Brick Office Building with Private
New
For Sale
$525,000
95 Columbia Street, Albany, NY 12210
Commercial Sale, Albany, NY
Property Size3,220 SF
Lot Size0.07 Acres
Price / SF$163.04
Days on Market2
Property Features for 95 Columbia Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking
8
Interior features
Crown Molding
Elementary school
Arbor Hill
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
90 East to 6A to 787 South, take Exit 4B, left onto North Pearl Street. Right onto Lodge Street, Left onto Columbia Street.
Standard status
Active
APN
010100 76.26-3-14
Size
3,220 SF
Lot size
0.07 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
10003
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Flooring type
Wood, Carpet
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Jessica L Richer · License #10301202070
(518) 364-7406
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 8:06AM
MLS# 202629247
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.
This 3,220-square-foot office building has three floors and a lower level that may be used for office or residential purposes. Built in 1880, the brick structure features crown molding, wood and carpet flooring, forced-air natural gas heat, and central air conditioning. The property also includes a separate parking lot at 29 Chapel Street with space for 8 cars.
The building is at 95 Columbia Street in Albany, near the Legislative Office Building, the Capitol, and Albany City Hall. Commercial zoning and public water and sewer serve the property.
The building is at 95 Columbia Street in Albany, near the Legislative Office Building, the Capitol, and Albany City Hall. Commercial zoning and public water and sewer serve the property.
Key Highlights
- 3,220 square feet across three floors, plus a lower level
- Separate parking lot at 29 Chapel Street with space for 8 cars
- Brick construction; built in 1880
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,787
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three floors of office space include a lower level that can accommodate 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 feet across three floors, plus a lower level; Separate parking lot at 29 Chapel Street with space for 8 cars; Brick construction; built in 1880
