New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
1620 Western Ave, Albany, NY 12203-4219
Entity Owned
18-yr Hold
Free & Clear
Property ID
US63-5856584
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Total area
6,932 SF
Lot
1.14 ac (49,658 SF)
Zoning code
LB
APN
013089 52.14-4-17
UPID
US63-5856584
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
-
Hana Japanese Steak House and Sushi Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1620 Western Ave LLC · 18 yrs held
1620 Western Ave LLC
since 2008
7 recorded transactions
Zoning & alternative use
LB · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,312,000
Assessed 2023
Previous assessed
$1,312,000
+0.0% YoY
Assessed land
$342,000
Assessed improvement
$970,000
Land market value
$402,353
Improvement market value
$1,141,176
Total market value
$1,543,529
Applied tax rate
13,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,932 SF
Lot
1.14 ac (49,658 SF)
Zoning code
LB
APN
013089 52.14-4-17
UPID
US63-5856584
Jurisdiction
ALBANY
Zoning & alternative use
LB · Albany, NY
Zoning LB · permitted uses
LB · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
1620 Western Ave LLC
Entity
Free & Clear · 18 yrs held
Mailing address
29 VALE DR, SOUTH BURLINGTON, VT 05403-5403
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
1620 Western Avenue LLC
—
Deed
related
$1,000,000 · Nbt Bank National Association
Mar 5, 2018
—
1620 Western Avenue LLC
—
Deed
related
$1,132,500 · Td Bk NA
Jan 9, 2008
$1,510,000
1620 Western Ave LLC
Guilderland Props LLC
Grant Deed
—
—
—
1620 Western Avenue LLC
—
Deed Of Trust
related
$261,354 · Td Bank NA
—
—
1620 Western Avenue LLC
—
Deed Of Trust
related
$1,132,500 · Td Bank NA
—
—
1620 Western Avenue LLC
—
Loan Modification
related
$940,014 · Td Bk NA
—
—
1620 Western Avenue LLC
—
Loan Modification
related
$1,132,500 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1620 Western Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
