201 Park Ave - Apartments FOR SALE


Albany, NY 12202- Capitol Hill
$9,200,000 USD
516-512-1437
201 Park Ave, Albany, NY for Sale
$9,200,000 USD
Apartments - FOR SALE
1/18
null | 7.07% Cap Rate

201 Park Ave
Albany, NY 12202
Capitol Hill


OVERVIEW

201 Park — A Rare Opportunity to Own a Piece of Local History Once a historic brewery and now a fully modernized 46-unit residential community, 201 Park offers the perfect blend of preserved character and contemporary comfort. This is a unique investment opportunity to acquire a one-of-a-kind property with strong tenant appeal and long-term value. Featuring a mix of 1-, 2-, and 3-bedroom apartments, each unit has its own distinct layout and architectural charm, making every residence truly unique. Renovated in 2023, all units include: • Stainless steel appliances • Brand-new kitchens and bathrooms • In-unit washer and dryer • Updated flooring, lighting, and finishes throughout The property is fully tenant-occupied, offering immediate cash flow and stability — perfect for investors seeking a turnkey, income-producing asset. Historic soul. Modern renovations. Strong tenancy. A rare chance to own a remarkable piece of the city’s past and future — only at 201 Park.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

46

PRICE/UNIT

$200,000

CAP RATE

7.07%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hinckel Brewery Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1850

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

R2C

APN/PARCEL ID

010100-076-039-0003-013-000-0000

ASK ABOUT THIS PROPERTY

Linda ChiouGroup Twenty SixMore Info
516-512-1437

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Linda ChiouGroup Twenty SixMore Info
516-512-1437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.