Mixed-Use Building with Restaurant
For Sale
$274,900
Pending
54 James Street, Albany, NY 12207
Commercial Sale, Albany, NY
Property Size1,008 SF
Lot Size0.01 Acres
Days on Market197
Property Features for 54 James Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
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
Pending
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), Baseboard, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Flooring type
Hardwood, Tile, Vinyl
Building materials
Brick
Roof type
Flat, Rubber
Listing Agency:
Kellie Kieley Realty LLC
(518) 225-0454
Listed By:
Brian A Amaral · License #10301220733
(518) 250-9499
Added: Mar 23
Changed: Sep 12
Last Checked: Oct 5 at 1:06PM
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 1,008-square-foot mixed-use property combines a street-level commercial area with a second-floor one-bedroom apartment. The commercial space includes a built-in hood, grease trap, and private restroom, supporting restaurant-oriented use while accommodating other permitted commercial applications. The building is constructed of brick and has hardwood, tile, and vinyl flooring. Both components are scheduled for vacant delivery beginning August 15, and the property is offered in its present condition.
Located at 54 James Street, the building sits across from Tricentennial Park in downtown Albany. Nearby context includes downtown businesses, restaurants, government offices, public transportation, and major highways. The property has a rubber flat roof replaced in August 2020, public water and sewer, electric baseboard heating, natural gas service, window-unit cooling, and on-street parking.
Located at 54 James Street, the building sits across from Tricentennial Park in downtown Albany. Nearby context includes downtown businesses, restaurants, government offices, public transportation, and major highways. The property has a rubber flat roof replaced in August 2020, public water and sewer, electric baseboard heating, natural gas service, window-unit cooling, and on-street parking.
Key Highlights
- 1,008‑square‑foot mixed‑use building with commercial space and a second‑floor one‑bedroom apartment
- Street‑level commercial area includes a built‑in hood, grease trap, and private restroom
- Both commercial and residential components scheduled for vacant delivery beginning August 15
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,966
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,320
$279.3K
Cap Rate 7%
$199,514
$199.5K
Cap Rate 9%
$155,178
$155.2K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$20.0K $19.80/SF
− Vacancy
−$1.3K −$1.33/SF
EGI
$18.6K $18.47/SF
− OpEx
−$4.7K −$4.62/SF
NOI
$14.0K $13.86/SF
Area
Albany, NY
Vacancy
6.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,320
Cap Rate 7%
$199,514
Cap Rate 9%
$155,178
Alternative Uses
Best Use
Specialty Retail
$199.5K
$174.6K – $232.8K
NOI $13,966 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$174.0K
$152.2K – $203.0K
NOI $12,179 @ 7.0% cap · market cap 4.43%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
3,355
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Shops & Services 29%
Renaissance Albany Hotel
Hotels & Casinos
6,703 visits/mo
0.4 miles
Sunoco
Shops & Services
5,588 visits/mo
0.4 miles
Hampton Inn & Suites Albany Downtown
Hotels & Casinos
4,856 visits/mo
0.2 miles
Hyatt Place
Hotels & Casinos
2,110 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a street-facing commercial suite with a one-bedroom apartment in downtown Albany.
Where is this mixed-use property 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: 1,008‑square‑foot mixed‑use building with commercial space and a second‑floor one‑bedroom apartment; Street‑level commercial area includes a built‑in hood, grease trap, and private restroom; Both commercial and residential components scheduled for vacant delivery beginning August 15
