+44 20 3608 1267
Office building in the heart of Albany with a 8,9% yield

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Office building in the heart of Albany with a 8,9% yield

8,925,000 €
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Total area: 9,588 m² Profitability: 8.9 %
  • Absolute return: 767,945 €
  • Land area: 1,700 m²
  • Built in 1960
  • 6-floor building
  • Renter: 90 %
  • Number of parking lots: 175
  • Most recent total renovation: 1999
  • Total premises: 20

It is an office building for sale in the capital of NYS.


The total area of a six-storey building is 9,588 m².

The plot of 1,700 m².

There are 20 premises in total, three of them are retail ones on the ground floor with total area of 279 m², the other are office ones.

The property was built in 1960 and renovated in 1999, good condition.

There is a garage for 175 cars.

All premises except one are leased out.

Financial performance

Absolute income is 862,860 $.

The current yield of 8,9%.


There are 19 various tenants.

WAULT of 6 years.


The property is situated near the NYS Capitol, business and entertainment districts.

Public transportation, restaurants and cafes are within the walking distance.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Albany
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