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$ 5,500,000
Est. payment /mo
New
45 Columbia ST Albany, NY 12207
0.39 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202500707
Year Built 1925
Annual Tax Amount $31,018
Lot Size 0.393 Acres
Property Sub-Type Multi Family
Property Description
The Kennedy at 45 Columbia: +/-85,357 SF Mixed-Use Multifamily Property and Parking Garage. Twenty-two (22) market-rate residential apartment units. One hundred seventy (170) interior heated garage parking spaces. Located in the heart of Downtown Albany, New York. Surrounded by numerous hotels, restaurants, bars & entertainment options. Directly on a public bus line. Renovated in 2021. 100% occupied. 8.80% cap rate based on current income. Upside through conversion of a portion of existing parking garage space to additional residential units. Favorable 485-a real property tax exemption in place. Located in a Qualified Opportunity Zone. Priced to move at only $64 PSF.
Location
State NY
County Albany
Interior
Heating Ductless
Cooling Ductless
Exterior
Parking Features Concrete, Lighted, Gated, Permit Required, Enclosed, Secured
View Y/N Yes
View City, Downtown, City Lights
Roof Type Rubber
Building
Story 4
Sewer Public Sewer
Water Public
New Construction No
Listed by Carrow Real Estate Services
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