201 Park Avenue Albany, NY ^$ 8,750,000

201 Park Avenue

^$ 8,750,000

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Recently Listed

201 Park Avenue

Albany, NY, 12202

^$ 8,750,000

Bedrooms-- Baths-- Sq 64,934

Monthly Estimate*

^$ 55,248

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Commercial Property for sale in Albany, NY

for $8,750,000. This 64,934 square foot building was built in 1880 on a lot size of 1.96.

A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.

Commercial Active

Price

^$ 8,750,000

Property Type

Commercial

Taxes

^$ 104,210

Style

Commercial

Lot Size

1.96

Year Built

1880

Town/City

Albany

County/Region

Albany

MLS | Web ID

202622274

Features

Interior

Interior Amenities Built-in Features

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

General

Sewer Public Sewer

Heating Electric Heat Pump

Cooling Central Air Wall Unit(s)

Possession At Closing

Zoning Commercial

Architectural Style Commercial

Security Features Fire Sprinkler System

Construction Materials Brick

Year Built 1880

Tenant Pays FIOS Internet Heat Hot Water Internet Water Cable TV Central Air Electricity Gas

Stories Count 5

Property Subtype Multi Family

Current Use Apartment Plus Multi-Family

County Albany

New Construction N

Property Type Commercial Sale

HOA N

Attached Garage N

Possible Use Apartment Plus Mixed

Status Active

Directions Take Exit 3B to Madison then turn onto Park Avenue.

City Albany

Lot Size Units Acres

Lot Size Square Feet 85347.0

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 104210.06

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Concessions No

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 0

Tax Lot 13.000

Exterior

Parking Features Metered Off Street

Water Source Public

Total Parking 0.0

Lot Size Area 1.96

Number of Buildings 1

Spa N

Building Area Total 64934.0

Lot Dimensions 327x261

Lot Size Acres 1.96

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 201

* Excluded Features

List By

Ryan Edson

Listing Agent

Realty One Group Key

Broker

(518) 728-1511

Phone

RyanPEdson@gmail.com

Affordability Calculator

$63,933

Per Month

Monthly Principal & Interest: $55,248
Monthly Property Taxes: $8,684
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 6.49% 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 ^$1,224,743

Percent of Sale Price 86%

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
7/21/2026	$8,750,000		Listed Price

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201 Park Avenue, Albany, NY, 12202 is a Commercial Property for sale at $8,750,000 with 64,934 sqft and a lot size of 1.96. 201 Park Avenue was built in 1880. The property's zip code is 12202 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 7/28/2026.

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201 Park Avenue

Commercial Property for sale in Albany, NY

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