Albany, NY 12207,45 Columbia Street
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Albany, NY 12207,45 Columbia Street
Albany, NY 12207,45 Columbia Street
Albany, NY 12207,45 Columbia Street
Albany, NY 12207,45 Columbia Street
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Listed by Rudy R Lynch • Carrow Real Estate Services LLC
$ 5,500,000
Est. payment /mo
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45 Columbia Street Albany, NY 12207

22 Beds

22 Baths

85,357 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 85,357 sqft

Price per Sqft $64

MLS Listing ID 202520310

Bedrooms 22

Full Baths 22

HOA Y/N No

Year Built 2021

Annual Tax Amount $31,018

Lot Size 0.390 Acres

Acres 0.39

Property Sub-Type Multi Family

Source Global MLS

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

Zoning Mixed

Direction 45 Columbia St, Albany, NY 12207 AKA 43 Columbia St Between Broadway and N Pearl

Interior

Heating Ductless, Geothermal

Flooring Concrete

Exterior

Exterior Feature Other

Parking Features Attached, Heated Garage

Garage Spaces 170.0

Roof Type Rubber

Building

Sewer Public Sewer

Water Public

Architectural Style High Rise

Schools

School District Albany

Others

Tax ID 010100 76.34-1-7

Special Listing Condition Standard


agent

Daniel Britten

Broker | License ID: 10311202969

+1(518) 858-5941

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45 Columbia Street