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Listed by Philip Sabatino • Hanna Commercial

$ 779,999

Est. payment -/mo

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Active

409 New Karner Road Albany, NY 12205

11,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 11,200 sqft

Price per Sqft $69

MLS Listing ID 202627839

Year Built 1993

Annual Tax Amount $27,460

Lot Size 0.740 Acres

Acres 0.74

Lot Dimensions 140x197x177x200

Property Sub-Type Office

Source Global MLS

Property Description

Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker. Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker.

Location

State NY

County Albany

Zoning Commercial

Direction Take Exit 2W (Central Avenue). Head west on central Avenue and turn right into New Karner Road. 409 is a short distance up on the right.

Interior

Interior Features High Speed Internet, Walk-In Closet(s), Built-in Features, Crown Molding, DSL Internet, Elevator

Heating Natural Gas

Flooring Carpet

Exterior

Exterior Feature Lighting

Parking Features Off Street, Paved, Private

Roof Type Flat,Rubber

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Office

New Construction No

Others

Tax ID 012689 29.11-5-13.2

Empire Real Estate Firm LLC

Broker

+1(518) 662-7653 | admin@empirerealestatefirm.com

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