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Professional Office Space for Lease
For Lease
$13.95 SF/Yr

423 New Karner Road, Albany, NY

Second-floor office space in Shaker Park West professional building.

Space SizeContact for details
Property Size4,156 SF
Days on Market372

Property Features for 423 New Karner Road

General Information

Standard status Active
Size 4,156 SF
Property subtype Office

Building Details

Building Size 4,156 SF
Listing Agency: Pyramidbrokerage
Listed By: Pyramid Brokerage Albany
Source: Pyramidbrokerage
Added: Sep 25, 2025 Changed: Sep 8 Last Checked: Oct 1 at 8:01AM

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 Pyramidbrokerage

Investment Insights

Based on property information with market context.

This property offers a 1150 square foot second-floor office space within a professional building located in Shaker Park West. An additional 500 square foot space is available on the first floor. The location provides abundant parking and is in close proximity to amenities such as a deli, banking facilities, a fitness center, and daycare services.

Key Highlights

  • 1150 sf second floor space in professional building
  • Abundant Parking
  • Close proximity to deli, banking, fitness and daycare

Property Analytics

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Current Use

Flowserve Corporation Industrial Manufacturer Jacobson Richard Law Firm Brown & Brown Recreational ... Insurance Agency Turning Point Condominiums Condominium Complex Kobyshu, Inc. Business Management Consultant

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Grocery & Convenience Store Storage Facility Garden Center

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

NNN (Triple Net)
Lease Type
$2.09 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

668
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Albany, NY

$14.34 /SF/Yr
Avg Asking Price
$1.65–$27 /SF/Yr
Price Range
49,987 SF
Avg Space Size

This space is priced 3% below the average of $14.34 /SF/Yr.

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 units - Second-floor office space in Shaker Park West professional building.
Where is this office units located?
The property is located at 423 New Karner Road Albany, NY.
What is the lease rate?
The lease rate is $13.95 SF/Yr.
What are key features of this property?
This property features: 1150 sf second floor space in professional building; Abundant Parking; Close proximity to deli, banking, fitness and daycare
More about this property
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