705 Broadway
Albany, NY 12207
For Sale
1.24 ac
Sale Price
$3,900,000
Brochure
Map
Land For Sale - Available Immediately
Land with Approvals for Mixed-Use Development
Proximate to I-787 and the Albany Skyway, as well as many commercial users and amenities
Current plans include 64 units (ranging from Studio to Two Bedrooms), and ±4,000 SF of retail on the first floor, plus second building with ±102,136 SF, 9-story office tower with retail on the first floor and ±76 parking spaces
Previous plans included 134 units (ranging from Studio to Two Bedrooms), ±14,000 SF of first floor commercial space and ±64 parking spaces
$14M+ in Tangible Property Credits available
Contact Broker for additional information and details
Get in touch
Laurie Tylenda
Lic: Associate Real Estate Broker
Offered for sale is ±1.24 acres with full approvals in place for:
•9-story office building, ±102,136 SF with retail on the first floor
•4-story multi-family building, 56 units, ±54,770 SF with retail on the first floor
•Parking for 76
Previous approvals were for a 134-unit multifamily building totaling 180,000 SF, inclusive of 14,000 SF of office and retail. Brownfield tax credits are transferrable to a purchaser. The tangible property credits for a non-manufacturing use are just over $14M. Any project must be placed in service by 12/31/2030.
•9-story office building, ±102,136 SF with retail on the first floor
•4-story multi-family building, 56 units, ±54,770 SF with retail on the first floor
•Parking for 76
Previous approvals were for a 134-unit multifamily building totaling 180,000 SF, inclusive of 14,000 SF of office and retail. Brownfield tax credits are transferrable to a purchaser. The tangible property credits for a non-manufacturing use are just over $14M. Any project must be placed in service by 12/31/2030.
Located: Exit 4B of I-787 to Broadway. Site is less than 500 ft from the exit.
Total Space Available
1.24 ac
Sale Price
$3,900,000
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
| Population | 22,598 | 103,561 | 181,738 |
| Median Household Income | $53,853 | $64,073 | $76,842 |
| Daytime Population | 52,282 | 156,210 | 236,934 |
Get in touch
Laurie Tylenda
Lic: Associate Real Estate Broker