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    111 Pine St Albany, NY 12207

    Sponsored
    For Sale
    $2,500,000

    11-Unit Multi-Family, Office & Retail

    Property size:
    9,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 111 Pine Street in Albany, NY, presents a lucrative investment opportunity. The 9,520 square foot building, constructed in 1920 and situated on a 0.07-acre lot (APN 76.34-3-26), boasts a prime downtown location. The four-story structure is zoned C3 and comprises eleven units, recently renovated with open-concept layouts and high-end finishes. The building's multi-family, office, and retail configuration offers diverse income streams and significant potential for rental growth. The property's strong location in the vibrant heart of Downtown Albany ensures high occupancy rates and consistent demand. This turnkey investment is ready for immediate income generation, offering a solid foundation for portfolio expansion. The property's historical charm is complemented by modern updates, creating a unique and desirable offering. With its versatile layout and strong rental potential, this property represents a compelling opportunity for investors seeking a high-return, low-maintenance investment in a thriving urban center. The asking price is $2,500,000. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after location.

    Property Features for 111 Pine St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,520 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    4

    HighLights

    • Exceptional mixed‑use property at 111 Pine Street, Albany, NY.
    • 9,520 sq ft building on a 0.07‑acre lot (APN 76.34‑3‑26).
    • Four‑story building, C3 zoning, eleven recently renovated units.
    • Multi‑family, office, and retail configuration.
    • Prime downtown Albany location, high occupancy potential.
    • Turnkey investment, asking price $2,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7507071
    Latitude
    42.65062

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    FAQs

    What type of property is this?
    Mixed-use property - 11-Unit Multi-Family, Office & Retail
    Where is this mixed-use property located?
    The property is located at 111 Pine St Albany, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property at 111 Pine Street, Albany, NY.; 9,520 sq ft building on a 0.07-acre lot (APN 76.34-3-26).; Four-story building, C3 zoning, eleven recently renovated units.
    (518) 464-0870
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    111 Pine 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
    111 Pine St Albany, NY 12207
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