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Brick Office Building
New
For Sale
$779,999

409 New Karner Road, Albany, NY 12205

Vacant suites and an ownership leaseback provide a mix of available and occupied space.

Property Size12,200 SF
Price / SF$69.64
Days on Market4

Property Features for 409 New Karner Road

General Information

Standard status Active
Size 12,200 SF
Property subtype Commercial

Additional Details

Highway Access Yes

Building Details

Year Built 1993
Buildings 1
Building Size 12,200 SF
Construction brick
Tenancy Multi
Listing Agency: Hanna Commercial
Listed By: Philip Sabatino · License #10401299525
Source: Signatureonerealtygroup
Added: Oct 7 Changed: Oct 10 Last Checked: Oct 9 at 11:56PM

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

Investment Insights

Based on property information with market context.

Built in 1993, this brick office property includes Suites 201 and 202, totaling 5,600 square feet of vacant space available at closing. Current ownership plans to lease back Suite 102, while other tenants remain in place.

The property is on New Karner Road in the Town of Colonie, with I-90, I-87, and Wolf Road described as minutes away.

Key Highlights

  • 5,600 square feet of vacant space in Suites 201 and 202
  • Suite 201 contains 1,400 square feet; Suite 202 contains 4,200 square feet
  • Current ownership will lease back Suite 102

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
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Frequently Asked Questions

What type of property is this?
Office building - Vacant suites and an ownership leaseback provide a mix of available and occupied space.
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 of vacant space in Suites 201 and 202; Suite 201 contains 1,400 square feet; Suite 202 contains 4,200 square feet; Current ownership will lease back Suite 102
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