1. New York
  2. Albany
  3. 45 Columbia Street
$5,500,000

45 Columbia Street, Albany, NY 12207

  • 22 beds |
  • 22 baths |
  • 85,357 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2021
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon 170 car garage
  • Property Price Per Square Feet Icon $64/sqft
  • Property List Date Icon Listed 19 days ago

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.

Listing Status:
Active
Date Added:
June 25, 2025 at 05:00AM
Listing Office:
Carrow Real Estate Services LLC : 1 518-462-7491
Listing Agent:
Rudy R Lynch : 518-337-3705
MLS ID:
202520310
  • Basement: Full
  • Flooring: Concrete
  • A/C: Ductless
  • Heating: DuctlessGeothermal
  • Disability Feature: Other

This listing courtesy of Rudy R Lynch, Carrow Real Estate Services LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Arbor Hill Elementary School

1 Arbor Dr, Albany, NY, 12207

Grades PK-5

0.72 miles away

E

Edmund J O'Neal Middle School of Excellence

50 Lark St, Albany, NY, 12210

Grades 6-8

0.73 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

1.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.