What is the asking price for 45 Columbia Street?

The lease rate for space here is Contact for pricing.

What is the total size of 45 Columbia Street?

The property has a total square footage of 85,357 SF.

How many parking spaces are available at 45 Columbia Street?

Parking information for the property isn't currently listed. However, other nearby parking options include The Kennedy, located 0.04 miles away , and Upstate Concert Hall Parking Garage, which is 0.04 miles away.

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 Apr 7, 2026

Description

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 ZoneThe Kennedy at 45 Columbia: +/-85,357 SF Mixed-Use Multifamily Property and Parking Garage. 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 a 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. Priced to move at only $64 PSF.