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Property profile & analytics
FOR SALE
Office buildings
9 Washington Sq, Albany, NY 12205-5525
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-1540293
For Sale
1 / 12
$3,199,000
9 Washington Sq, Albany, NY 12205-5525
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
33,130 SF
Lot
1.58 ac (68,770 SF)
Zoning code
CO
APN
010100 41.00-2-97
UPID
US63-1540293
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
-
Van Aken Megan Law Firm
-
Kinetic Training Gym & Fitness Center
-
M-F Reporting, Inc. Law Firm
-
Empire Financial Partners Financial Advisor
-
Mazzotta and Vagianelis, P.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$885k
Owner & transaction history
Whitman Holding LLC
Whitman Holding LLC
4 recorded transactions
Zoning & alternative use
CO · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
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
$27 / 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
$1,319,000
Assessed 2023
Previous assessed
$1,319,000
+0.0% YoY
Assessed land
$790,900
Assessed improvement
$528,100
Land market value
$1,116,617
Improvement market value
$745,588
Total market value
$1,862,205
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1985
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
33,130 SF
Lot
1.58 ac (68,770 SF)
Zoning code
CO
APN
010100 41.00-2-97
UPID
US63-1540293
Jurisdiction
ALBANY
Zoning & alternative use
CO · Albany, NY
Zoning CO · permitted uses
CO · 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
1985
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Whitman Holding LLC
Entity
Mailing address
9 WASHINGTON SQ APT #2, ALBANY, NY 12205-5534
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
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
—
—
Whitman Holding LLC
—
Loan Modification
related
$6,115,446 · National Bk/coxsackie
—
—
Whitman Holdings LLC
—
Deed Of Trust
related
$534,971 · National Bk/coxsackie
—
—
Whitman Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$6,100,000 · National Bk/coxsackie
—
—
Whitman Holdings LLC
—
Deed Of Trust
related
$1,083,927 · National Bk/coxsackie
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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