$649,000
Albany, NY 12201
MLS# 202612819
2 beds
1 / 43
Property Description
Mixed-Use Opportunity in Historic Albany! Welcome to 204 Lancaster Street, a well-located mixed-use building offering flexibility and versatility. This historic property features a ground-floor retail space with strong street presence, currently operated as a tailor shop, and suitable for a wide variety of commercial uses. Above the storefront are two residential apartments. Situated in a vibrant Albany neighborhood with steady foot and vehicle traffic, this property is ideal for investors or owner-occupants seeking a combination of commercial and residential use. The property has seen significant recent capital improvements totaling over $25,000, including a new commercial central air conditioning system, a new rubber roof, and a brand new hot water tank -- providing buyers with peace of mind and minimal near-term capital expenditure requirements. A unique opportunity to own a versatile, well-maintained building in one of Albany's established corridors. Tailor inventory can be purchased separately or included with the sale of the property.
Details
Maps
Contract Information
Original List Price: 649000
List Price/SqFt: 157.41
Status: Active
Property Sub Type: Triplex
List Price: $649,000
Current Price: $649,000
Listing Contract Date: 2026-03-03
Location
City/Town (Mail): Albany
Street Number: 204
Street Name: Lancaster
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12201
Geo Lat: 42.654643
Geo Lon: -73.765639
Property Detail
Rooms Total: 16
Bathrooms Half: 3
Garage Spaces: 0
Above Grade Finished Area: 4123
Above Grade Finished Area Source: Appraiser
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: Appraiser
Living Area: 4123
Zoning: Mixed
Lot Size Dimensions: 19X99
Lot Size Acres: 0.04
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 2
Bathrooms Full: 2
Year Built: 1930
Parcel, Tax, HOA
Parcel Number: 010100 76.23-3-11
Tax Annual Amount: 9882.5
Tax Section: 76.23
Total Taxes Description: Actual
Tax Block: 3
Tax Lot: 11.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Head down Lark Street, and the property will be on the left-hand side
Public Remarks: Mixed-Use Opportunity in Historic Albany!
Welcome to 204 Lancaster Street, a well-located mixed-use building offering flexibility and versatility. This historic property features a ground-floor retail space with strong street presence, currently operated as a tailor shop, and suitable for a wide variety of commercial uses. Above the storefront are two residential apartments. Situated in a vibrant Albany neighborhood with steady foot and vehicle traffic, this property is ideal for investors or owner-occupants seeking a combination of commercial and residential use.
The property has seen significant recent capital improvements totaling over $25,000, including a new commercial central air conditioning system, a new rubber roof, and a brand new hot water tank -- providing buyers with peace of mind and minimal near-term capital expenditure requirements.
A unique opportunity to own a versatile, well-maintained building in one of Albany's established corridors. Tailor inventory can be purchased separately or included with the sale of the property.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
150 Amp Service: 1
Fencing
None: 1
Financial Details
General Taxes: 4361.35
General Taxes Description: Actual
School Taxes: 6049.58
School Taxes Description: Actual
Attic Features
Hatch: 1
Cooling
Central Air: 1
Basement
Partial: 1
Bath Levels
Full Bath 1: 2nd
Full Bath 2: 3rd
Half Bath 1: 1st
Half Bath 2: 1st
Half Bath 3: Basement
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Wood: 1
Showing Requirements
24 Hour Notice: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
View
Downtown: 1
Water Source
Public: 1
Foundation Details
Concrete Perimeter: 1
Heating
Natural Gas: 1
Income And Expenses
Rental Income: 2300
Rental Income Description: Actual
Total Income: 27600
Interior Features
Built-in Features: 1
Crown Molding: 1
High Speed Internet: 1
Tray Ceiling(s): 1
Walk-In Closet(s): 1
Parking Features
Parking Total: 0
Levels
Tri-Level: 1
Security Features
24 Hour Security: 1
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Separate Utilities
Electric: 1
Gas: 1
Number Of Separate Electric Meters: 3
Tenant Pays
Electricity: 1
Heat: 1
Window Features
Wood Frames: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Total Rooms MF Unit 1: 6
Total Half Baths MF Unit 1: 2
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Total Bedrooms: 1
Status Change Info
Status Change Date: 2026-03-05
Property Features
Architectural Style: Traditional
Attic Features: Hatch
Basement: Partial
Construction Materials: Brick
Cooling: Central Air
Electric: 150 Amp Service
Exterior Features: None
Fencing: None
Flooring: Wood
Foundation Details: Concrete Perimeter
Heating: Natural Gas
Interior Features: Built-in Features; Crown Molding; High Speed Internet; Tray Ceiling(s); Walk-In Closet(s)
Levels: Tri-Level
Possession: At Closing
Roof: Rubber
Security Features: 24 Hour Security; Carbon Monoxide Detector(s); Fire Alarm
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Standard
Tenant Pays: Electricity; Heat
Window Features: Wood Frames
View: Downtown
Water Source: Public
Listing Courtesy of Hanna Commercial
Listing Agent: Philip Sabatino
518-376-2717 | PhilipSabatino@hannaCre.com
518-376-2717 | PhilipSabatino@hannaCre.com
