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Financial
Distress signals
Property profile

40 Colvin Ave Albany, NY 12206

OFF-MARKET
Office buildings
Property ID
US63-3976535
15,120 SF 0.53 ac lot Built 1965
Last sale Feb 2018 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a specialty commercial building offering three first-floor spaces measuring approximately 1,200 SF, 1,600 SF, and 800 SF. The layout can be modified to accommodate tenant requirements, and rear-building access is planned to be handicap accessible. The building is located in midtown Albany near the Nano Tech Campus and SUNYA, with access to I-90 and Route 85; utility services and janitorial services are provided as part of the building’s operating arrangements.

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$300k
Assessed land$100k
Assessed improvement$200k

Value estimate

· Oct 2026
$215k
$194k – $237k
AI approach$215k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$72/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$19 – $124

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CO
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency13.3
Cafe & Coffee Shop10.8
Nail Salon9.7

Location

40 Colvin Ave Albany, NY 12206-1104
County assessor Recorded deeds · 6 transfers 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

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1365 Washington Ave, Albany, NY 12206-1068 $565,693 Jul 2024 No data
500 Patroon Crk Blvd, Albany, NY 12206-5006 $6,300,000 May 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $1,750,000
    17,674 SF
    71 Terminal St
    OFFICE BUILDING
    71 Terminal St, Albany, NY 12206-2241
    View Details
  • Value Estimation
    $505,000
    12,400 SF
    35 Colvin Ave
    OFFICE BUILDING
    35 Colvin Ave, Albany, NY 12206-1103
    View Details
  • Value Estimation
    $505,000
    19,000 SF
    8 Colvin Ave
    OFFICE BUILDING
    8 Colvin Ave, Albany, NY 12206
    View Details
  • Value Estimation
    $335,000
    11,940 SF
    63 Colvin Ave
    OFFICE BUILDING
    63 Colvin Ave, Albany, NY 12206-1111
    View Details
  • Value Estimation
    $1,765,000
    20,000 SF
    28 Essex St
    OFFICE BUILDING
    28 Essex St, Albany, NY 12206-2039
    View Details
  • Value Estimation
    $260,000
    11,288 SF
    28 Colvin Ave
    OFFICE BUILDING
    28 Colvin Ave, Albany, NY 12206-1101
    View Details

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  • $270,000
    3,376 SF
    Office Building with Conversion Potential
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  • $899,000
    0.51 Acres
    Versatile Mixed-Use Commercial Building
    Mixed-use property with storefront, office, warehouse, parking, and additional unfinished spaces along Central Avenue.
    233 Central Avenue, Albany, NY 12206
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Similar Nearby for Lease

  • New
    Contact for pricing
    24,208 sqft
    Build-to-Suit Office Building
    Up to 28,210 SF of ADA-accessible office space with ample free parking and build-to-suit availability.
    32 Russell Rd, Colonie, NY 12206
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  • New
    Contact for pricing
    34,132 sqft
    Albany Office/Retail Building For Lease
    34,132 SF office/retail building with parking in Albany, NY.
    145 Central Avenue, Albany, NY 12206
    View Details
  • New
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    748 sqft
    Albany Office Suites For Lease
    Multiple office suites available for lease in Albany, NY.
    175 Central Ave, Albany, NY 12206
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40 Colvin Ave, Albany, NY, 12206
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