$4,450,000
Albany, NY 12207
MLS# 202622095
1 / 18
Property Description
PRIME DOWNTOWN ALBANY MIXED-USE INVESTMENT -- 41 RESIDENTIAL UNITS + 21 COMMERCIAL SPACES | $4,450,000 A rare opportunity to own a signature mixed-use asset in the heart of the Downtown Albany Historic District. This 101,730 SF building sits on a 0.53-acre lot at the corner of Pine St and N Pearl St, offering 41 luxury residential units and 21 commercial spaces under one roof -- steps from Albany's business core, courts, and government offices. 96 Walk Score. Residential units are finished to a high standard: custom kitchens with stainless appliances and granite countertops, in-unit washer/dryer, hardwood floors, and state-of-the-art VRF mini-split heating and cooling systems. Bathrooms feature mahogany vanities, custom lighting, and select units with mosaic-tiled walk-in showers. Building amenities include a rooftop patio, theater room, and fitness center -- driving strong resident retention and premium rents in a tight downtown rental market. Built in 1880 and set within Albany's Historic District, the property combines architectural character with modern systems and finishes, appealing to residents and commercial tenants seeking a downtown address. Ideal for investors seeking diversified income across residential and commercial tenancy in one of the Capital Region's most established urban cores.
Details
Maps
Contract Information
Original List Price: 4450000
List Price/Acres: 8396226.42
Status: Active
Property Sub Type: Mixed Use
List Price: $4,450,000
Listing Contract Date: 2026-07-17
Current Price: $4,450,000
Location
City/Town (Mail): Albany
Street Number: 99
Street Name: Pine
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12207
Geo Lat: 42.651117
Geo Lon: -73.751127
Property Detail
Parking Y/N: Yes
Lot Size Square Feet: 22890
Zoning: Mixed
Lot Size Dimensions: 105.4x218.8
Lot Size Acres: 0.53
Building Available SQFT: 101730
Waterfront Y/N: No
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.34-3-34
Tax Annual Amount: 98405
Tax Section: 76.34
Total Taxes Description: Estimated
Tax Block: 37
Tax Lot: 34.00
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: From I-787 Northbound/Southbound: Take the Downtown Albany/Clinton Ave exit. Head west on Clinton Ave toward downtown. Turn left (south) onto N Pearl St and continue approximately 0.5 miles through downtown. Turn right onto Pine St -- 99 Pine St is on the corner, at the intersection of Pine St and N Pearl St.
From I-90: Take Exit 6 for I-787 South toward Albany. Follow I-787 S to the Downtown Alba
Public Remarks: PRIME DOWNTOWN ALBANY MIXED-USE INVESTMENT -- 41 RESIDENTIAL UNITS + 21 COMMERCIAL SPACES | $4,450,000
A rare opportunity to own a signature mixed-use asset in the heart of the Downtown Albany Historic District. This 101,730 SF building sits on a 0.53-acre lot at the corner of Pine St and N Pearl St, offering 41 luxury residential units and 21 commercial spaces under one roof -- steps from Albany's business core, courts, and government offices. 96 Walk Score.
Residential units are finished to a high standard: custom kitchens with stainless appliances and granite countertops, in-unit washer/dryer, hardwood floors, and state-of-the-art VRF mini-split heating and cooling systems. Bathrooms feature mahogany vanities, custom lighting, and select units with mosaic-tiled walk-in showers.
Building amenities include a rooftop patio, theater room, and fitness center -- driving strong resident retention and premium rents in a tight downtown rental market.
Built in 1880 and set within Albany's Historic District, the property combines architectural character with modern systems and finishes, appealing to residents and commercial tenants seeking a downtown address.
Ideal for investors seeking diversified income across residential and commercial tenancy in one of the Capital Region's most established urban cores.
Sewer
Public Sewer: 1
Association Amenities
None: 1
Current Use
Mixed Use: 1
Architectural Style
Mixed Use: 1
Other: 1
Cooling
Central Air: 1
Wall Unit(s): 1
Basement
Partial: 1
Other: 1
Building Detail
Fire Sprinkler System Y/N: Yes
Elevator #: 3
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
Call Listing Agent: 1
Occupied: 1
Special Listing Conditions
Short Sale: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Heat Pump: 1
Parking Features
Parking Total: 10
Security Features
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Fire Sprinkler System: 1
Smoke Detector(s): 1
Tenant Pays
Internet: 1
Status Change Info
Status Change Date: 2026-07-17
Property Features
Architectural Style: Mixed Use; Other
Association Amenities: None
Basement: Partial; Other
Construction Materials: Brick
Cooling: Central Air; Wall Unit(s)
Current Use: Mixed Use
Exterior Features: None
Heating: Heat Pump
Possession: At Closing
Roof: Rubber
Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Call Listing Agent; Occupied
Special Listing Conditions: Short Sale
Tenant Pays: Internet
Water Source: Public
Listing Courtesy of Empire Real Estate Firm LLC
Listing Agent: Sage Baltrusaitis
248-506-0477 | Sage@EmpireRealEstateFirm.com
248-506-0477 | Sage@EmpireRealEstateFirm.com
