54 James Street, Albany, NY 12207
- Added:
- Mar 23, 2026
- Days on Market:
- 85
- Last Refresh:
- Jun 15 at 1:06 pm
Property Features for 54 James Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- On Street
- Basement
- Interior Entry, Unfinished
- 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 agent Brian A Amaral License #10301220733 (518) 250-9499
Listing office Kellie Kieley Realty LLC 1525 Western Ave, Ste. 2A, Albany, NY (518) 225-0454
Listing date Mar 23, 2026
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.
HighLights
- Mixed‑use property across from Tricentennial Park in downtown Albany
- Street‑level commercial space with high‑visibility location and tenant flexibility (new lease, business sale, or relocation)
- One‑bedroom residential unit leased through August 2026
- Roof replaced in August 2020; rubber/flat roof
- Utilities/services: public water and public sewer
- Construction and finishes include brick exterior; flooring includes tile, hardwood, and vinyl
Overview
Located in downtown Albany, the property sits directly across from Tricentennial Park in one of the area’s most walkable corridors. The street-level commercial component is positioned for pedestrian activity, with park views adding appeal for retail, office, or service users. The current commercial tenant is described as flexible, with options including a new lease, a business sale, or relocation for an owner-occupant. Showings are by appointment only, and tenants should not be disturbed.
For investors, the combination of a leased residential unit and a street-level commercial space creates a straightforward platform for stable income plus potential upside. Owner-occupants may also find the live/work and storefront layout practical, allowing commercial operations below while using the upstairs space for a home base or private work area. With mixed zoning, the property is well-suited for a range of downtown use concepts.
Local Financial Insights For Office B
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 | $22.4k | $22.20 |
| − Vacancy | −$4.0k | −$3.95 |
| EGI | $18.4k | $18.25 |
| − OpEx | −$4.6k | −$4.56 |
| NOI | $13.8k | $13.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.750264
- Latitude
- 42.651825
