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Albany Plaza 3 Watervliet Avenue Ext 215 Room Hotel Albany, NY 12206 $11,618,479 CAD ($54,039 CAD/Room)
INVESTMENT HIGHLIGHTS
- 10,000+ Square Feet of Commercial Space (Includes Full Restaurant, Office Spaces, Meeting Spaces and an Event Hall)
- Site size of 5.40 Acres
- 2 Operational Elevators and 2 Pools
- Hotel is non-union and is running independently, with lots of opportunity's for expansion
EXECUTIVE SUMMARY
Albany Plaza is a fully operational, independently run full-service hotel comprising 215 guest rooms situated on a 5.40-acre site at 3 Watervliet Avenue Extension, Albany, NY. The property contains approximately 115,304 square feet, consisting of a 9-story main tower and a 2-story rear building, supported by a surface parking lot with over 300 parking spaces. The hotel is currently operated independently (non-franchised), providing immediate operational continuity while also allowing flexibility for rebranding, soft-brand affiliation, or continued independent ownership, subject to buyer preference. Strategically positioned with convenient access to Interstate 90, the property is minutes from Downtown Albany, the New York State Capitol, University at Albany (SUNY), major medical centers, and regional employment centers, offering strong accessibility and visibility. Existing improvements include meeting and event space, restaurant and bar areas, indoor and outdoor pools, fitness center, business center, elevators, and additional ancillary facilities. Zoned C-2 Highway Business, the site offers potential for continued hospitality use or alternative commercial or institutional uses, subject to zoning and required approvals. The property is non-union and offered as-is. Tours by appointment only. Do not disturb on-site operations or staff. Additional information available upon request to qualified parties. For Financials and Offering Memorandum please contact us.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Indoor Pool
- Outdoor Pool
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 215 | $109.35 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 010100-053-076-0001-003-000-0000 | Total Assessment | $9,898,535 CAD (2024) |
| Land Assessment | $2,929,224 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $6,969,311 CAD (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
010100-053-076-0001-003-000-0000
Land Assessment
$2,929,224 CAD (2024)
Improvements Assessment
$6,969,311 CAD (2024)
Total Assessment
$9,898,535 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2025
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Presented by
B2B Real Estate Group Inc
Albany Plaza | 3 Watervliet Avenue Ext
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