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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Investment properties
425 Madison Ave Albany, NY 12210-1713
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3485030
Property summary
AI-generated overview
This exceptional 2,400 square foot retail space is located in the heart of downtown Albany, at the highly visible intersection of Madison Avenue, Lark Street, and Delaware Avenue. The property boasts abundant natural light from large windows facing both Madison Avenue and Lark Street, ensuring high visibility for your business. Built in 2016, this single-tenant space is part of a larger building totaling 7,176 square feet, situated on a 0.08-acre lot. The building features three stories and offers two parking spaces. While there are no elevators, the property's convenient location directly on a public bus route ensures easy accessibility for customers and employees. High daily foot and vehicle traffic in this vibrant area makes this space ideal for a wide range of retail businesses. The property is zoned MU-NC and offers a first-generation space ready for immediate occupancy. This is a rare opportunity to secure a prime retail location in a thriving downtown Albany neighborhood. The building consists of one structure.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2016
Total area
7,176 SF
Lot
0.08 ac (3,458 SF)
Zoning code
C1
APN
010100 76.31-2-65
UPID
US63-3485030
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
-
New York State Department-Law Library Public Library
-
Each One Inspired: Indigenous Art Across the Homelands Exhibit
-
Fire Engine Hall Exhibit
-
Cohoes Mastodon Exhibit
-
Explore New York: Map Interactive Exhibit
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$1.31M
Owner & transaction history
423 Madison Ave Property LLC · 1 yrs held
423 Madison Ave Property LLC
since 2025
Last sale
$1.4M
4 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
Method
Estimation
Statistic approach
$1,280,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,300,000
7%
$1,210,000
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.39M (Mar 28 2025)
Last sale anchor
$1.39M
Mar 28 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$183 / SF
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
$525,000
Assessed 2023
Previous assessed
$525,000
+0.0% YoY
Assessed land
$27,600
Assessed improvement
$497,400
Land market value
$38,967
Improvement market value
$702,244
Total market value
$741,211
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
1
Stories
3
Total area
7,176 SF
Lot
0.08 ac (3,458 SF)
Zoning code
C1
APN
010100 76.31-2-65
UPID
US63-3485030
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
2016
Heating
NONE
Stories
3
Buildings
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
423 Madison Ave Property LLC
Entity
Free & Clear · 1 yrs held
Mailing address
41 TISDALE LN, CLIFTON PARK, NY 12065-1752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
423 Madison Ave Property LLC
Dilek LLC
Quitclaim Deed
related
—
Mar 26, 2024
$1,390,000
423 Madison Avenue Property LLC
Dilek LLC
Warranty Deed
—
Sep 25, 2013
—
Dilek LLC
—
Trustees Deed
related
$900,000 · Pioneer Savings Bank
Aug 30, 2010
$280,000
Dilek LLC
Yang,hong Q
Warranty 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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