Capitol Crossings Albany, New York

Execute CA

The Offering

Address

1 Bleecker Terrace
Albany, NY

As an exclusive agent, Cushman & Wakefield and Pyramid Brokerage Company are pleased to offer for sale a fee simple interest in Capitol Crossings, a 279-unit garden-style apartment community in Albany, NY. This value-add opportunity features a proven renovation program delivering ~40% rent premiums, with 71% of units already upgraded.

Set on 14.65 acres, the property offers a suburban feel with urban access, supported by amenities such as a fitness center, BBQ areas, and ample parking. Located near major highways and economic anchors, Capitol Crossings is well-positioned to benefit from Albany’s strong job market, growing tech sector, and over $4 billion in regional investment.

Investment Highlights

• Proven Value-Add: Renovated units command ~40% rent premiums

• Strong Occupancy: 97% leased with stable cash flow

• Recent CapEx: $800K+ in upgrades including plumbing, windows, and common areas

• Prime Location: Easy access to I-90, I-87, and I-787

• Economic Growth: $4B+ in regional investment; strong “Meds, Eds & Tech” employment base

Location Map

Team

Brokerage Team

Ryan Dowd

Ryan Dowd

Managing Director
Cushman & Wakefield
+1 201 508 5278 ryan.dowd@cushwake.com
Jonathan Weinstein

Jonathan Weinstein

Upstate NY Investment Sales
Cushman & Wakefield
+1 315 720 5270 jweinstein@pyramidbrokerage.com
Robert Stewart

Robert Stewart

Upstate NY Investment Sales
Cushman & Wakefield
+1 716 852 7500 x123 rstewart@pyramidbrokerage.com
Joseph Mahoney

Joseph Mahoney

Director of Sales - Albany
Cushman & Wakefield
+1 518 859 2493 jmahoney@pyramidbrokerage.com
Michael Guerra

Michael Guerra

Senior Financial Analyst
Cushman & Wakefield
+1 201 460 3374 michael.guerra@cushwake.com