surrounding area.
Key Highlights
- Approximately 4,500 SF of restaurant space
- 13 apartments above the restaurant
- Indoor and outdoor seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,143
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,882,860
$3.9M
Cap Rate 7%
$2,773,471
$2.8M
Cap Rate 9%
$2,157,144
$2.2M
Market Conditions
NOI Build-Up for 16,472 SF
Gross rent
$345.9K $21.00/SF
− Vacancy
−$35.3K −$2.14/SF
EGI
$310.6K $18.86/SF
− OpEx
−$116.5K −$7.07/SF
NOI
$194.1K $11.79/SF
Area
Albany, NY
Vacancy
10.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,882,860
Cap Rate 7%
$2,773,471
Cap Rate 9%
$2,157,144
Alternative Uses
Best Use
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $228,220 @ 7.0% cap · market cap 5,705.50%
Second Best
Mixed Use
$2.77M
$2.43M – $3.24M
NOI $194,143 @ 7.0% cap · market cap 4,853.58%
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M
NOI $304,205 @ 7.0% cap · market cap 7,605.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,787
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 64%
Shops & Services 26%
Electronics 9%
Renaissance Albany Hotel
Hotels & Casinos
6,703 visits/mo
0.2 miles
Sunoco
Shops & Services
5,588 visits/mo
0.4 miles
Hampton Inn & Suites Albany Downtown
Hotels & Casinos
4,856 visits/mo
0.1 miles
Hyatt Place
Hotels & Casinos
2,110 visits/mo
0.3 miles
Boost Mobile
Electronics
2,019 visits/mo
0.4 miles
Demographics for 12207, NY
2,399
Population
1,553
Households
1.5
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,399
Density / Sq Mi
$32,418
Median Household Income
$49,531
Median Earnings
$689
Median Rent
$242,500
Median Home Value
Market
Vacancy Rate% for Retail in Albany, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - The restaurant space includes indoor and outdoor seating beneath 13 apartments.
Where is this mixed-use property located?
The property is located at 4-6 Sheridan Avenue Albany, NY.
What are key features of this property?
This property features: Approximately 4,500 SF of restaurant space; 13 apartments above the restaurant; Indoor and outdoor seating
