$262,000
Albany, NY 12204
MLS# 202529723
Status: Closed
3106 sqft
1 / 49
Property Description
Prime redevelopment opportunity in Albany's fast-growing Warehouse District. Directly across from National Grid's Albany HQ and steps from Druthers Brewing Company, this +/-3,106 SF two-story brick building offers a former bar on the first floor and potential for two residential apartments above. Includes two adjoining parcels totaling +/-0.19 acres with 100' of frontage on Broadway and a paved, fenced 12-car parking lot. Constructed in 1940, the building needs work but presents strong value-add potential. MU-NC zoning allows many uses including multifamily, retail, restaurant, and office. Municipal water and sewer. Annual taxes $6,526.98. Traffic counts: 4,655 AADT on Broadway with additional visibility from I-90 at 101,791 AADT. 1118 Broadway (Tax ID 65.44-3-12) & 2 Genessee St (Tax ID 65.44-3-8)
Details
Maps
Contract Information
Original List Price: 299000
Lease Considered: No
List Price/SqFt: 96.27
Sold Price/SqFt: 84.35
List Price/Acres: 1573684.21
Sold Price/Acres: 1378947.37
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $262,000
Listing Contract Date: 2025-11-17
Current Price: $262,000
Location
City/Town (Mail): Albany
Street Number: 1118
Street Name: Broadway
County: Albany
State/Province: NY
Postal Code: 12204
Geo Lat: 42.669457
Geo Lon: -73.740015
Property Detail
Stories: 2
Number Of Buildings: 1
Parking Y/N: Yes
Lot Size Square Feet: 6100
Zoning: Mixed
Lot Size Dimensions: 100'
Lot Size Acres: 0.19
Building Area Total: 3106
Building Available SQFT: 3106
Main Road Frontage: 100
Waterfront Y/N: No
Year Built: 1940
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 65.44-3-12
Tax Annual Amount: 6526.98
Tax Section: 65.44
Total Taxes Description: Actual
Tax Block: 3
Tax Lot: 12.000
School District: Albany
High School: Albany
Directions & Remarks
Directions: 1118 Broadway, Albany, NY 12204
Public Remarks: Prime redevelopment opportunity in Albany's fast-growing Warehouse District. Directly across from National Grid's Albany HQ and steps from Druthers Brewing Company, this +/-3,106 SF two-story brick building offers a former bar on the first floor and potential for two residential apartments above. Includes two adjoining parcels totaling +/-0.19 acres with 100' of frontage on Broadway and a paved, fenced 12-car parking lot. Constructed in 1940, the building needs work but presents strong value-add potential. MU-NC zoning allows many uses including multifamily, retail, restaurant, and office. Municipal water and sewer. Annual taxes $6,526.98. Traffic counts: 4,655 AADT on Broadway with additional visibility from I-90 at 101,791 AADT. 1118 Broadway (Tax ID 65.44-3-12) & 2 Genessee St (Tax ID 65.44-3-8)
Sewer
Public Sewer: 1
Current Use
Mixed Use: 1
Architectural Style
Mixed Use: 1
Cooling
Central Air: 1
Basement
Full: 1
Lot Features
Corner Lot: 1
Building Detail
Office Available SQFT: 3106
Retail Available SQFT: 3106
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Showing Requirements
Call Listing Agent: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Parking Features
Parking Total: 12
Paved: 1
Possible Use
Land: 1
Mixed: 1
Office: 1
Office/Retail: 1
Restaurant: 1
Retail: 1
Tavern: 1
Convenience Store: 1
Investment: 1
Laundromat: 1
Medical/Dental: 1
Multi-Family: 1
Sale Includes
Building & Land: 1
Status Change Info
Status Change Date: 2026-06-03
Under Contract Date: 2026-04-20
Sold Date: 2026-06-02
Sold Price: $262,000
Property Features
Architectural Style: Mixed Use
Basement: Full
Construction Materials: Brick
Cooling: Central Air
Current Use: Mixed Use
Heating: Forced Air; Natural Gas
Lot Features: Corner Lot
Parking Features: Paved
Possession: At Closing
Possible Use: Land; Mixed; Office; Office/Retail; Restaurant; Retail; Tavern; Convenience Store; Investment; Laundromat; Medical/Dental; Multi-Family
Roof: Rubber
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of Carrow Real Estate Services LLC
Listing Agent: Rudy R Lynch
518-337-3705 | rudy@carrowrealestate.com
518-337-3705 | rudy@carrowrealestate.com