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Listed by Rudy R Lynch • Carrow Real Estate Services LLC

$8,489,000

Est. payment - /mo

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87,616 SqFt

New

725 Broadway Albany, NY 12207

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 87,616 sqft

Price per Sqft $96

MLS Listing ID 202627830

HOA Y/N No

Year Built 1999

Annual Tax Amount $342,996

Lot Size 4.000 Acres

Acres 4.0

Lot Dimensions 483'x810'

Property Sub-Type Office

Source Global MLS

Property Description

Exceptional opportunity to acquire a +/-90,000 SF Class A office building in Downtown Albany. Built in 1999, the four-story property features efficient +/-22,500 SF floor plates, a traditional office buildout with private offices, open work areas and numerous conference rooms, plus a full cafeteria, fitness center and locker rooms. The property includes a 392-space gated parking lot (4.36 spaces/1,000 SF), two passenger elevators, one freight elevator and a loading dock. Excellent visibility from I-787 with approximately 88,000 vehicles per day and convenient interstate access. Situated on +/-4.0 acres with MU-CU zoning and adjacent to the recently constructed Hyatt Place. Expansive views of the Hudson River and Downtown Albany. Offered at $8,489,000 ($94.32/SF), significantly below replacement cost.

Location

State NY

County Albany

Zoning Mixed

Direction From I-787, take Exit 4B toward Clinton Avenue/Downtown Albany. Continue toward Broadway and proceed north to 725 Broadway. Property is located on Broadway adjacent to Hyatt Place with gated on-site parking.

Interior

Heating Forced Air

Inclusions Building & Land

Exterior

Parking Features Private

Building

Sewer Public Sewer

Water Public

Architectural Style Office

New Construction No

Others

Tax ID 010100 76.8-1-2

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Nearby Locations

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Stefanie Waldron

+1(518) 522-1476