Financial
Distress signals
Property profile

41 State St Albany, NY 12207

FOR LEASE
Office buildings
Property ID
US63-3348408
164,991 SF 0.43 ac lot Built 1968
Last sale Dec 1997 · $9,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 26-yr Hold Held for 26 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

41 State is a 12-story office building. It is situated about two blocks from I-787 and within a short drive to I-90 and I-87. The building’s office suites are configured with floor-to-ceiling windows, providing natural light and views of the Hudson Valley and the city. Improvements to building systems include elevator modernization, enhanced UV air purification, and a replaced roofing system. Property amenities include an on-site parking garage as well as retail space that has historically

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$5.31M
Assessed land$200k
Assessed improvement$5.11M

Value estimate

· Sep 2026
$590k
$531k – $649k
NOI build-up
Gross scheduled income$4.40M
Vacancy & credit loss−$783k
Operating expenses−$904k
NOI · 271,187,200.00% cap applied$2.71M

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?
271,187,200.00%
$2.71M 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: Skin Care Clinic
Demand index
Skin Care Clinic10.4
Carpet & Flooring Store9.8
Pet Grooming Service9.0

Location

41 State St Albany, NY 12207
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 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16 Eagle, Albany, NY 12207-1019 $330,000 Aug 2024 100,664 SF
69 State, Albany, NY 12207-2512 $374,000 Jun 2024 136,080 SF
927 Broadway, Albany, NY 12207-1306 $1,900,000 May 2024 36,156 SF
126 State, Albany, NY 12207-1654 $268,000 Sep 2020 30,888 SF
67 Pearl, Albany, NY 12207-2711 $950,000 Mar 2019 55,710 SF
29 Elk, Albany, NY 12207-1037 $800,000 Nov 2018 30,497 SF
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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