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285 Washington Ave - 6-Unit Mixed Use 285 Washington Ave 7,696 SF 100% Leased Retail Building Albany, NY 12206 $938,854 CAD ($121.99 CAD/SF) 6.32% Cap Rate
Investment Highlights
- 6-Unit Mixed-Use Asset
- Income-Producing Property
- Flexible Commercial Opportunity
- Prime Center Square Location
- Value-Add Potential
- Walkable Urban Location
Executive Summary
Value-add investment opportunity in Albany’s highly desirable Center Square neighborhood. This 6-unit mixed-use apartment building features two street-level commercial spaces, offering investors the opportunity to acquire an existing income-producing asset with additional upside through repositioning, leasing, or owner-user occupancy. Ideally located within walking distance of restaurants, bars, shopping, and Washington Park, the property offers strong urban accessibility and convenient proximity to downtown Albany. A compelling opportunity for investors seeking a value-add multifamily/mixed-use asset in an established neighborhood. Schedule your showing today.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,696 SF
Building Class
C
Year Built
1902
Price
$938,854 CAD
Price Per SF
$121.99 CAD
Cap Rate
6.32%
NOI
$59,328 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.33
Lot Size
0.08 AC
Zoning
R2B - Residential business
Frontage
34’ on Washington Ave
Amenities
- Bus Line
- Signage
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010100-065-071-0003-037-000-0000 | Improvements Assessment | $520,588 CAD |
| Land Assessment | $56,616 CAD | Total Assessment | $577,204 CAD |
Property Taxes
Parcel Number
010100-065-071-0003-037-000-0000
Land Assessment
$56,616 CAD
Improvements Assessment
$520,588 CAD
Total Assessment
$577,204 CAD
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285 Washington Ave - 6-Unit Mixed Use | 285 Washington Ave
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