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Harmunus Bleecker Building 19 Dove St 17,016 SF 51% Leased Office Building Albany, NY 12210 $1,050,000 ($61.71/SF) 18.27% Cap Rate

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EXECUTIVE SUMMARY

The previous home of the historic Harmanus Bleecker Library is now being offered for sale! This premier Class-A office building situated in the heart of Downtown Albany offering easy access to the NY State Capitol, Empire State Plaza, & a host of other conveniences & government buildings. Occupying a full block between Washington Ave & Spring St, this elegant property provides a clean & professional environment, while boasting +/- 17,000 SF w/ flexible floor plans up & potential ‘build-to-suit’ opportunities within. Other building features include an inviting marble lobby w/ soaring ceilings, full elevator access, janitorial services & more! Contact us today w/ questions or to schedule a tour! *Cap Rate, Gross Income & NOI shown are projected/gross potential - Ask agent for info on actual rents & vacancies*

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $243,900 $14.33
Other Income - -
Vacancy Loss - -
Effective Gross Income $243,900 $14.33
Taxes $28,023 $1.65
Operating Expenses $24,000 $1.41
Total Expenses $52,023 $3.06
Net Operating Income $191,877 $11.28

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $243,900
Annual Per SF $14.33
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $243,900
Annual Per SF $14.33
Taxes
Annual $28,023
Annual Per SF $1.65
Operating Expenses
Annual $24,000
Annual Per SF $1.41
Total Expenses
Annual $52,023
Annual Per SF $3.06
Net Operating Income
Annual $191,877
Annual Per SF $11.28

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,016 SF
Building Class
B
Year Built/Renovated
1923/2001
Price
$1,050,000
Price Per SF
$61.71
Cap Rate
18.27%
NOI
$191,877
Percent Leased
51%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,672 SF
Slab To Slab
11’
Building FAR
1.86
Lot Size
0.21 AC
Zoning
CO - Commercial

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Security System
  • Signage
  • Central Heating
  • High Ceilings
  • Natural Light
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Real Estate
  • -
  • -
  • -

Financial planner in Albany County, New York

  • Services
  • -
  • -
  • -

Our firm exists because we believe in the power of words, images and ideas to enlighten, to inspire, to build understanding and to create opportunity. We exist because we believe deeply in a vibrant marketplace of ideas, products and services — a marketplace that is enriched by smart, fair and fearless competition. We exist to help great companies and organizations, large and small, succeed and prosper. Their success means a better life for all who depend on them — their employees, their customers, their suppliers, their communities.

  • Services
  • -
  • -
  • -

IBANYS exclusively represents the interest of independent community banks located throughout New York State. Community banks share a commitment to meeting the financial needs of their respective local communities. A community bank is a financial institution with a strategic business plan to ‘recycle’ deposits into loans within the same communities where the deposits were gathered. This philosophy encourages a vibrant, growing local economy and insures that the growth of a community is not restricted to a predetermined allotment of loans. When entrepreneurs and families look for financial help they turn to the institution they know and trust – a local community bank. A community bank is involved in its community through economic development, civic organizations and philanthropic activities. Independent and community are used interchangeably to describe financial institutions which are community-based and not owned by a large multi-state bank holding company. With locally-based ownersh

  • Services
  • -
  • -
  • -

The Lawsuit Reform Alliance of New York (LRANY) is a nonpartisan not-for-profit association of businesses, healthcare providers, membership organizations, and concerned taxpayers committed to fixing New York’s legal system to help create jobs and energize the state’s economy. LRANY is the only advocacy organization in New York solely dedicated to civil justice reform.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Founded in 2012, Relentless is a strategic communications, events, and public engagement agency that represents policy makers at the local, state, and federal level; create millions of dollars of economic activity in markets we operate in; and curates magical and meaningful experiences at events we manage. Relentless Awareness is a full-service media relations and digital outreach agency located in Albany, N.Y. and Greenville, S.C. Our agency aims on delivering substantial results at affordable prices for our clients. Our clients consist of some of the top decision-makers on the local, state, and federal level; create millions of dollars in economic activity in the Capital Region; and responsible for some of the area’s best known performers and festivals that add to the region’s vibrancy. Our story began in January 2012, when Joe Bonilla and Rich Fazio, who had together developed the Knickerbocker Film Festival, decided to team up once again to start a company that could enhance bra

  • Representative Paul D Tonko
  • Public Administration
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Real Estate - - -
Services - - -
Services - - -
Services - - -
Professional, Scientific, and Technical Services - - -
Representative Paul D Tonko Public Administration - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 2,800 SF
  • Office
  • Spec Suite
  • Now

Owner willing to do build to suit.

  • 2nd Floor
  • 2,800 SF
  • Office
  • -
  • Now

Historic Charm Meets Modern Functionality! This prime location offers easy access to the NY State Capitol, Empire State Plaza, & a host of other key amenities & government buildings. Occupying a full block between Washington Ave & Spring St, this elegant property provides a clean & professional environment w/ flexible floor plans.

  • 3rd Floor
  • 2,800 SF
  • Office
  • -
  • Now

Historic Charm Meets Modern Functionality! This prime location offers easy access to the NY State Capitol, Empire State Plaza, & a host of other key amenities & government buildings. Occupying a full block between Washington Ave & Spring St, this elegant property provides a clean & professional environment w/ flexible floor plans.

Space Size Space Use Condition Available
1st Floor 2,800 SF Office Spec Suite Now
2nd Floor 2,800 SF Office - Now
3rd Floor 2,800 SF Office - Now

1st Floor

Size
2,800 SF
Space Use
Office
Condition
Spec Suite
Available
Now

2nd Floor

Size
2,800 SF
Space Use
Office
Condition
-
Available
Now

3rd Floor

Size
2,800 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 2,800 SF
Space Use Office
Condition Spec Suite
Available Now

Owner willing to do build to suit.

2nd Floor

Size 2,800 SF
Space Use Office
Condition -
Available Now

Historic Charm Meets Modern Functionality! This prime location offers easy access to the NY State Capitol, Empire State Plaza, & a host of other key amenities & government buildings. Occupying a full block between Washington Ave & Spring St, this elegant property provides a clean & professional environment w/ flexible floor plans.

3rd Floor

Size 2,800 SF
Space Use Office
Condition -
Available Now

Historic Charm Meets Modern Functionality! This prime location offers easy access to the NY State Capitol, Empire State Plaza, & a host of other key amenities & government buildings. Occupying a full block between Washington Ave & Spring St, this elegant property provides a clean & professional environment w/ flexible floor plans.

Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010100-065-080-0004-048-000-0000
Land Assessment
$156,000 (2024)
Improvements Assessment
$733,000 (2024)
Total Assessment
$889,000 (2024)
Annual Taxes
$28,023 ($1.65/SF)
Tax Year
2025
  • Listing ID: 36244386

  • Date on Market: 6/13/2025

  • Last Updated:

  • Address: 19 Dove St, Albany, NY 12210

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