201 Park Ave - Apartments FOR SALE


Albany, NY 12202- Capitol Hill
$8,999,000 USD
516-512-1437
201 Park Ave, Albany, NY for Sale
$8,999,000 USD
Apartments - FOR SALE
1/18
null | 7.22% Cap Rate

201 Park Ave
Albany, NY 12202
Capitol Hill


OVERVIEW

201 Park is a fully renovated 46-unit residential community with a historic background as a former brewery, now repositioned as a modern multifamily asset. The property combines preserved architectural character with updated interior systems and finishes. The building offers a mix of 1-, 2-, and 3-bedroom apartments, each with unique layouts and architectural features. Comprehensive interior renovations completed in 2023 include updated kitchens and bathrooms, stainless steel appliances, in-unit washer and dryer, new flooring, modern lighting, and updated finishes throughout. The property is fully tenant-occupied, providing immediate income stability and operational continuity. A rare opportunity to acquire a fully stabilized, large-scale multifamily asset with historic character and modern improvements. Buyer to verify all information.

FOR SALE DETAILS

PRICE

$8,999,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

46

PRICE/UNIT

$195,630

CAP RATE

7.22%

% 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.