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38 Ten Broeck st - St. Joseph's Church 17,520 SF Specialty Building Offered at $100,000 in Albany, NY 12210

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INVESTMENT HIGHLIGHTS

17,500-square-foot former St. Joseph’s Church currently offering flexible floorplans, iconic windows, and ceiling structures.
Historic 19th-century church, part of Albany’s skyline, primed for redevelopment in a part of the city that has seen positive change and growth.

Within Albany, New York’s Central Business District and Opportunity Zone, further enhancing the redevelopment of the historic building.
Of the asset’s surrounding five miles, there is a spending power of $2.2B, approximately 183,767 residents, and an average income shy of $90K.

EXECUTIVE SUMMARY

NAI Platform is pleased to present the one-of-a-kind opportunity of acquiring the former St. Joseph’s Church in the heart of Albany’s Central Business District for a premier redevelopment acquisition. The specialty site can cater to the permitted uses of a 1-3 unit dwelling, multifamily dwelling, community residential facility, club, community center, cultural facility, day-care center, religious institution, beauty salon, spa or barbershop, professional office, specialty retail conditional uses: assisted living facility or nursing home, group living, higher education institute, hospital, school, restaurant, bed-and-breakfast, general office, personal or business service, indoor recreation or entertainment. This is a city-owned property; recent re-zoning and now listing demonstrates a willingness on the part of the city to welcome development. Schedule a tour today to see this beautiful historic property stabilized by municipal authorities.

This historic redevelopment opportunity is in the top-market urban core. It is within walking distance of the Palace Theater, Capital Rep Theater, Upstate Concert Hall, Riverfront Park, and all of the downtown Albany and State government buildings.

There is a high potential for federal and state funding, including Historic tax credits, the Downtown Revitalization Initiative (DRI), and the Community and Development Block Grant (CDBG).

All potential buyers are to undergo formal application review by the owning/governing municipality. Applicants must illustrate intent and demonstrate experience, financial capability, and site use feasibility.

View the Listing Brochure

PROPERTY FACTS

Price	$100,000	Building Class	B
Price Per SF	$5.71	Lot Size	0.83 AC
Sale Type	Owner User	Building Size	17,520 SF
Sale Condition	Redevelopment Project	No. Stories	2
Property Type	Specialty	Year Built	1861
Property Subtype	Religious Facility	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2B

Price	$100,000
Price Per SF	$5.71
Sale Type	Owner User
Sale Condition	Redevelopment Project
Property Type	Specialty
Property Subtype	Religious Facility
Building Class	B
Lot Size	0.83 AC
Building Size	17,520 SF
No. Stories	2
Year Built	1861
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2B