150 BroadwayMenands, NY 12204

  • Warehouses
  • 19,274 SF
For Lease
$7.50/SF/YR View listing

Property Details for 150 Broadway

Year built
1955
Lot size
24.80 AC
Property size (Sq ft)
19,274 SF
Zone code
84
Property type
Warehouses
APN
012603 55.13-1-3
APU
12603551313

Description

This exceptional sublease opportunity presents ±6,126 square feet of warehouse space within a larger, ±977,000 square foot mixed-use building located at 150 Broadway in Menands, New York. The property is zoned BBD and situated in Albany County, offering convenient access via Broadway. The building boasts ample parking with 2,000 spaces available for tenants and their visitors. This single-tenant industrial space is ideal for businesses seeking a well-located, functional warehouse solution. The sublease term commences in July 2024 and extends through July 31st, 2026, providing a solid timeframe for occupancy. The property's location in Menands, NY, offers easy access to major transportation routes, making it a strategic choice for distribution and logistics operations. With its substantial size and convenient amenities, this warehouse space presents a compelling opportunity for businesses seeking to establish or expand their operations in the Albany County area. The building's overall size of approximately 977,000 square feet indicates a substantial and well-established presence in the Menands commercial landscape. The availability of this ±6,126 square foot space represents a unique chance to secure a portion of this prime industrial real estate. The zip code for this property is 12204.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,480,373
    Hospitality
    $5,019,992
    Educational
    $4,176,575
    Medical
    $4,320,214
    Retail
    $6,496,894

Location Insight

City
Menands
County
Albany
State
New York
Latitude
42.688
Longitude
-73.7296
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$1,686,400
$15,813,600
$17,500,000
-
$3,306,667
$31,007,058
$34,313,725

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