52 James St, Albany, NY 12207-2841
- Investment properties
- 22,000 SF
- 0.10 lot acres
Current Use by Public Records
- Aramark / Business Service Center / Conference Center
- Pillot Capital / Hardware & Home Improvement
- We Are Revoultionary / Charitable Organization / Social Service Agency
- ALBANY OFFICE SUITES / Real Estate Agency
- 52 on James / Real Estate Agency
Property Details for 52 James St
- Year built
- 1910
- Lot size
- 0.10 lot acres
- Zone code
- C3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 010100 76.34-3-6
- APU
- 10100763436
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 31, 2022 | $1,040,000 | 52 On James LLC | Pillot 52 James St LLC | Warranty Deed | — |
| Jun 4, 2018 | $1,250,000 | Pillot 52 James St LLC | Tmt James LLC | Grant Deed | $1M · National Union Bk Kinderhook |
| Jun 4, 2018 | — | Pillot 52 James St LLC | Tmt James LLC | Grant Deed · related | $1M · National Union Bk Kinderhook |
| Sep 29, 2006 | $700,000 | Tmt James LLC | James Street Associates | Warranty Deed | — |
| — | — | Tmt James LLC | — | Deed Of Trust · related | $85k · Berkshire Bank |
| — | — | Tmt James LLC | — | Deed Of Trust · related | $6k · Berkshire Bank |
| — | — | Tmt James LLC | — | Deed Of Trust · related | $119k · Berkshire Bank |
Description
This exceptional Class A, five-story office building at 52 James Street in Albany, New York, presents a unique investment opportunity. Boasting 22,000 square feet of space, the property is currently 50% occupied under a modified lease agreement with multiple tenants. Originally constructed in 1910 and extensively renovated in 2016, the building offers a blend of historical charm and modern amenities. The asking price is $1,390,000, translating to $63.18 per square foot. The property is zoned for commercial use and its versatile layout allows for a variety of uses. Its prime downtown location offers excellent visibility and accessibility, further enhanced by the planned redevelopment of Tricentennial Park directly across James Street. The building's existing configuration as executive and traditional office space presents immediate income potential, while its adaptable design lends itself to conversion into street-level retail and upper-level apartments, maximizing its potential return on investment. This presents a rare chance to acquire a significant property in a rapidly developing area of Albany, New York, with a rich history and a bright future. The building's 5 stories provide ample space for expansion or diversification of tenants. The property is located in Albany County, New York, with a zip code of 12207.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $645,000
- ML approach
- $880,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $639,000
Market price range: $446k - $1.25M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7505
- Latitude
- 42.6518
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
