80 State StAlbany, NY 12207

Property Details for 80 State St

Year built

1984

Lot size

0.57 AC

Property size (Sq ft)

188,262 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

010100 76.42-3-2

APU

10100764232

Description

This exceptional 4,000-square-foot executive office suite is located within the prestigious 80 State Street building in downtown Albany. Situated in a Class A, twelve-story building constructed in 1984, this single-tenant space offers unparalleled convenience and prestige. The building boasts a stunning lobby, state-of-the-art security systems, and a comprehensive array of amenities. Parking is included in a nearby garage, providing ample space for tenants and visitors. The suite itself is adaptable, allowing for furnished occupancy or the option to bring your own furniture. Shared resources include a well-equipped conference room, a convenient kitchen area, and access to a modern fitness center. The building sits on a 0.57-acre lot and features a total of 188,262 square feet of office space, with 450 parking spaces available. The property benefits from robust power infrastructure, including 400+ amp service, a generator, and three-phase power. High-speed elevators ensure efficient vertical transportation. The building's MU DT Mixed Use zoning allows for flexibility and diverse uses. The Albany County location provides easy access to major transportation routes and downtown amenities. The property's APN is 010100 76.42-3-2. This is a rare opportunity to secure a highly desirable executive office suite in a prime downtown Albany location. Monthly rent is $1,500.

• CAP approach

  CAP return

  Valuation

  6%

  $46,767,200

  6.5%

  $43,169,724

  7%

  $40,086,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,763,656

  Geo Method

  $24,598,312

• Alternative Use

  Use

  Valuation

  Residential

  $53,530,456

  Hospitality

  $49,033,608

  Educational

  $40,795,388

  Medical

  $42,198,404

  Retail

  $63,459,492

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6493

Longitude

-73.7528

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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