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9 Washington Sq
Albany, NY 12205
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Mixed use with residential & commercial.
- Great investment opportunity.
EXECUTIVE SUMMARY
9.5% cap rate. Mixed use with residential & commercial tenants. Class a+ office building. Superior condition with high-end finishes. Professional tenant mix. Solid leases. Great cash flow. Easy access to rt 155, i90, i87, downtown Albany, nanotech center, etc. Possible 2nd mortgage held by current owner if kept on as building manager. 9 residential tenants & 6 commercial spaces.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
33,400 SF
Building Class
B
Year Built
1985
Price
$3,199,000
Price Per SF
$95.78
Cap Rate
9.50%
NOI
$303,905
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,700 SF
Building FAR
0.49
Lot Size
1.58 AC
Zoning
CO - Commercial
Parking
258 Spaces (7.72 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 010100-041-000-0002-097-000-0000 | Improvements Assessment | $332,800 |
| Land Assessment | $1,147,000 | Total Assessment | $1,479,800 |
PROPERTY TAXES
Parcel Number
010100-041-000-0002-097-000-0000
Land Assessment
$1,147,000
Improvements Assessment
$332,800
Total Assessment
$1,479,800
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