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Financial
Distress signals
Property profile

339 Central Ave Albany, NY 12206

FOR SALE
Theaters & concert halls
Property ID
US63-1549172
7,183 SF 0.37 ac lot Built 1926
Last sale Dec 1998 · $75,000
Individually Owned Owner of record is an individual. 25-yr Hold Held for 25 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 339 Central Ave in Albany, this building was originally constructed as a bank in 1926 and later converted in 2002 into a performing arts and events venue for use as a civic/event space. Zoning and building technical specifications indicate the property can support other civic or institutional uses as well as office or retail use, subject to applicable requirements. The structure’s event-oriented configuration reflects its 2002 conversion while retaining its historic construction characteristics.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.07M
Assessed land$173k
Assessed improvement$895k

Value estimate

· Oct 2026
$190k
$171k – $209k
AI approach$190k
NOI build-up
Gross scheduled income$217k
Vacancy & credit loss−$22k
Operating expenses−$73k
NOI · 10.15% cap applied$122k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
10.15%
$122k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.0
Acupuncture10.5
Tailor Shop9.8

Location

339 Central Ave Albany, NY 12206
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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