Office Building with Private
For Sale
$525,000
95 Columbia Street, Albany, NY 12210
Three office floors and a lower level support office or residential use.
Property Size3,220 SF
Price / SF$163.04
Days on Market10
Property Features for 95 Columbia Street
General Information
Standard status
Active
Size
3,220 SF
Total Parking Spaces
8
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1880
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Hanna Commercial
Listed By:
Jessica L Richer
(518) 364-7406
Source:
Signatureonerealtygroup
Added: Oct 28
Changed: Nov 5
Last Checked: Nov 4 at 5:20PM
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 Hanna Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,220-square-foot property at 95 Columbia Street is a three-story brick office building with office space on each floor. Its lower level can also be used for office or residential purposes. The sale includes a separate parking lot at 29 Chapel Street with capacity for 8 cars.
The property is in downtown Albany, close to the Legislative Office Building, The Capital, and Albany City Hall. The building’s three office floors, flexible lower level, and separate parking lot are part of the offering.
The property is in downtown Albany, close to the Legislative Office Building, The Capital, and Albany City Hall. The building’s three office floors, flexible lower level, and separate parking lot are part of the offering.
Key Highlights
- 3,220‑square‑foot, three‑story brick office building
- Three floors of office space
- Lower level may be used for office or residential purposes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,070
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,400
$881.4K
Cap Rate 7%
$629,571
$629.6K
Cap Rate 9%
$489,667
$489.7K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$71.5K $22.20/SF
− Vacancy
−$12.7K −$3.95/SF
EGI
$58.8K $18.25/SF
− OpEx
−$14.7K −$4.56/SF
NOI
$44.1K $13.69/SF
Area
Albany, NY
Vacancy
17.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,400
Cap Rate 7%
$629,571
Cap Rate 9%
$489,667
Alternative Uses
Best Use
Office B
$629.6K
$550.9K – $734.5K
NOI $44,070 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$849.5K
$743.3K – $991.1K
NOI $59,467 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three office floors and a lower level support office or residential use.
Where is this office building located?
The property is located at 95 Columbia Street Albany, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,220‑square‑foot, three‑story brick office building; Three floors of office space; Lower level may be used for office or residential purposes
