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Downtown Albany Warehouse District Flex
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425 N Pearl St, Albany, NY

Warehouse district flex space with loading dock and ample parking.

Property Size12,155 SF
Lot Size3.04 Acres
Days on Market374

Property Features for 425 N Pearl St

General Information

Standard status Active
Size 12,155 SF
Lot size 3.04 Acres
Property subtype INDUSTRIAL
Listing Agency: Carrow Real Estate Services
Listed By: Rudy R. Lynch · License #10301200002
Source: Moodyscre
Added: Jul 24, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:38AM

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 Carrow Real Estate Services

Investment Insights

Based on property information with market context.

Located in the heart of Downtown Albany's Warehouse District, this property offers 12,155 square feet of warehouse, industrial, and flex space. The building, a former indoor skatepark, is a historic factory recently renovated into 81 luxury apartments. The space includes a breakroom, private office, conference room, and ADA restrooms. It features central air and gas forced air heat, and is fully sprinklered. The property has a 14' ceiling height and a 16'x16' overhead door, along with an internal loading dock. Electric service is 208Y/120V 3 phase 4W. Ample parking is available. The property is located seconds off I-787 exit 4A and is surrounded by numerous dining and entertainment establishments.

Key Highlights

  • Prime location in Downtown Albany's Warehouse District, near dining and entertainment.
  • Ample parking and easy access to I‑787 (Exit 4A).
  • Recently renovated historic factory converted into luxury apartments.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Spa & Massage Center Real Estate Agency Skin Care Clinic Big Box & Wholesale Store Building Supply Storage Facility

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
$1.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

973
Businesses Nearby
Balanced
Demand for This Use

Market

Lease Benchmarks for Albany, NY

$9.27 /SF/Yr
Avg Asking Price
$3.67–$17 /SF/Yr
Price Range
25,270 SF
Avg Space Size

This space is priced 25% below the average of $9.27 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Adirondack Records Management — 45 Learned St, Albany, NY 12207
  • Ritmo Room — 173 Spruce St, Albany, NY 12210
  • Otis Elevator Company — 20 Loudonville Rd, Albany, NY 12204

Frequently Asked Questions

What type of property is this?
Warehouse - Warehouse district flex space with loading dock and ample parking.
Where is this warehouse located?
The property is located at 425 N Pearl St Albany, NY.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: Prime location in Downtown Albany's Warehouse District, near dining and entertainment.; Ample parking and easy access to I‑787 (Exit 4A).; Recently renovated historic factory converted into luxury apartments.
(518) 462-7491 Call to check price and availability
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