45 Columbia Street

45 Columbia Street, Albany, NY 12207

  • For Sale $5,500,000
  • Property Type Multi-Family
  • Property Size 85,357 SF
  • Units 22
  • Cap Rate % 8.8
  • Date Updated Jul 1, 2025

Twenty two (22) market-rate residential apartment units One hundred seventy (170) interior heated garage parking spaces Located in the heart of Downtown Albany, New York Surrounded by numerous hotels, restaurants, bars & entertainment options Directly on public bus line Renovated in 2021 100% occupied 8.80% cap rate based on current income Upside through conversion of a portion of existing parking garage space to additional residential units Favorable 485-a real property tax exemption in place Located in a Qualified Opportunity Zone

 

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Contacts

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Carrow Real Estate Services

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise
  • Transit Score ®

    72/100 Excellent Transit
  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Albany, NY
  • Neighborhood Sheridan Hollow
  • Zip Code 12207
  • Market Albany

Points of Interest

  • Rensselaer Rail Station Taxi Stand

    0.89 miles

  • Albany International Airport Taxi Stand

    7.15 miles

  • Sunoco

    0.40 miles

  • Stewart's

    0.71 miles

  • Mobil

    0.92 miles

  • pitStop

    0.99 miles

  • Citgo

    1.19 miles

  • Plaza 23 Truck Stop

    1.21 miles

  • ChargePoint

    1.91 miles

  • Market 32

    2.25 miles

  • Tesla Supercharger

    5.34 miles

  • ChargeSmart

    5.61 miles

  • The Kennedy

    0.04 miles

  • Upstate Concert Hall Parking Garage

    0.04 miles

  • Broadway Lot at Orange

    0.04 miles

  • N. Pearl St Lot at Sheridan

    0.09 miles

  • 628 Broadway Parking Garage

    0.09 miles

  • Riverfront Municpal Parking Garage

    0.11 miles

  • CDTA Lot

    0.13 miles

  • Quackenbush Square Garage

    0.16 miles

  • Hotel Albany Garage

    0.17 miles

  • 470 Broadway Lot

    0.18 miles

  • Hampton Inn & Suites Albany - Downtown

    0.12 miles

  • Hilton Albany

    0.19 miles

  • Hyatt Place Albany

    0.22 miles

  • Fairfield Inn & Suites Albany Downtown

    0.24 miles

  • Renaissance Albany Hotel

    0.30 miles

  • Fort Orange Club Guest Rooms

    0.54 miles

  • State Street Mansion Bed and Breakfast

    0.60 miles

  • Morgan State House Inn

    0.87 miles

  • TownePlace Suites Albany Downtown/Medical Center

    1.21 miles

  • The Argus Hotel

    1.31 miles

  • Lidia's Pizza

    0.02 miles

  • Miranda's Deli

    0.02 miles

  • The Hollow + Kitchen

    0.04 miles

  • Blue 82

    0.06 miles

  • Wizard Burger

    0.06 miles

  • Banh Mi 47

    0.07 miles

  • Joey G's

    0.07 miles

  • Ama Cocina

    0.08 miles

  • Burrito Joe's

    0.08 miles

  • Skinny Pancake

    0.08 miles

  • Rosa Parks Literacy Education Academy

    0.41 miles

  • Albany Bible Institute

    0.60 miles

  • Arbor Hill Elementary School

    0.70 miles

  • Edmund J. O'Neal Middle School of Excellence

    0.72 miles

  • Bishop Maginn High School

    0.75 miles

  • Giffen Memorial Elementary School

    0.83 miles

  • Saint John's Academy

    0.96 miles

  • Saint Josephs School

    0.99 miles

  • Thomas S. O'Brien Academy of Science and Technology

    1.02 miles

  • William S. Hackett Middle School

    1.03 miles

  • A Child's Place at Unity House

    0.52 miles

  • Children's Place at the Plaza

    0.64 miles

  • Kreative Kidz Zone

    0.84 miles

  • Albany County Head Start Center

    0.97 miles

  • Blessed & Humble Daycare

    1.63 miles

  • Nathan LeBron Early Learning Center

    1.63 miles

  • Toyland Daycare Preschool

    2.47 miles

  • School's Out Site

    3.90 miles

  • Greenbush Child Caring

    4.42 miles

  • Viking Child Care Center

    4.60 miles

Frequently Asked Questions

How much does 45 Columbia Street cost?

The space currently listed for sale at 45 Columbia Street asks for $5,500,000.

What is the total square footage of 45 Columbia Street?

45 Columbia Street totals 85,357 square feet.

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broker

Carrow Real Estate Services

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