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Property profile & analytics
OFF-MARKET
Office Spaces

69 Columbia St Albany, NY 12210

2,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 2,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Kindlon Law Firm, PLLC Law Firm
  • D'Alessandro Richard Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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