Property profile

107 Columbia St Albany, NY 12210

OFF-MARKET
Office buildings
Property ID
US63-0117997
3,400 SF 0.11 ac lot Built 1828
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,969 square foot creative office building at 107 Columbia Street in Albany, NY, presents a unique investment opportunity. Currently vacant, this Class B property offers significant potential for adaptive reuse, particularly as residential units. The property comprises three three-story row-attached buildings situated on a single tax parcel within Albany's government and courts district. Its historical charm is complemented by modern upgrades, including updated mechanical systems, package cooling units, and a generator, significantly reducing the hurdles of conversion. The efficient floor plans, multiple floors, and multiple points of entry/exit facilitate a smooth transition to residential use. The permitted zoning is MU-DT, allowing for a variety of development options. Located in Albany County, NY, 12210, this property offers a compelling blend of historical character and modern amenities, making it an ideal candidate for a savvy investor seeking a high-return project. The asking price is $659,000. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1828
Total area 3,400 SF
Lot 0.11 ac (4,960 SF)
Zoning code C3
APN 010100 76.26-3-20
UPID US63-0117997

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

107 Columbia St Albany, NY 12210-2707
Albany metro Census 1100 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
$765k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M

Owner & transaction history

since 2025
Last sale
$1.2M
3 recorded transactions
2025
$1.2M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

C3 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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