Mixed-Use Property with Retail
418 Madison Avenue Albany, NY 12210
418 Madison Avenue, Albany, NY, 12210
$399,900
For Sale
$399,900
Mixed-use building features commercial kitchen and central air on the first floor, plus two bright one-bedroom apartments above.
Property Size3,300 SF
Price / SF$121.18
Days on Market62
Property Features for 418 Madison Avenue
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1869
Listing agency
Coldwell Banker Prime Properties
Listed by
Bahrija Basic
(518) 639-4663
Source
Signatureonerealtygroup
Added: May 22 Updated: Jul 21 at 8:47PM Checked: Jul 21 at 8:47PM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This mixed-use property offers a versatile first-floor commercial space with central air and a commercial kitchen setup, suitable for restaurant, café, retail, office, or other business use. The building also includes a second and third floor with bright, well appointed one-bedroom apartments.
The property is located on Madison Avenue in the Center Square/Hudson Park area of Albany, just steps from Lark St. It’s positioned within a walkable neighborhood close to dining, shopping, Washington Park, downtown amenities, and state offices.
As presented, the building combines street-level commercial space with residential income from two one-bedroom units, supporting multiple uses under one roof.
The property is located on Madison Avenue in the Center Square/Hudson Park area of Albany, just steps from Lark St. It’s positioned within a walkable neighborhood close to dining, shopping, Washington Park, downtown amenities, and state offices.
As presented, the building combines street-level commercial space with residential income from two one-bedroom units, supporting multiple uses under one roof.
Key Highlights
- 1869‑built mixed‑use building on Madison Ave in the Center Square/Hudson Park neighborhood
- First‑floor commercial space with central air and a commercial kitchen setup
- Second and third floors each feature a one‑bedroom apartment
Local Financial Insights For Apartment 5plus
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 | $65.3k | $19.80 |
| − Vacancy | −$4.1k | −$1.23 |
| EGI | $61.3k | $18.57 |
| − OpEx | −$27.6k | −$8.36 |
| NOI | $33.7k | $10.21 |
3,300 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$653.2K
$571.5K – $762.0K
NOI $45,722 @ 7.0% cap · market cap 11.43%
Second Best
Retail
$569.6K
$498.4K – $664.5K
NOI $39,872 @ 7.0% cap · market cap 9.97%
Theoretical Best
Office A
$870.6K
$761.8K – $1.02M
NOI $60,944 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Mixed-use building features commercial kitchen and central air on the first floor, plus two bright one-bedroom apartments above.
Where is this duplex located?
The property is located at 418 Madison Avenue Albany, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1869‑built mixed‑use building on Madison Ave in the Center Square/Hudson Park neighborhood; First‑floor commercial space with central air and a commercial kitchen setup; Second and third floors each feature a one‑bedroom apartment
