107 Columbia St, Albany, NY 12210-2707
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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
C3 · Albany, NYAlbany. Always verify with local authorities before improvements.
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.