409 New Karner Road, Albany, NY 12205, Albany

$ 779,999

Overview

  • Updated On:
  • October 9, 2026
  • 11,200 ft2
  • Property Size

Description

Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker. Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker.

Address: 409 New Karner Road, Albany, NY 12205
City:
State/County:
Zip: 12205
Country: United States

Property Id: 881324
Price: $ 779,999
Property Size: 11,200 ft2
Property Lot Size: 1 ft2
Listing Agent Email: PhilipSabatino@hannaCre.com
Listing Agent: Philip Sabatino
Listing Agent Phone: 518-376-2717
Listing Office: Hanna Commercial

Other Features
Built-in Features
Crown Molding
DSL Internet
Elevator
Has Cooling System
Has Heating System
High Speed Internet
Lighting
Walk-In Closet(s)

$ 3,999.21
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,024.21

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