Property profile

402 Broadway Albany, NY 12207

OFF-MARKET
Other investment properties
Property ID
US63-2988071
3,796 SF 0.03 ac lot Built 1880
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This brick mixed-use property is located in Downtown Albany and includes a street-level commercial storefront with two display windows plus three residential units above. The commercial portion was previously used as an esthetician’s salon and office space and is configured as an interior commercial space suitable for a variety of business uses. The building includes direct access to a bus line immediately outside the front area and is within walking distance of SUNY-related buildings, universities, parking garages, stores, restaurants, and the Palace Theatre.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1880
Total area 3,796 SF
Lot 0.03 ac (1,209 SF)
Zoning code C3
APN 010100 76.42-3-38
UPID US63-2988071

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center
  • Coworking & Hybrid Office
  • Property Management Company
  • Grocery & Convenience Store

Location

402 Broadway Albany, NY 12207-2981
Albany metro Census 1100 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2017
3 recorded transactions
2017
$41,000
2011
Price N/A
1969
Price N/A

Zoning & alternative use

C3 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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