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Listed by Rudy R Lynch • Carrow Real Estate Services LLC
$5,500,000
Est. payment /mo
22 Beds
22 Baths
85,357 SqFt
New
45 Columbia Street Albany, NY 12207
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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