Description
PRIME DOWNTOWN ALBANY MIXED-USE INVESTMENT -- 41 RESIDENTIAL UNITS + 21 COMMERCIAL SPACES | $4,450,000 A rare opportunity to own a signature mixed-use asset in the heart of the Downtown Albany Historic District. This 101,730 SF building sits on a 0.53-acre lot at the corner of Pine St and N Pearl St, offering 41 luxury residential units and 21 commercial spaces under one roof -- steps from Albany's business core, courts, and government offices. 96 Walk Score. Residential units are finished to a high standard: custom kitchens with stainless appliances and granite countertops, in-unit washer/dryer, hardwood floors, and state-of-the-art VRF mini-split heating and cooling systems. Bathrooms feature mahogany vanities, custom lighting, and select units with mosaic-tiled walk-in showers. Building amenities include a rooftop patio, theater room, and fitness center -- driving strong resident retention and premium rents in a tight downtown rental market. Built in 1880 and set within Albany's Historic District, the property combines architectural character with modern systems and finishes, appealing to residents and commercial tenants seeking a downtown address. Ideal for investors seeking diversified income across residential and commercial tenancy in one of the Capital Region's most established urban cores.
Description
PRIME DOWNTOWN ALBANY MIXED-USE INVESTMENT -- 41 RESIDENTIAL UNITS + 21 COMMERCIAL SPACES | $4,450,000 A rare opportunity to own a signature mixed-use asset in the heart of the Downtown Albany Historic District. This 101,730 SF building sits on a 0.53-acre lot at the corner of Pine St and N Pearl St, offering 41 luxury residential units and 21 commercial spaces under one roof -- steps from Albany's business core, courts, and government offices. 96 Walk Score. Residential units are finished to a high standard: custom kitchens with stainless appliances and granite countertops, in-unit washer/dryer, hardwood floors, and state-of-the-art VRF mini-split heating and cooling systems. Bathrooms feature mahogany vanities, custom lighting, and select units with mosaic-tiled walk-in showers. Building amenities include a rooftop patio, theater room, and fitness center -- driving strong resident retention and premium rents in a tight downtown rental market. Built in 1880 and set within Albany's Historic District, the property combines architectural character with modern systems and finishes, appealing to residents and commercial tenants seeking a downtown address. Ideal for investors seeking diversified income across residential and commercial tenancy in one of the Capital Region's most established urban cores.
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