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251 New Karner Rd
Colonie, NY 12205
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Great investment opportunity.
- Multi tenant building.
EXECUTIVE SUMMARY
10.4% cap rate. Multi-tenant office building with well established tenants. Edpm roof, updated hvac units, all led lighting, and located on public water. Possible 2nd mortgage held by current owner if kept on as building manager.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
43,032 SF
Building Class
B
Year Built
1982
Price
$1,199,000
Price Per SF
$27.86
Cap Rate
10.40%
NOI
$124,696
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,516 SF
Building FAR
0.66
Lot Size
1.50 AC
Zoning
15
Parking
75 Spaces (1.74 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 012689-041-001-0001-001-000-0000 | Improvements Assessment | $787,500 |
| Land Assessment | $112,500 | Total Assessment | $900,000 |
PROPERTY TAXES
Parcel Number
012689-041-001-0001-001-000-0000
Land Assessment
$112,500
Improvements Assessment
$787,500
Total Assessment
$900,000
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