Contacts
CBRE Upstate NY
Property Details
- Property Type Land
- Lot Size 1.24 Acre
- Zoning MU-DT
- Date Updated Aug 13, 2026
Offered for sale is ±1.24 acres with full approvals in place for:
•9-story office building, ±102,136 SF with retail on the first floor
•4-story multi-family building, 56 units, ±54,770 SF with retail on the first floor
•Parking for 76
Previous approvals were for a 134-unit multifamily building totaling 180,000 SF, inclusive of 14,000 SF of office and retail
Brownfield tax credits are transferrable to a purchaser. The tangible property credits for a non-manufacturing use are just over $14M. Any project must be placed in service by 12/31/2030
+Proximate to I-787 and the Albany Skyway, as well as many commercial users and amenities
+Current plans include 64 units (ranging from Studio to Two Bedrooms), and ±4,000 SF of retail on the first floor, plus second building with ±102,136 SF, 9-story office tower with retail on the first floor and ±76 parking spaces
+Previous plans included 134 units (ranging from Studio to Two Bedrooms), ±14,000 SF of first floor commercial space and ±64 parking spaces
+$14M+ in Tangible Property Credits available
+Contact Broker for additional information and details
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
-
84/100
Walk Score ®
-
70/100
Transit Score ®
-
75/100
Bike Score ®
Location
- City Albany, NY
- Neighborhood Sheridan Hollow
- Zip Code 12207
- Market Albany
Points of Interest
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Rensselaer Rail Station Taxi Stand
1.03 miles
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Albany International Airport Taxi Stand
7.01 miles
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Sunoco
0.19 miles
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Stewart's
0.78 miles
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pitStop
0.78 miles
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Mobil
1.02 miles
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Stewart's Shops
1.29 miles
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Citgo
1.37 miles
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Plaza 23 Truck Stop
1.41 miles
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ChargePoint
2.12 miles
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Market 32
2.26 miles
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Tesla Supercharger
5.25 miles
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Quackenbush Square Garage
0.12 miles
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CDTA Lot
0.14 miles
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Water Street State Parking Lot
0.15 miles
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Broadway Lot at Orange
0.17 miles
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N. Pearl St Lot at Sheridan
0.17 miles
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The Kennedy
0.18 miles
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628 Broadway Parking Garage
0.18 miles
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Upstate Concert Hall Parking Garage
0.18 miles
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Water Street Annex Parking Lot
0.25 miles
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County of Albany Spruce Street Parking garage
0.28 miles
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Hyatt Place Albany
0.05 miles
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Hampton Inn & Suites Albany - Downtown
0.19 miles
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Hilton Albany
0.37 miles
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Fairfield Inn & Suites Albany Downtown
0.45 miles
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Renaissance Albany Hotel
0.47 miles
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Fort Orange Club Guest Rooms
0.60 miles
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State Street Mansion Bed and Breakfast
0.66 miles
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Morgan State House Inn
0.89 miles
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Red Carpet Inn & Suites
1.18 miles
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The Argus Hotel
1.33 miles
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Market 32
1.02 miles
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Save-A-Lot
2.23 miles
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Honest Weight Food Co-op
2.36 miles
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Target
2.51 miles
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Walmart Supercenter
2.55 miles
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ALDI
2.72 miles
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Hannaford
2.81 miles
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Asian Food Market
2.87 miles
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TJ Maxx
2.99 miles
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Town Squire Plaza
4.22 miles
CBRE Upstate NY
