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Listed by Ryan Edson • Realty One Group Key

$ 8,490,000

Est. payment -/mo

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Active

201 Park Avenue Albany, NY 12202

64,934 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 64,934 sqft

Price per Sqft $130

MLS Listing ID 202622274

Year Built 1880

Annual Tax Amount $104,210

Lot Size 1.959 Acres

Acres 1.96

Lot Dimensions 327x261

Property Sub-Type Multi Family

Source Global MLS

Property Description

A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.

Location

State NY

County Albany

Zoning Commercial

Direction Take Exit 3B to Madison then turn onto Park Avenue.

Interior

Interior Features Built-in Features

Heating Electric, Heat Pump

Exterior

Parking Features Metered, Off Street

Building

Sewer Public Sewer

Water Public

Architectural Style Commercial

New Construction No

Others

Tax ID 010100 76.39-3-13

Joseph Gunther

NYS Licensed Real Estate Associate Broker License ID: 10401377220

+1(518) 227-3000 | jgunther@empirerealestatefirm.com

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