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Property profile & analytics
FOR SALE
Strip malls
359 Northern Blvd, Albany, NY 12204
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-0449691
For Sale
1 / 9
$11,999,000
359 Northern Blvd, Albany, NY 12204
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1953
Total area
61,044 SF
Lot
3.25 ac (141,504 SF)
Zoning code
C1
APN
010100 65.7-3-24
UPID
US63-0449691
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
-
Cafe Madison 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
Df Acquisitions LLC · 8 yrs held
Df Acquisitions LLC
since 2017
3 recorded transactions
Zoning & alternative use
C1 · 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
$1,441,000
Assessed 2023
Previous assessed
$1,441,000
+0.0% YoY
Assessed land
$980,800
Assessed improvement
$460,200
Land market value
$1,384,724
Improvement market value
$649,725
Total market value
$2,034,449
Applied tax rate
10,100.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1953
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
61,044 SF
Lot
3.25 ac (141,504 SF)
Zoning code
C1
APN
010100 65.7-3-24
UPID
US63-0449691
Jurisdiction
ALBANY
Zoning & alternative use
C1 · Albany, NY
Zoning C1 · permitted uses
C1 · 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
1953
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
3.25 ac
Current owner
From public records · entity-resolved
Df Acquisitions LLC
Entity
Free & Clear · 8 yrs held
Mailing address
99 WASHINGTON AVE STE #304, ALBANY, NY 12210-2804
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
—
Df Acquisitions LLC
—
Deed
related
$7,500,000 · Rhinebeck Savings Bank
Aug 7, 2017
—
Df Acquistions LLC
—
Deed
related
$7,200,000 · Pioneer Savings Bank
Jul 17, 2017
$1,750,000
Df Acquisitions LLC
Referee Of Albany County|sky Four Realty LLC
Trustees Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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