Open-Plan Mixed-Use
For Sale
Contact for pricing
41 N Swan Street, Albany, NY 12210
A recorded covenant limits occupancy to nonprofit use.
Property Size3,120 SF
Price / SF$0.30
Days on Market182
Property Features for 41 N Swan Street
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Office
Additional Details
Corner Location
Yes
Property Use
Office/Retail
Amenities
private bathroom
Building Details
Year Built
1920
Listing Agency:
NAI Platform LLC
(518) 465-1400
Listed By:
Stephanie Taylor-Durenay · License #10401380188
(518) 888-6453
Source:
Simplywoodardrealestate
Added: May 5
Changed: Nov 1
Last Checked: Nov 1 at 4:06PM
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 NAI Platform LLC
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Investment Insights
Based on property information with market context.
This approximately 988-square-foot space offers an open interior layout and a private bathroom. Built in 1920, the property is classified as mixed-use and has served office or retail functions. A covenant restricts use to nonprofit organizations.
The space is at the corner of N Swan Street and Ten Broeck Place in Albany’s Arbor Hill neighborhood. Ownership and operation are handled by a municipal housing authority.
The space is at the corner of N Swan Street and Ten Broeck Place in Albany’s Arbor Hill neighborhood. Ownership and operation are handled by a municipal housing authority.
Key Highlights
- Approximately 988 square feet of office or retail space
- Open interior layout with a private bathroom
- Covenant requires nonprofit use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,773
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,460
$735.5K
Cap Rate 7%
$525,329
$525.3K
Cap Rate 9%
$408,589
$408.6K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$65.5K $21.00/SF
− Vacancy
−$6.7K −$2.14/SF
EGI
$58.8K $18.86/SF
− OpEx
−$22.1K −$7.07/SF
NOI
$36.8K $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%
$735,460
Cap Rate 7%
$525,329
Cap Rate 9%
$408,589
Alternative Uses
Best Use
Office B
$610.0K
$533.8K – $711.7K
NOI $42,701 @ 7.0% cap · market cap 4,494.84%
Second Best
Retail
$538.5K
$471.2K – $628.3K
NOI $37,698 @ 7.0% cap · market cap 3,968.21%
Theoretical Best
Office A
$823.1K
$720.3K – $960.3K
NOI $57,620 @ 7.0% cap · market cap 6,065.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,360
Businesses Nearby
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Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A recorded covenant limits occupancy to nonprofit use.
Where is this mixed-use property located?
The property is located at 41 N Swan Street Albany, NY.
What are key features of this property?
This property features: Approximately 988 square feet of office or retail space; Open interior layout with a private bathroom; Covenant requires nonprofit use
