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251 New Karner Rd
Colonie, NY 12205
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Great investment opportunity.
- Multi tenant building.
EXECUTIVE SUMMARY
10.4% cap rate. Multi-tenant office building with well established tenants. Edpm roof, updated hvac units, all led lighting, and located on public water. Possible 2nd mortgage held by current owner if kept on as building manager.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
43,032 SF
Building Class
B
Year Built
1982
Price
$1,651,982 CAD
Price Per SF
$38.39 CAD
Cap Rate
10.40%
NOI
$171,806 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,516 SF
Building FAR
0.66
Lot Size
1.50 AC
Zoning
15
Parking
75 Spaces (1.74 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 012689-041-001-0001-001-000-0000 | Improvements Assessment | $1,085,017 CAD |
| Land Assessment | $155,002 CAD | Total Assessment | $1,240,020 CAD |
PROPERTY TAXES
Parcel Number
012689-041-001-0001-001-000-0000
Land Assessment
$155,002 CAD
Improvements Assessment
$1,085,017 CAD
Total Assessment
$1,240,020 CAD
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