The median home value in Albany, NY is $240,000.
This is
higher than
the county median home value of $239,750.
The national median home value is $308,980.
The average price of homes sold in Albany, NY is $240,000.
Approximately 34% of Albany homes are owned,
compared to 55% rented, while
11% are vacant.
Albany real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Albany real estate agent to arrange a tour today! Learn more about Albany.
Mixed Use property. 12 upscale, new residential apartments and the balance is Commercial Office Tenants. 8% CAP RATE. Public water & sewer. LED lighting. 35 year shingles on roof. Gas Heat & Central Air.
Office / warehouse building in a great location. +/- 4K SF of office space and +/- 2k SF warehouse space. Fenced in area on the back of the 1.4-acre lot, this is a perfect property to move any type of business to. Property has been owner occupied by same owner since built, great condition. Two overhead doors on warehouse, two EV car charging stations, close proximity to Albany Int. Airport.
Location, Location, Location! Excellent opportunity for investor or owner/occupant. Extremely visible New Scotland Avenue location with tons of foot traffic. Between St. Peter's Hospital, Albany Med, Albany VA Hospital, Albany Pharmacy, Law and Sage Colleges. Former office space with two bedroom apartment on upper level. Proof of funds or current pre-qualification letter to schedule showing.
Large two story office/warehouse buildings totaling ~34,000 sf between Sheridan Avenue and Orange Street. Two floors of warehouse space. These buildings present a great opportunity for an owner/user to supplement their mortgage payment with rental income, or an investor. Buildings include a 30,000 square foot, two story warehouse/office with 2 overhead doors on Sheridan Ave and one loading dock on Orange St. Also included is private garage space, 2 vacant lots for parking/storage, and a 3 story mixed use building that can be converted to multifamily or continued to be used as office space. Separate acre vacant lot across the street could be packaged into the sale. 11% cap rate, ability to reduce vacancies and increase rent. 150-162 Orange St. included in sale.
Medical office condo for lease or sale. Condo has 6 examination rooms with sink in each room, 3 private offices, large reception, and office space for administrative. The condo has a a kitchenette and bathroom with Lab and private bath for doctor use. Also available for lease at $27.50/SF Gross, tenant pays utilities. Call listing agent for more details and all showings.
Rare opportunity to own a Large Mixed Use Building in the heart of Downtown Albany! This large 4 story brick building has 2100 sqft of Restaurant/Bar space with a solid long term tenant, and 6 Residential Apartments above that were fully renovated in 2005. Each apartment has been well kept over the years and has long term tenants who occupy the space. Each unit has separate utilities. This building is within walking distance to the Times Union Center, Albany Convention Center, State Capital Building, Empire State Plaza, State Government Offices, Federal Courthouse, and Private Sector Offices. Own a piece of Downtown Albany with Solid Tenants and Great Cash Flow!
amazing opportunity on busy Central Ave in albany , very close to Colonie line, A multi unit commercial building consists of 4 units , 2 ,1 bedroom apartments, currently rented, a 2000 SF block attached garge, formerly used for a body shop , now rented for storage use, also a 1000SF office , listing includes a 3 bed single family home ( 1 frost place)
Historic Albany Landmark - The former Orchard Tavern Restaurant & Bar. Albany's oldest tavern established in 1903 and birthplace of its famous unique style pizza. +/-4.764 SF mixed-use building on +/-0.81 acres over four contiguous parcels zoned (L-1) Light Industrial. Three-bedroom apartment on second floor. Large banquet space for private events and expansive outdoor patio in rear. (40) on-site parking spaces. Currently occupied as office space. Municipal water & sewer.
Welcome to this stunning example of historical architecture,built in 1869. The exterior of the property boasts a beautiful brick facade that exudes a classic elegance. Step into the grand formal foyer complete with an original chandelier and 12 foot high ceilings. The custom lighting throughout each room adds a touch of modern sophistication. Pocket doors lead to the twin family rooms, which are perfect for private offices and can be opened up for large meetings or gatherings. Each room features several fireplaces with original mantles, adding to the property's historic charm. First floor boast 3 rooms w/all season room Kitchen and bathroom.. Basement with 2 bath. Second floor w/4 offices w/storage/closets. Property is being sold with 35 Spring St as one package. See additional remarks.
Fantastic opportunity to purchase historic Wine & Tap room, incl business & building in Hudson Pk Neighborhood. Sale includes, building, business & all FF&E. Totally renovated in 2019 w/ brand new equipment & furniture. Full liquor license, relax at the state of the art bar w/ total seating capacity of 35 in & 25 out on gorgeous paved patio in back. Sound & security system in place. Also included in sale are 2 luxury brand new apartments with separate utilities, $4,135 monthly. ROP's in place. High Effic Appliances w/ ext warranties. A block away from the State Capitol and govrmnt buildings. Washington Park is a stones throw away. High foot traffic. Owner would consider financing/lease for qualified tenant. Can include package deal for 100 seat adjoining restaurant Listing agent is owner
Fantastic opportunity to purchase historic turnkey restaurant in Hudson Park Neighborhood. Included in the sale, building, business & all FF&E. DBA excluded from sale. Totally renovated in 2020 with all brand new equipment and furniture. Six levels with a total of 3,700 sq ft. Full liquor license, two full bars with a total seating capacity of 100 seats. Sound & security camera system in place. Owners office suite with full bathroom. Brand new walk-in cooler & freezer. A block away from the State Capitol and government buildings. Washington Park is stones throw away. High foot traffic. Owner would consider financing / lease for qualified tenant. Can include deal for wine bar next door with 2 fully rented luxury apartments with a gorgeous patio in rear. Listing agent is owner.
Auto Body Shop for Sale in Albany. All equipment and real estate included. Lot holds 16 cars. Building broken up into 4 sections for fully functioning auto body shop. 10+' ceiling height with drop ceiling, spray booth has heated flooring, frame machine, 1 lift, welder, all body equipment. 40+year successful business. Turn key for any new operator.
Good investment building. One building with 2 retail spaces. There is 5 spots in the front parking and 4 spots in back parking area. Closing to shopping area and bus stop. The restaurant is leased $1400 monthly and the tailor shop is $ 750 month to month. Please summit the preapprove letter or proof of funds prior to the showing per sellers requested. PS> Front parking is slightly sloped. Showing Monday 11am to 5pm. Selling the Building and land only.Sale as is.
PRICED TO SELL! UNDER APPRAISED VALUE. TURN KEY READY! MIXED USE Commercial & Residential BLDG. Both SPACES have been completely updated! Including all new mechanics. New Boiler & radiators, New hot water heaters. New Electrical Panel box to both spaces. New flooring -ceramic tile & premium vinyl. AC for commercial space only. Functional WALK-IN COOLER. COMM EXHAUST HOOD W/ANSUL SYSTEM. Commercial space is currently leased by Barber shop business. Residential upstairs apt is 3 Bedrm, 2 Full bath, eat in kitchen & Living rm. Has washer & dryer. Has its own Separate Entry door. Lg patio behind commercial space. Pressure treated wooden deck for the apt.Security cameras. Madison Av nr Ontario St--Reliable location. Near all college campuses & area hospitals.
Attention Developers and Investors !! This school was built in 1875 and served the growing South End The style is a cross between ornate Victorian and stark utilitarian. Looking for Developer or Investor that will Love to purchase and restore this Historic Architect Building. Pre-Approval Letter Or Bank Statement Before all showing confirmed. 48 Hrs Notice. SOLD AS IS.
Beautiful, historic property in Albany, a few minutes walking distance from state government buildings, the convention center, and all of the rest of downtown. Lombardo's Restaurant directly across the street has recently been purchased and is mid-renovation. The rich history of this property has seen it used by various clubs and organizations, most recently by a local Masonic chapter. Zoning allows for retail office, restaurant, multi-family, community residential facility, group living, artisanal manufacturing, indoor recreation, personal or professional services, among other uses. The building is not currently being serviced by utilities and needs some serious up fitting after sitting vacant through the pandemic.
Perfect for Bank, insurance and commercial investors. Beautiful office with high ceiling, large office with private parking lot with over 10 parking spaces. An excellent addition to your portfolio. Potential gross month income $4,000 month with parking spaces.
Seldomly do opportunities to own such a rich piece of history such as this come to market. Namesake, Rosanna's, is the sexier sister to Dove + Deer in concept and appearance. A historic Albany landmark since 1823 the location has been a successful bar/ restaurant for over 90 years. Sparing no expense, the elevated interior has a romantic vibe rich with details and history. Serving fresh takes on Italian Classics, Rosanna's is busy all week long with date nights, events and local/ family gatherings at the intimate bar. The restaurant is also uniquely laid out to host private parties, to which requests are frequent. Indoor capacity of 65 with additional outside covered and wrap around patio. Just steps away from the Capitol and other government buildings. Financials available with NDA.
Amazing opportunity to purchase turnkey business & building with 4 gorgeous income generating apartments grossing $4,275/ month in one of Albany's oldest Center Square neighborhood. Originally built in 1854, this historic Albany landmark has just been restored and refreshed. Nestled on the corner of Dove and State Street (formerly Deer St.), Dove + Deer is a neighborhood meeting place with a daily after work crowd and frequent date-night scene. Fully renovated in 2018 then earning the Preservation Merit Award in 2019, this turnkey restaurant turns out consistent & reliably strong sales. High foot traffic location with an indoor capacity of 85 with a covered patio and sidewalk caf extension. Just steps away from the Capitol and other government buildings. Financials available with NDA.
This is a great opportunity for an owner-occupant/business owner to purchase an already cashflowing mixed-use property on high-traffic Central Ave. Upstairs 4BD/1BA apartment lease is ending on April 1st. With this property you get the benefit of high exposure on a corner lot, but also ample parking with paved area for customers, which is difficult to find in the area. Front retail space is occupied by hair salon and back retail space is occupied by printer. Both are MTM. Showings require 24 hour notice and are to be agent accompanied.
Opportunity to own real money maker here. 7 rented garages. Earn 8% cap rate. Opportunity to increase return with driveway rentals for cars etc. Lots of improvements on structure over last 2 years.
Calling all entrepreneurs, the outcome is income. This unique property offers 3 different spaces, use them all for your businesses, or rent some out and off set your overhaed. All while building equity in your own building. The front space is approximately 500 sq. ft and rented for $1350 a month, 2nd spot is approximately 450 Sq. Ft (has rented for $1150 with plenty of parking spots. Currently a pre-owned car sales office/lot. Third space is Approx 200 Sq Ft, can be used as a second pre-owned car lot with it own parking spaces. Very unique opportunity. Very well maintained and ready for you to move in and hustle. 25+ spots for pre-owned cars, corner lot with frontage on two streets. High foot & vehicle traffic location. Shown by appointment.