69 Columbia St Albany, NY 12210
This well-appointed, recently renovated 2,000 square foot office building presents a fantastic opportunity in Albany's vibrant downtown. Located just half a block from North Pearl Street, this Class C property offers a highly efficient layout ideal for owner-occupancy. The interior features four private offices, a reception area, both large and small conference rooms, and a convenient kitchenette. Two parking spaces are included in the rear lot, a significant advantage in a bustling urban setting. The building boasts exceptionally efficient mechanical systems, resulting in low utility costs, making the total cost of ownership significantly less than comparable leasing options. A lease option is also available at $17.00 per square foot, modified gross, plus utilities and janitorial services, with operating expense escalations after the first year. The asking price for the building is $299,000, translating to $149.50 per square foot. Existing furnishings are negotiable and can be included in the sale. This property offers a compelling combination of affordability, convenience, and modern amenities, making it an attractive investment for both owner-occupiers and investors seeking a strong rental income stream. The property is situated at 69 Columbia Street, Albany, NY 12210.
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The Kindlon Law Firm, PLLC Law Firm
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D'Alessandro Richard Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.