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    40-50 Beaver St Albany, NY 12207

    Sponsored
    For Lease
    $18 SF/Yr

    Class A Office, Downtown Albany, NY

    Lot size:
    50,978 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, located at 40-50 Beaver Street in Albany, NY, offers 50,978 square feet of premium executive office space. Currently fully vacant, this eight-suite building provides flexible options for businesses of all sizes. Units range from a minimum of 1,600 square feet to a maximum contiguous space of 20,050 square feet, allowing for customization to meet specific needs. The building is situated in a highly desirable downtown location, just steps away from state capital buildings and the MVP Arena, offering unparalleled convenience and prestige. Enjoy breathtaking views of the Albany skyline and the Hudson River. The property boasts easy access to major highways, including I-90 and I-787, ensuring seamless commutes for employees and clients. Further enhancing the appeal, the building offers convenient interior garage parking and access to a fitness center in an adjacent building. A wealth of dining and shopping options are within easy reach, creating a vibrant and convenient work environment. The owner is willing to subdivide spaces and even undertake build-to-suit projects to accommodate specific tenant requirements. This is a rare opportunity to secure a prestigious and highly functional office space in the heart of Albany. The property is located in Albany County, NY, with a zip code of 12207.

    Property Features for 40-50 Beaver St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,978 SF
    Class
    A
    Total Rate
    78591.08

    Unit(s) available at that property

    Space
    Available Space 8
    Size
    10,025 SF
    Rate per SF
    $18
    Space
    Available Space 1
    Size
    7,153 SF
    Rate per SF
    $18
    Space
    Available Space 2
    Size
    7,153 SF
    Rate per SF
    $18
    Space
    Available Space 3
    Size
    1,662 SF
    Rate per SF
    $18
    Space
    Available Space 4
    Size
    6,903 SF
    Rate per SF
    $18
    Space
    Available Space 5
    Size
    6,040 SF
    Rate per SF
    $18
    Space
    Available Space 6
    Size
    2,017 SF
    Rate per SF
    $18
    Space
    Available Space 7
    Size
    10,025 SF
    Rate per SF
    $18

    HighLights

    • Prime downtown Albany location, steps from State Capitol and MVP Arena.
    • 50,978 SF Class A office building, fully vacant, offering suites from 1,600 SF to 20,050 SF contiguous.
    • Stunning city skyline and Hudson River views.
    • Easy access to I‑90 and I‑787.
    • On‑site interior garage parking.
    • Adjacent fitness center access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7526583
    Latitude
    42.648354

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Downtown Albany, NY
    Where is this office property / space located?
    The property is located at 40-50 Beaver St Albany, NY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Albany location, steps from State Capitol and MVP Arena.; 50,978 SF Class A office building, fully vacant, offering suites from 1,600 SF to 20,050 SF contiguous.; Stunning city skyline and Hudson River views.
    Request Owner's contact information
    40-50 Beaver St Albany, NY 12207
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    Albany, NY 12207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40-50 Beaver St Albany, NY 12207
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