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1875 Altamont Ave 2,985 SF 100% Leased Office Building Schenectady, NY 12303 $2,000,000 ($670.02/SF) 4.75% Cap Rate
Investment Highlights
- No landlord responsibilities—Tenant pays utilities, taxes, and maintains all aspects of the premises
- Building is on a corner lot next to a signalized intersection
- Located along Altamont Ave, a main commercial corridor in the Albany, NY MSA
Executive Summary
The Chase Bank investment property is located in Rotterdam, NY, a suburb of the Albany, NY MSA. Other tenants in the trade area include Market 32, Hannaford, Walmart, Crunch Fitness, Citi Trends, Advance Auto Parts, AutoZone, Moe’s Southwest Grill, Dollar Tree, Wendy’s, McDonald’s, Dunkin’, and Planet Fitness.
The Albany region is a vital economic hub with a total labor force of approximately 554,900 and a low unemployment rate of just 3.3%. Its economy is both diverse and resilient, anchored by government, healthcare, education, technology, and advanced manufacturing. The area is also a major logistics center, hosting fulfillment and distribution facilities for companies such as AceHardware, Coca-Cola, FedEx, UPS, and Target, which together employ more than 14,000 workers and strengthen the region’s position in transportation, trade, and utilities.
As the capital of New York State, Albany supports tens of thousands of public-sector jobs across state agencies and legislative offices. Healthcare and life sciences further drive regional growth, led by top employers including Albany Medical Center, St. Peter’s Health Partners, and Ellis Medicine.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Chase Bank serves as the consumer and commercial banking division of JPMorgan Chase. The institution originated in 1799 when Aaron Burr established The Manhattan Company in New York City. Over two centuries, it evolved through mergers with entities like Chase National Bank (1955) and J.P. Morgan (2000). Today, the bank provides extensive financial services including personal banking, credit cards, mortgages, auto loans, and investment products. Business offerings encompass commercial banking, lending, and payment processing solutions. While maintaining a significant physical branch network, Chase also emphasizes digital platforms for modern customer needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 059-009-0002-026-001-0000 | Improvements Assessment | $395,400 |
| Land Assessment | $103,300 | Total Assessment | $498,700 |
Property Taxes
Presented by
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1875 Altamont Ave
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