404 Delaware Avenue, Albany, NY 12209
For sale mixed-use building with an occupied retail storefront plus one vacant 1BR and one occupied 3BR apartment.
- Added:
- May 1, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 20 at 7:12 am
Property Features for 404 Delaware Avenue
General Information
- Standard status
- Active
- Size
- 2,425 SF
- Property subtype
- Commercial
Listing office BA Realty Group
Listing date May 1, 2026
Source Signatureonerealtygroup
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 BA Realty Group
HighLights
- Mixed‑use building with an occupied retail storefront and 2 apartments
- Storefront currently occupied by a hair salon (shown by appointment only)
- Apt 1 is a vacant 1BR apartment
- Apt 2 is an occupied 3BR apartment
Overview
The building is located in the heart of the Delaware Avenue Business District and is close to the Spectrum Theater and numerous restaurants, supporting retail and neighborhood-serving uses.
The combination of an active storefront and residential units can be attractive to buyers seeking a property with both income-producing and flexible components, given that one apartment is available while the other remains occupied. Prospective tenants, investors, and owner-occupants should note that access to the storefront is appointment-based, and the property’s current configuration features a functioning retail space alongside one vacant and one occupied apartment.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.1k | $18.60 |
| − Vacancy | −$3.2k | −$1.34 |
| EGI | $41.9k | $17.26 |
| − OpEx | −$12.6k | −$5.18 |
| NOI | $29.3k | $12.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7819926
- Latitude
- 42.6407997
