261 Central Avenue Albany, NY ^$ 2,199,000

261 Central Avenue

^$ 2,199,000

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Recently Listed

261 Central Avenue

Albany, NY, 12206

^$ 2,199,000

Bedrooms-- Baths-- Sq 5,952

Monthly Estimate*

^$ 13,885

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Commercial Property for sale in Albany, NY

for $2,199,000. This 5,952 square foot building was built in 1930 on a lot size of 0.05.

Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

Commercial Active

Price

^$ 2,199,000

Property Type

Commercial

Taxes

^$ 17,073

Style

Mixed Use

Lot Size

0.05

Year Built

1930

Town/City

Albany

County/Region

Albany

MLS | Web ID

202622391

Features

General

Sewer Public Sewer

Heating Electric Heat Pump

Cooling Central Air Wall Unit(s)

Possession At Closing

Zoning Commercial

Construction Materials Block Brick

Year Built 1930

Tenant Pays Heat Internet Cable TV Central Air Electricity

Stories Count 3

Property Subtype Mixed Use

Current Use Apartment Plus Mixed Use Office warehouse

County Albany

New Construction N

Property Type Commercial Sale

HOA N

Attached Garage N

Possible Use Apartment Plus Investment Multi-Family

Status Active

Directions Down Central Avenue in Albany

City Albany

Lot Size Units Acres

Lot Size Square Feet 2222.0

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 17073.23

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 66.001

Interior

Flooring Vinyl Laminate

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Metered Off Street

Water Source Public

Total Parking 0.0

Lot Size Area 0.05

Number of Buildings 3

Spa N

Building Area Total 5952.0

Lot Dimensions 32.9X67.5

Lot Size Acres 0.05

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 261

* Excluded Features

List By

Ryan Edson

Listing Agent

Realty One Group Key

Broker

(518) 728-1511

Phone

RyanPEdson@gmail.com

Affordability Calculator

$15,307

Per Month

Monthly Principal & Interest: $13,885
Monthly Property Taxes: $1,423
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 44%

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
7/22/2026	$2,199,000		Listed Price

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261 Central Avenue, Albany, NY, 12206 is a Commercial Property for sale at $2,199,000 with 5,952 sqft and a lot size of 0.05. 261 Central Avenue was built in 1930. The property's zip code is 12206 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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261 Central Avenue

Commercial Property for sale in Albany, NY

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