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    9 Washington Sq Albany, NY 12205

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    For Sale
    $3,199,000

    Mixed-use property featuring residential and commercial tenants, great cash flow.

    Property size:
    33,130 SF
    Lot size:
    1.58 Acres

    Property Features for 9 Washington Sq

    General Information

    Standard status
    Active
    Size
    33,130 SF
    Lot size
    1.58 Acres

    Building Details

    Year built
    1985

    Source: SCOTT FILM REALTY, LLC Agent SCOTT M FILM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with High-End Finishes

    This mixed-use property features both residential and commercial tenants. The Class A+ office building is in superior condition with high-end finishes. The property has a professional tenant mix and solid leases, generating great cash flow. It offers easy access to Route 155, I-90, I-87, downtown Albany, and the Nanotech Center. The property consists of 9 residential units and 6 commercial spaces. The capitalization rate is 9.5%. The property size is 33130 square feet. The current owner may consider holding a second mortgage if retained as the building manager.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Van Aken Megan Attorney Kinetic Training Personal Trainer M-F Reporting, Inc. Court Reporter Empire Financial Partners Financial Consultant Mazzotta and Vagianelis, P.C. Attorney

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8672534
    Latitude
    42.7122301

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring residential and commercial tenants, great cash flow.
    Where is this mixed-use property located?
    The property is located at 9 Washington Sq Albany, NY.
    What is the asking price?
    The asking price for this property is $3,199,000.
    What are key features of this property?
    This property features: - High 9.5% CAP Rate; - Mixed-Use Property (Residential and Commercial); - Class A+ Office Building with High-End Finishes
    (518) 274-8001
    Request Owner's contact information
    9 Washington Sq Albany, NY 12205
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    Albany, NY 12205
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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
    9 Washington Sq Albany, NY 12205
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