705 Broadway

705 Broadway, Albany, NY 12207

Property Information

  • For Sale $3,900,000
  • Property Type Land
  • Lot Size 1.24 Acre
  • Zoning MU-DT
  • Date Updated Aug 13, 2026

Description

Offered for sale is ±1.24 acres with full approvals in place for:

•9-story office building, ±102,136 SF with retail on the first floor

•4-story multi-family building, 56 units, ±54,770 SF with retail on the first floor

•Parking for 76

Previous approvals were for a 134-unit multifamily building totaling 180,000 SF, inclusive of 14,000 SF of office and retail

Brownfield tax credits are transferrable to a purchaser. The tangible property credits for a non-manufacturing use are just over $14M. Any project must be placed in service by 12/31/2030

 

+Proximate to I-787 and the Albany Skyway, as well as many commercial users and amenities

+Current plans include 64 units (ranging from Studio to Two Bedrooms), and ±4,000 SF of retail on the first floor, plus second building with ±102,136 SF, 9-story office tower with retail on the first floor and ±76 parking spaces

+Previous plans included 134 units (ranging from Studio to Two Bedrooms), ±14,000 SF of first floor commercial space and ±64 parking spaces

+$14M+ in Tangible Property Credits available

+Contact Broker for additional information and details

Contacts

Location

Located at 705 Broadway, Albany, NY 12207, this property is part of the Sheridan Hollow neighborhood and Albany market.

Contact Listing Broker
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