Downtown Albany Portfolio Albany, New York

As exclusive agent, Cushman & Wakefield and Pyramid Brokerage Company are pleased to offer a 100% fee interest in the Downtown Albany Portfolio (the “Portfolio”) for sale.

This portfolio offering presents the opportunity to acquire 261 apartments plus +/- 95,000 SF of commercial space across 5 properties concentrated in the heart of downtown Albany. All the properties are located within a 2-block radius allowing for efficient management and operational savings.

Sitting along the Hudson River and Interstate 787, Downtown Albany is the commercial center of New York’s state capital. This bustling urban destination is home to an array of historic landmarks, community green spaces, lively bars, delicious restaurants, and intricate theatres. The MVP Arena a local attraction that serves as an entertainment hub for hockey, basketball, ice shows, concerts, and more. Nearby is the City Beer Hall, the New York State Capitol, and the Egg, a performing arts theater.

A $400 million investment in Albany from Governor Hochul is fully committed and set to significantly enhance the city’s appeal, particularly for downtown development. The plan includes $200 million for public safety initiatives, revitalizing vacant buildings, reinvigoration of commercial corridors, and upgrades to open spaces, making downtown Albany more vibrant and livable. The $150 million earmarked for the state museum’s revamp will further enrich the cultural landscape, drawing more visitors and potential residents. This comprehensive investment is poised to further transform Albany into an even more thriving urban center, making it an attractive location for apartment living and investment.

Investment Highlights