Mixed-Use Building with
New
For Sale
$324,000
662 Central Avenue, Albany, NY 12206
Commercial Sale, Albany, NY
Property Size2,968 SF
Lot Size0.05 Acres
Price / SF$109.16
Days on Market3
Property Features for 662 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
From I-90: Take Exit 5 (Everett Road) toward Albany. Follow Everett Road south to Central Avenue (Route 5). Turn left onto Central Avenue toward downtown Albany and continue approximately 0.8 miles; 662 Central Ave is in the 600 block, just past Rawson Street. Four on-site parking spaces are at the rear of the building.
Standard status
Active
APN
010100 64.36-1-5
Size
2,968 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7143
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Building materials
Brick
Roof type
Rubber
Buildings
2
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Philip Sabatino · License #10401299525
(518) 376-2717
Added: Oct 30
Last Checked: Nov 1 at 6:06AM
MLS# 202629307
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.
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Investment Insights
Based on property information with market context.
At 662 Central Avenue, a three-story mixed-use building contains ground-floor commercial space and two one-bedroom apartments. Most of the restaurant equipment has been removed, leaving the commercial area without most of its prior equipment. The property is offered with the neighboring two-family building at 664 Central Avenue, creating a two-building assemblage with four apartments in total.
The buildings sit on side-by-side parcels along Central Avenue in Albany. The corridor carries more than 24,000 vehicles daily, and a CDTA bus line identified as the agency’s busiest serves the property. The listing records 2,968 square feet, a 0.05-acre lot, mixed zoning, and a 1975 construction year.
The buildings sit on side-by-side parcels along Central Avenue in Albany. The corridor carries more than 24,000 vehicles daily, and a CDTA bus line identified as the agency’s busiest serves the property. The listing records 2,968 square feet, a 0.05-acre lot, mixed zoning, and a 1975 construction year.
Key Highlights
- Two adjoining buildings at 662 and 664 Central Avenue
- Four apartments across the combined offering
- Three‑story mixed‑use building with ground‑floor commercial space
Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Residential units
24,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
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Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering combines residential units with ground-floor commercial space across two adjoining buildings.
Where is this mixed-use property located?
The property is located at 662 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Two adjoining buildings at 662 and 664 Central Avenue; Four apartments across the combined offering; Three‑story mixed‑use building with ground‑floor commercial space
