Building Details

Year Built 1868

Listing Agency: Crystal Coleman Realty, LLC

Listed By: Crystal Coleman · License #10491208787 Show Phone

Source: Amodiorealestate

Added: May 27 Changed: Oct 5 Last Checked: Oct 7 at 1:41PM

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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 Crystal Coleman Realty, LLC

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Investment Insights

Based on property information with market context.

The Venue on Congress is a luxury property located in Cohoes, New York. This income-driven event and hospitality destination spans an entire city block. Originally constructed in 1875, the property is a French Gothic church that has been reimagined into a multi-functional venue. It features 50-foot ceilings, stained glass, and hand-carved oak details. The property offers over 8,000 sq ft of space, including 11 guest rooms, a tavern-style bar, and a commercial kitchen designed to support large-scale events. An outdoor courtyard includes a firepit, stage, and dedicated food truck area. A private parking lot and three-car garage are also present. The Venue on Congress is suited for weddings, live performances, private events, boutique hospitality, or a live/work concept. The property is suitable for various business opportunities.

Key Highlights

• Fully operational, income‑driven event and hospitality destination.
• Boasting 8,000 sq ft of versatile space including 11 guest rooms, tavern‑style bar, and commercial kitchen.
• Features a historic French Gothic church with 50‑foot ceilings, stained glass, and hand‑carved oak details.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,752

Cap Rate

8.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,415,040 $1.4M

Cap Rate 7%

$1,010,743 $1.0M

Cap Rate 9%

$786,133 $786.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,389 SF

Gross rent

$331.0K $18.00/SF

− Vacancy

−$182.1K −$9.90/SF

EGI

$149.0K $8.10/SF

− OpEx

−$78.2K −$4.25/SF

NOI

$70.8K $3.85/SF

Area

Albany County, NY

Vacancy

55.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,415,040

Cap Rate 7%

$1,010,743

Cap Rate 9%

$786,133

Alternative Uses

Best Use

Hotel Hospitality

$1.01M

$884.4K – $1.18M (±1% cap)

NOI $70,752 @ 7.0% cap · market cap 8.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.74M

$5.02M – $6.69M (±1% cap)

NOI $401,672 @ 7.0% cap · market cap 47.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Cohoes French Club Association / Organization The Venue Wedding Service

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Cafe & Coffee Shop Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

702

Businesses Nearby

Explore this area Business Placement

Demographics for 12047, NY

23,347

Population

10,963

Households

2.1

Avg Household Size

40

Median Age

33%

College-Educated

91%

High-School Grad

8.8 sq mi

ZIP Area

2,653

Density / Sq Mi

$66,970

Median Household Income

$46,476

Median Earnings

$1,213

Median Rent

$237,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Wedding venue - Luxury event and hospitality destination in Cohoes, New York.

Where is this wedding venue located?

The property is located at 65 Congress St Cohoes, NY.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: Fully operational, income‑driven event and hospitality destination.; Boasting **8,000 sq ft of versatile space** including 11 guest rooms, tavern‑style bar, and commercial kitchen.; Features a **historic French Gothic church** with 50‑foot ceilings, stained glass, and hand‑carved oak details.