126 State St
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126 State St
41,000 SF 1% Leased Office Building Albany, NY 12207 $2,499,000 ($61/SF)
Investment Highlights
- Heavy Daytime Traffic
- Capital & River Views
- On-Site Parking
- Steps from NYS Capital
- Located in Downtown Albany
Executive Summary
Historic Downtown Albany Office building. Located in the heart of Downtown Albany, steps from the NYS capital buildings, City Hall, and the riverfront. Surrounded by numerous hotels & entertainment options. +/-15,000 first floor retail space with expansive 20' ceilings, marble interior, brass entries, & skylights. Floors 2-6 currently built out as office space with great potential for residential conversion. Adjacent 38 car parking lot included.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
41,000 SF
Building Class
B
Year Built
1915
Price
$2,499,000
Price Per SF
$61
Percent Leased
1%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
6,833 SF
Slab To Slab
14’
Building FAR
1.62
Lot Size
0.58 AC
Opportunity Zone
Yes
Zoning
MU-DT - Mixed-Use Downtown Zoning
Parking
40 Spaces (0.98 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 010100-076-033-0001-022-000-0000 | Improvements Assessment | $1,385,300 |
| Land Assessment | $265,700 | Total Assessment | $1,651,000 |
PROPERTY TAXES
Parcel Number
010100-076-033-0001-022-000-0000
Land Assessment
$265,700
Improvements Assessment
$1,385,300
Total Assessment
$1,651,000
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126 State St
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