Map of Property

45 Columbia Street

For Sale

45 Columbia Street, Albany, NY 12207

This Albany property for sale is located at 45 Columbia Street. The current listed sale price for 45 Columbia Street is $5,500,000.

Contacts

broker
Rudy R. Lynch

Carrow Real Estate Services

Property Details

  • Property Type Multi-Family
  • Property Size 85,357 SF
  • Units 22
  • Cap Rate % 8.8
  • Date Updated Jul 1, 2025

Twenty two (22) market-rate residential apartment units One hundred seventy (170) interior heated garage parking spaces Located in the heart of Downtown Albany, New York Surrounded by numerous hotels, restaurants, bars & entertainment options Directly on public bus line Renovated in 2021 100% occupied 8.80% cap rate based on current income Upside through conversion of a portion of existing parking garage space to additional residential units Favorable 485-a real property tax exemption in place Located in a Qualified Opportunity Zone

 

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Getting around

  • 93/100

    Walk Score ®

  • 72/100

    Transit Score ®

  • 76/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Albany, NY
  • Neighborhood Sheridan Hollow
  • Zip Code 12207
  • Market Albany

Points of Interest

  • Rensselaer Rail Station Taxi Stand

    0.89 miles

  • Albany International Airport Taxi Stand

    7.15 miles

  • Sunoco

    0.40 miles

  • Stewart's

    0.71 miles

  • Mobil

    0.92 miles

  • pitStop

    0.99 miles

  • Citgo

    1.19 miles

  • Plaza 23 Truck Stop

    1.21 miles

  • ChargePoint

    1.91 miles

  • Market 32

    2.25 miles

  • Tesla Supercharger

    5.34 miles

  • ChargeSmart

    5.61 miles

  • The Kennedy

    0.04 miles

  • Upstate Concert Hall Parking Garage

    0.04 miles

  • Broadway Lot at Orange

    0.04 miles

  • N. Pearl St Lot at Sheridan

    0.09 miles

  • 628 Broadway Parking Garage

    0.09 miles

  • Riverfront Municpal Parking Garage

    0.11 miles

  • CDTA Lot

    0.13 miles

  • Quackenbush Square Garage

    0.16 miles

  • Hotel Albany Garage

    0.17 miles

  • 470 Broadway Lot

    0.18 miles

  • Hampton Inn & Suites Albany - Downtown

    0.12 miles

  • Hilton Albany

    0.19 miles

  • Hyatt Place Albany

    0.22 miles

  • Fairfield Inn & Suites Albany Downtown

    0.24 miles

  • Renaissance Albany Hotel

    0.30 miles

  • Fort Orange Club Guest Rooms

    0.54 miles

  • State Street Mansion Bed and Breakfast

    0.60 miles

  • Morgan State House Inn

    0.87 miles

  • TownePlace Suites Albany Downtown/Medical Center

    1.21 miles

  • The Argus Hotel

    1.31 miles

  • Market 32

    0.90 miles

  • Save-A-Lot

    2.07 miles

  • Honest Weight Food Co-op

    2.45 miles

  • Target

    2.55 miles

  • Walmart Supercenter

    2.56 miles

  • ALDI

    2.81 miles

  • Hannaford

    2.87 miles

  • Asian Food Market

    2.93 miles

  • TJ Maxx

    3.08 miles

  • Town Squire Plaza

    4.01 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Rudy R. Lynch

Carrow Real Estate Services

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