$8,750,000
Albany, NY 12202
MLS# 202622274
64934 sqft
1 / 34
Property Description
A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.
Details
Maps
Contract Information
Status: Active
Property Sub Type: Multi Family
Original List Price: 8750000
List Price: $8,750,000
Lease Considered: No
Listing Contract Date: 2026-07-20
Current Price: $8,750,000
List Price/SqFt: 134.75
List Price/Acres: 4464285.71
Location
Street Number: 201
Street Name: Park
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
City/Town (Mail): Albany
Cross Street: Park Avenue
Geo Lat: 42.648153
Geo Lon: -73.766217
Property Detail
Year Built: 1880
Stories: 5
Number Of Buildings: 1
Lot Size Square Feet: 85347
Zoning: Commercial
Lot Size Dimensions: 327x261
Lot Size Acres: 1.96
Building Area Total: 64934
Building Available SQFT: 64934
Waterfront Y/N: No
Building Detail
Fire Sprinkler System Y/N: Yes
Building Ceiling Height: 12
Photos - the contractual owner of the photos
Photo Owner: Broker
Status Change Info
Status Change Date: 2026-07-21
Property Features
Architectural Style: Apartments; Commercial
Construction Materials: Brick
Cooling: Central Air; Wall Unit(s)
Current Use: Apartment Plus; Multi-Family
Heating: Electric; Heat Pump
Interior Features: Built-in Features; Stone Countertops
Parking Features: Metered; Off Street
Possession: At Closing
Possible Use: Apartment Plus; Mixed
Security Features: Fire Sprinkler System
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Tenant Pays: Cable TV; Central Air; Electricity; FIOS Internet; Gas; Heat; Hot Water; Internet; Water
Water Source: Public
Listing Courtesy of Realty One Group Key
Listing Agent: Ryan Edson
518-728-1511 | RyanPEdson@gmail.com
518-728-1511 | RyanPEdson@gmail.com
