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180 Lancaster St 17,000 SF Specialty Building Offered at $2,000,000 at a 7.40% Cap Rate in Albany, NY 12210
Executive Summary
Absentee Parking Garage. 85% rented, remote access via Johnson Controls. Long term parking tenants, pay electronically. Turn key investment in Downtown Albany. One of only 3 private indoor garages in the area.
Property Facts
| Price | $2,000,000 | Building Class | B |
| Price Per SF | $117.65 | Lot Size | 0.32 AC |
| Sale Type | Investment or Owner User | Building Size | 17,000 SF |
| Cap Rate | 7.40% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1900 |
| Property Subtype | Parking Garage | Parking Ratio | 2.77/1,000 SF |
| Zoning | R2C | ||
| Price | $2,000,000 |
| Price Per SF | $117.65 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.40% |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 17,000 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 2.77/1,000 SF |
| Zoning | R2C |
Amenities
- Signage
Moderately walkable
70/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010100-076-024-0003-015-000-0000 | Improvements Assessment | $1,332,000 |
| Land Assessment | $127,000 | Total Assessment | $1,459,000 |
Property Taxes
Parcel Number
010100-076-024-0003-015-000-0000
Land Assessment
$127,000
Improvements Assessment
$1,332,000
Total Assessment
$1,459,000
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180 Lancaster St