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Off Market
1/38

150 Broadway
Menands, NY 12204


HIGHLIGHTS


OVERVIEW

INCREDIBLE CAPITAL DISTRICT INVESTMENT OPPORTUNITY WITH TREMENDOUS UPSIDE. +/-977,780 SF MIXED-USE OFFICE / FLEX BUILDING ON 32.42 ACRES. LESS THAN THREE MINUTES TO DOWNTOWN ALBANY AND EIGHT MINUTES TO DOWNTOWN TROY. 58.89% OCCUPIED WITH 400,000 SF OF VACANT UPSIDE! 6.29% CAP RATE ON CURRENT IN-PLACE INCOME. OPPORTUNITY TO CONVERT UPPER 7TH AND 8TH FLOORS TO RESIDENTIAL WITH MAGNIFICENT VIEWS. FOUR STORY PARKING GARAGE OFFERS TENANTS COVERED AND SECURED PARKING. ON-SITE AMENITIES INCLUDE INDOOR WALKING TRACK, GOURMET CAFE SERVING BREAKFAST AND LUNCH, CONVENIENCE STORE IN ADDITION TO A FOOTBRIDGE LEADING TO NUMEROUS NATURE TRIALS. PRICED TO MOVE AT ONLY $56 PSF!

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

RIVERVIEW CENTER

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

977780

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

1800

LAND DETAILS

LAND ACRES

24.8 AC AC

LAND SF

1,080,288 SF

ZONING

-

APN/PARCEL ID

012603-055-013-0001-003-000-0000