The Kennedy at 45 Columbia: +/-85,357 SF Mixed-Use Multifamily Property and Parking Garage. 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 a 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. Priced to move at only $64 PSF.
Property Type(s):
Multi Family
|
Last Updated
|
6/25/2025
|
Year Built
|
2021
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
ductless |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Other |
| EXTERIOR |
Other |
| GARAGE |
Attached Garage, Yes |
| HEAT |
Ductless, GEOTHERMAL |
| LOT |
0.39 acre(s) |
| PARKING |
Attached, Heated Garage |
| SEWER |
Public Sewer |
| STYLE |
High Rise |
| TAXES |
31018.18 |
| WATER |
Public |
Location
This listing courtesy of Carrow Real Estate Services LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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