32 N Russell Road Albany, NY ^$ 3,250,000

32 N Russell Road

^$ 3,250,000

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32 N Russell Road

Albany, NY, 12205

^$ 3,250,000

Bedrooms-- Baths-- Sq 65,309

Monthly Estimate*

^$ 20,011

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Commercial Property for sale in Albany, NY

for $3,250,000. This 65,309 square foot building was built in 1960 on a lot size of 2.82.

Prime Albany Office Investment or Owner-User Opportunity! +/-65,309 SF Class B multi-tenant office building on +/-2.82 acres with 246 on-site parking spaces (4:1 ratio). Conveniently located minutes from I-90, Exit 5 (Everett Rd). Currently 33% occupied with +/-45,170 SF available for immediate use. Features include new roof (2024), passenger elevator, +/-1,600 SF residential penthouse, 3-phase/1600 AMP electrical service, MU-CH zoning, and CDTA bus access. Ideal for investors or owner-occupants seeking value-add potential. Offered at $3,250,000 ($49.76/SF).

Commercial Active

Price

^$ 3,250,000

Property Type

Commercial

Taxes

^$ 102,065

Style

Office

Lot Size

2.82

Year Built

1960

Town/City

Albany

County/Region

Albany

MLS | Web ID

202527361

Features

Interior

Interior Amenities Elevator

Basement Finished Full

Flooring Vinyl Carpet

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Central Air

Possession At Closing

Zoning Commercial

Architectural Style Office

Construction Materials Steel Beam Block

Year Built 1960

Electric Three Phase

Stories Count 3

Property Subtype Office

Current Use Office

County Albany

New Construction N

Property Type Commercial Sale

HOA N

Attached Garage N

Possible Use Hotel/Motel Manufacturing Office Office Plus Office/Retail Office/Warehouse Restaurant Retail Shopping Center Warehouse Automotive Sales Fitness/Gym House of Worship Investment Laundromat Medical/Den

Status Active

Directions Central Ave to North Russell Road

City Albany

Lot Size Units Acres

Lot Size Square Feet 122839.0

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 102065.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 0

Tax Lot 4

Exterior

Parking Features Paved

Water Source Public

Total Parking 246.0

Inclusions Building & Land

Lot Size Area 2.82

Spa N

Building Area Total 65309.0

Lot Dimensions 300x389

Lot Size Acres 2.82

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 32

* Excluded Features

List By

Rudy Lynch

Listing Agent

Carrow Real Estate Services Llc

Broker

(518) 337-3705

Phone

rudy@carrowrealestate.com

Affordability Calculator

$28,516

Per Month

Monthly Principal & Interest: $20,011
Monthly Property Taxes: $8,505
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Albany, NY

Average List Price ^$1,100,366

Percent of Sale Price 66%

About Albany, NY

99,338 Population

4% Since 2002

^$44,478 Median Income

33.63 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3061716 Elementary School

3061730 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/8/2025	$3,250,000		Listed Price

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32 N Russell Road, Albany, NY, 12205 is a Commercial Property for sale at $3,250,000 with 65,309 sqft and a lot size of 2.82. 32 N Russell Road was built in 1960. The property's zip code is 12205 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 1/13/2026.

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32 N Russell Road

Commercial Property for sale in Albany, NY

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