45 Columbia Street, Albany, NY 12207

Local realty services provided by:HUNT Real Estate ERA
45 Columbia Street,Albany, NY 12207
$5,500,000
  • 22 Beds
  • 22 Baths
  • 85,357 sq. ft.
  • Multi-family
  • Active
Listed by:rudy r lynch
Office:carrow real estate services llc.
MLS#:202520310
Source:Global MLS

Price summary

  • Price:$5,500,000
  • Price per sq. ft.:$64.44

About this home

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.

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Home facts

  • Year built:2021
  • Listing ID #:202520310
  • Added:96 day(s) ago
  • Updated:September 29, 2025 at 03:39 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:22
  • Full bathrooms:22
  • Living area:85,357 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Ductless, Geothermal

Structure and exterior

  • Roof:Rubber
  • Year built:2021
  • Building area:85,357 sq. ft.
  • Lot area:0.39 Acres

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,500,000
  • Price per sq. ft.:$64.44
  • Tax amount:$31,018
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