82 N Pearl St - Apartments FOR SALE


Albany, NY 12207- Sheridan Hollow
$1,190,000 USD
518-337-3705
82 N Pearl St, Albany, NY for Sale
$1,190,000 USD
Apartments - FOR SALE
1/52
null | 5.99% Cap Rate

82 N Pearl St
Albany, NY 12207
Sheridan Hollow


HIGHLIGHTS

  • Iconic Downtown Albany Investment Opportunity!
  • Originally constructed in 1850 and thoughtfully renovated in 2020
  • Five fully leased market-rate apartments and two high-visibility retail storefronts

OVERVIEW

Iconic Downtown Albany Investment Opportunity! Discover +/-10,085 SF of prime mixed-use space at the bustling corner of North Pearl & Columbia Streets. This four-story historic building—originally constructed in 1850 and thoughtfully renovated in 2020—features five fully leased market-rate apartments and two high-visibility retail storefronts. Zoned MU-DT, the property offers excellent exposure and foot traffic in Albany’s vibrant downtown district. Includes a passenger elevator and strong rental history. One retail space is currently vacant, presenting a rare opportunity for an owner-occupant or additional tenant income. Offered at $1,190,000 ($118/SF), this is a turnkey asset ideal for investors seeking value, stability, and upside potential in a dynamic urban market.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

5

PRICE/UNIT

$238,000

CAP RATE

5.99%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Apartments and 2 Retial Spaces

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1820

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,139 SF

ZONING

C3

APN/PARCEL ID

010100-076-034-0002-007-000-0000

ASK ABOUT THIS PROPERTY

Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

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Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

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