145 Central AveAlbany, NY 12206

Property Details for 145 Central Ave

Year built

1950

Lot size

0.39 AC

Property size (Sq ft)

33,920 SF

Zone code

C3

Property type

Office buildings

APN

010100 65.63-5-46

APU

101006563546

Description

This exceptional two-story, 34,132-square-foot office building at 145 Central Avenue in Albany, New York, presents a unique owner-user opportunity. The property boasts approximately 18,000 square feet of improved first-floor office space, complemented by roughly 16,000 square feet of lower-level storage. A significant advantage is the inclusion of a private, gated parking lot accommodating approximately 50 vehicles, located at 106 Central Avenue. The building features a freight elevator and 6-inch raised flooring throughout the main level. Its prime location along Central Avenue (Route 5), a major commercial artery, ensures high visibility and accessibility. The property benefits from proximity to key amenities, including a CDTA bus stop (routes 1, 803, and 807) approximately 354 feet away, Albany Medical Center (1.1 miles), and the Empire State Plaza (1.1 miles). Furthermore, it enjoys convenient access to I-90 (Exit 6, 1.3 miles away), and benefits from a high average annual daily traffic count of 15,986 vehicles. The property is zoned for mixed-use development under a form-based zoning code. Offered at $1,685,000 ($49.37/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $8,426,254

  6.5%

  $7,778,080

  7%

  $7,222,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,461,778

  Geo Method

  $4,431,987

• Alternative Use

  Use

  Valuation

  Residential

  $9,644,820

  Hospitality

  $8,834,603

  Educational

  $7,350,286

  Medical

  $7,603,074

  Retail

  $11,433,778

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.661

Longitude

-73.7676

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].