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Multi-Suite Office Building
New
For Sale
$779,999

409 New Karner Road, Albany, NY 12205

Commercial Sale, Albany, NY

Property Size12,200 SF
Lot Size0.74 Acres
Price / SF$69.64
Days on Market2

Property Features for 409 New Karner Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial
Parking 46
Parking features Off Street
Interior features High Speed Internet, Walk-In Closet(s), Built-in Features, Crown Molding, DSL Internet, Elevator
Exterior features Lighting
Basement Full, Unfinished
Accessibility Accessible Elevator Installed
Lot features Level
Directions Take Exit 2W (Central Avenue). Head west on central Avenue and turn right into New Karner Road. 409 is a short distance up on the right.
Standard status Active
APN 012689 29.11-5-13.2
Size 11,200 SF
Lot size 0.74 Acres

Taxes and HOA fees

Tax Annual Amount 27461

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1993
Floors in Building 2
Flooring type Carpet
Building materials Brick
Roof type Rubber, Flat
Architectural style Other
Listing Agency: Hanna Commercial
Listed By: Philip Sabatino · License #10401299525
Added: Oct 8 Last Checked: Oct 8 at 11:06PM
MLS# 202627839

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.

Investment Insights

Based on property information with market context.

This brick office property was built in 1993 and contains multiple suites, including Suites 201 and 202, totaling 5,600 square feet available at closing. The current owner will lease back Suite 102. Building features include an elevator, central air, natural gas heat, carpeted floors, and off-street parking. The property occupies a 0.74-acre site and is zoned Commercial.

The Albany property is minutes from I-90, I-87, and Wolf Road. Public water and sewer serve the site. Exterior lighting and an accessible elevator are also present.

Key Highlights

  • 5,600 square feet available at closing in Suites 201 (1,400 SF) and 202 (4,200 SF)
  • Current ownership will lease back Suite 102
  • 0.74‑acre site with Commercial zoning

Property Analytics

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Current Use

New York State ... Association / Organization Restaurant Operator's Cooperative Business Service Center welcome home integrative ... Alternative Medicine Practice Chakra Garden Center ... Family Counselor Holistic Journey Alternative Medicine Practice

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Locksmith HVAC Service Catering Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

728
Businesses Nearby

Demographics for 12205, NY

27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
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

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Brick construction, elevator access, and several tenant suites support a flexible office configuration.
Where is this office building located?
The property is located at 409 New Karner Road Albany, NY.
What is the asking price?
The asking price for this property is $779,999.
What are key features of this property?
This property features: 5,600 square feet available at closing in Suites 201 (1,400 SF) and 202 (4,200 SF); Current ownership will lease back Suite 102; 0.74‑acre site with Commercial zoning
More about this property
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