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    FOR LEASE
    Warehouses

    150 Broadway, Menands, NY 12204

    19,274 SF 24.8 ac lot Built 1955
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1026252
    Property summary
    AI-generated overview

    This exceptional sublease opportunity presents ±6,126 square feet of warehouse space within a larger, ±977,000 square foot mixed-use building located at 150 Broadway in Menands, New York. The property is zoned BBD and situated in Albany County, offering convenient access via Broadway. The building boasts ample parking with 2,000 spaces available for tenants and their visitors. This single-tenant industrial space is ideal for businesses seeking a well-located, functional warehouse solution. The sublease term commences in July 2024 and extends through July 31st, 2026, providing a solid timeframe for occupancy. The property's location in Menands, NY, offers easy access to major transportation routes, making it a strategic choice for distribution and logistics operations. With its substantial size and convenient amenities, this warehouse space presents a compelling opportunity for businesses seeking to establish or expand their operations in the Albany County area. The building's overall size of approximately 977,000 square feet indicates a substantial and well-established presence in the Menands commercial landscape. The availability of this ±6,126 square foot space represents a unique chance to secure a portion of this prime industrial real estate. The zip code for this property is 12204.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1955
    Total area 19,274 SF
    Lot 24.8 ac (1,080,288 SF)
    Zoning code 84
    APN 012603 55.13-1-3
    UPID US63-1026252
    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
    • Brian Buder Registered General Nurse
    • Bishop Beaudry Construction LLC Construction Company General Contractor
    • Bureau of Narcotic Enforcement State Government Office
    • NAMI New York State Charitable Organization Social Service Agency
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.37M
    Blend (final) Blend
    $1.40M
    Owner & transaction history
    Riverview Tei IV LLC · 3 yrs held
    Riverview Tei IV LLC
    since 2022
    7 recorded transactions
    2022
    2022
    $1.2M
    2022
    $5.1M
    2022
    $2.0M
    2022
    $1.0M
    2022
    $1.0M
    2021
    $19.0M
    Zoning & alternative use
    84 · Menands, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.1M +113.4%
    Commercial (general) $1.5M +53.7%
    Office building $1.4M +40.8%
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    More about this property
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