$750,000
Albany, NY 12207
MLS# 202614896
4 baths | 3796 sqft
1 / 40
Property Description
Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move. The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more. Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!
Details
Maps
Contract Information
Original List Price: 750000
List Price/SqFt: 197.58
List Price/Acres: 25000000
Status: Active
Property Sub Type: Mixed Use
List Price: $750,000
Listing Contract Date: 2026-04-11
Current Price: $750,000
Location
City/Town (Mail): Albany
Cross Street: Hudson Ave
Street Number: 402
Street Name: Broadway
County: Albany
State/Province: NY
Postal Code: 12207
Geo Lat: 42.648042
Geo Lon: -73.750932
Property Detail
Stories: 4
Number Of Buildings: 1
Parking Y/N: No
Lot Size Square Feet: 1209
Zoning: Commercial
Lot Size Dimensions: 13X93
Lot Size Acres: 0.03
Building Area Total: 3796
Building Available SQFT: 3796
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Year Built: 1880
Bathrooms Total: 4
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.42-3-38
Tax Annual Amount: 5364.28
Tax Section: 76.42
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 38.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Broadway and Hudson Ave. Across the street from SUNY Building
Public Remarks: Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move.
The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more.
Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!
Sewer
Public Sewer: 1
Association Amenities
None: 1
Current Use
Business: 1
Investment: 1
Mixed Use: 1
Multi-Family: 1
Office: 1
Architectural Style
Apartments: 1
Commercial: 1
Mixed Use: 1
Office: 1
Other: 1
Retail: 1
Financial Details
General Taxes: 5364.28
General Taxes Description: Estimated
Cooling
Central Air: 1
Basement
Other: 1
Building Detail
Fire Sprinkler System Y/N: Yes
Railroad Siding Y/N: No
Office Total SQFT: 707
Retail Total SQFT: 707
Construction Materials
Brick: 1
Door Features
Sliding Doors: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Business Type
Mixed: 1
Exterior Features
Other: 1
Flooring
Laminate: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
No Sign: 1
Special Listing Conditions
Standard: 1
Roof
Flat: 1
Water Source
None: 1
Heating
Forced Air: 1
Interior Features
Built-in Features: 1
Crown Molding: 1
Other: 1
Parking Features
Parking Total: 0
Secured Garage/Parking: 1
Other: 1
Possible Use
Business: 1
Mixed: 1
Office: 1
Office/Retail: 1
Retail: 1
Investment: 1
Multi-Family: 1
Sub-Lease: 1
Sale Includes
Building Only: 1
Security Features
Building Security: 1
Carbon Monoxide Detector(s): 1
Fire Sprinkler System: 1
Other: 1
Smoke Detector(s): 1
Tenant Pays
Cable TV: 1
Electricity: 1
Heat: 1
Hot Water: 1
Internet: 1
Other: 1
Status Change Info
Status Change Date: 2026-04-11
Property Features
Architectural Style: Apartments; Commercial; Mixed Use; Office; Retail; Other
Association Amenities: None
Basement: Other
Construction Materials: Brick
Cooling: Central Air
Current Use: Business; Investment; Mixed Use; Multi-Family; Office
Business Type: Mixed
Door Features: Sliding Doors
Exterior Features: Other
Flooring: Laminate
Heating: Forced Air
Interior Features: Built-in Features; Crown Molding; Other
Parking Features: Secured Garage/Parking; Other
Possession: At Closing
Possible Use: Business; Mixed; Office; Office/Retail; Retail; Investment; Multi-Family; Sub-Lease
Roof: Flat
Sale Includes: Building Only
Security Features: Building Security; Carbon Monoxide Detector(s); Fire Sprinkler System; Other; Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; No Sign
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Heat; Hot Water; Internet; Other
Water Source: None
Listing Courtesy of Miranda Real Estate Group Inc
Listing Agent: Jennery Pacheco
518-944-3944 | Jenneryp3@gmail.com
518-944-3944 | Jenneryp3@gmail.com