Mixed-Use Building with Kitchen
For Sale
$274,900
54 James Street, Albany, NY 12207
COMMERCIAL - Albany, NY
Property Size1,008 SF
Lot Size0.01 Acres
Price / SF$272.72
Days on Market131
Property Features for 54 James Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
On Street
Basement
Interior Entry, Unfinished
Lot features
Road Frontage
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Broadway to Columbia St, left on James St. Property on the Right.
Standard status
Active
APN
010100 76.34-3-7
Size
1,008 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
7047
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Flooring type
Tile, Hardwood, Vinyl
Building materials
Brick
Roof type
Rubber, Flat
Listing Agency:
Kellie Kieley Realty LLC
(518) 225-0454
Listed By:
Brian A Amaral · License #10301220733
(518) 250-9499
Added: Mar 23
Changed: Jul 24
Last Checked: Jul 31 at 12:06AM
MLS# 202613937
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property offers street-level commercial space and a second-floor one-bedroom apartment, with both units scheduled to be delivered vacant beginning August 15. The commercial space includes existing restaurant infrastructure, including a built-in commercial kitchen hood, grease trap, and a private restroom. While currently configured for restaurant use, the space is described as adaptable for a range of permitted commercial uses, including restaurant, cafe, bakery, retail, office, professional services, and salon.
The building is located directly across from Tricentennial Park in downtown Albany’s walkable corridor, with convenient access to downtown businesses, restaurants, government offices, public transportation, and major highways.
Additional property details include a roof replacement completed in August 2020. The property is being sold AS-IS, and showings are available by appointment only.
The building is located directly across from Tricentennial Park in downtown Albany’s walkable corridor, with convenient access to downtown businesses, restaurants, government offices, public transportation, and major highways.
Additional property details include a roof replacement completed in August 2020. The property is being sold AS-IS, and showings are available by appointment only.
Key Highlights
- Mixed‑use building built in 1910 with street‑level commercial space and a second‑floor 1‑bedroom apartment
- Street‑level commercial and second‑floor apartment will be delivered vacant beginning August 15
- Commercial space includes existing restaurant infrastructure with a built‑in commercial kitchen hood, grease trap, and private restroom
Financial Insights For Specialty Retail
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 | $20.0k | $19.80 |
| − Vacancy | −$1.3k | −$1.33 |
| EGI | $18.6k | $18.47 |
| − OpEx | −$4.7k | −$4.62 |
| NOI | $14.0k | $13.86 |
1,008 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$199.5K
$174.6K – $232.8K
NOI $13,966 @ 7.0% cap · market cap 5.08%
Second Best
Office B
$197.1K
$172.5K – $229.9K
NOI $13,796 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
3,355
Businesses Nearby
Explore this area
Business Placement
Demographics for 12207, NY
2,399
Population
1,553
Households
1.5
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,399
Density / Sq Mi
$32,418
Median Household Income
$49,531
Median Earnings
$689
Median Rent
$242,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Vacant street-level commercial space with built-in kitchen hood and grease trap plus a second-floor one-bedroom apartment.
Where is this live-work space located?
The property is located at 54 James Street Albany, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Mixed‑use building built in 1910 with street‑level commercial space and a second‑floor 1‑bedroom apartment; Street‑level commercial and second‑floor apartment will be delivered vacant beginning August 15; Commercial space includes existing restaurant infrastructure with a built‑in commercial kitchen hood, grease trap, and private restroom
