204 Lancaster St

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204 Lancaster St

Albany, NY 12210
Asking Price
$649K
Asset Type
Executive Office Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail property spanning 4,123 square feet of functional space.
  • Available for purchase at an asking price of $649,000.
  • Located at 204 Lancaster St in the city of Albany.
  • Current interior configuration serves as an executive office suite.
  • Positioned within a prominent regional hub for government activity.

What's Special

Priced at $649,000, this 4,123 square foot retail asset at 204 Lancaster St provides a versatile commercial footprint in Albany. The property currently functions as executive office space, offering a functional layout suitable for professional services, boutique retail operations, or specialized business headquarters. Situated within the capital city of New York, this location benefits from proximity to state government hubs and the established urban infrastructure of Albany. Investors and business owners will find this an accessible entry point into the local market, supported by the density and professional activity common to the downtown business district. The existing configuration adapts well to various operational needs, whether maintaining the current office use or transitioning to a retail-facing enterprise. This facility represents a stable acquisition for those looking to establish a presence within a central Northeast corridor known for its steady government and academic-driven economy.

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NOI
$80,000
Cap Rate
12.33%
DSCR
2.08
Strong
Cash-on-Cash
21.30%
Monthly Payment
$3,210.898
Annual Cash Flow
$41,469.225

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