- 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
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
93/100
Walker's Paradise
-
Transit Score ®
72/100
Excellent Transit
-
Bike Score ®
76/100
Very Bikeable
- City Albany, NY
- Neighborhood Sheridan Hollow
- Zip Code 12207
- Market Albany
Points of Interest
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Rensselaer Rail Station Taxi Stand
0.89 miles
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Albany International Airport Taxi Stand
7.15 miles
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Sunoco
0.40 miles
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Stewart's
0.71 miles
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Mobil
0.92 miles
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pitStop
0.99 miles
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Citgo
1.19 miles
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Plaza 23 Truck Stop
1.21 miles
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ChargePoint
1.91 miles
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Market 32
2.25 miles
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Tesla Supercharger
5.34 miles
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ChargeSmart
5.61 miles
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The Kennedy
0.04 miles
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Upstate Concert Hall Parking Garage
0.04 miles
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Broadway Lot at Orange
0.04 miles
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N. Pearl St Lot at Sheridan
0.09 miles
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628 Broadway Parking Garage
0.09 miles
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Riverfront Municpal Parking Garage
0.11 miles
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CDTA Lot
0.13 miles
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Quackenbush Square Garage
0.16 miles
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Hotel Albany Garage
0.17 miles
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470 Broadway Lot
0.18 miles
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Hampton Inn & Suites Albany - Downtown
0.12 miles
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Hilton Albany
0.19 miles
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Hyatt Place Albany
0.22 miles
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Fairfield Inn & Suites Albany Downtown
0.24 miles
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Renaissance Albany Hotel
0.30 miles
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Fort Orange Club Guest Rooms
0.54 miles
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State Street Mansion Bed and Breakfast
0.60 miles
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Morgan State House Inn
0.87 miles
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TownePlace Suites Albany Downtown/Medical Center
1.21 miles
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The Argus Hotel
1.31 miles
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Lidia's Pizza
0.02 miles
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Miranda's Deli
0.02 miles
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The Hollow + Kitchen
0.04 miles
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Blue 82
0.06 miles
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Wizard Burger
0.06 miles
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Banh Mi 47
0.07 miles
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Joey G's
0.07 miles
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Ama Cocina
0.08 miles
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Burrito Joe's
0.08 miles
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Skinny Pancake
0.08 miles
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Rosa Parks Literacy Education Academy
0.41 miles
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Albany Bible Institute
0.60 miles
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Arbor Hill Elementary School
0.70 miles
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Edmund J. O'Neal Middle School of Excellence
0.72 miles
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Bishop Maginn High School
0.75 miles
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Giffen Memorial Elementary School
0.83 miles
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Saint John's Academy
0.96 miles
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Saint Josephs School
0.99 miles
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Thomas S. O'Brien Academy of Science and Technology
1.02 miles
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William S. Hackett Middle School
1.03 miles
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A Child's Place at Unity House
0.52 miles
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Children's Place at the Plaza
0.64 miles
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Kreative Kidz Zone
0.84 miles
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Albany County Head Start Center
0.97 miles
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Blessed & Humble Daycare
1.63 miles
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Nathan LeBron Early Learning Center
1.63 miles
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Toyland Daycare Preschool
2.47 miles
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School's Out Site
3.90 miles
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Greenbush Child Caring
4.42 miles
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Viking Child Care Center
4.60 miles
Frequently Asked Questions
The space currently listed for sale at 45 Columbia Street asks for $5,500,000.
45 Columbia Street totals 85,357 square feet.
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