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Melissa J. Wakin Mostert
Licensed Associate Real Estate Broker
REALTOR®

402 Broadway, Albany, NY 12207

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Property Description

Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move. The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more. Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!

402 Broadway | MLS# 202615134

This multi-family property located at 402 Broadway, Albany, NY 12207 is currently listed for sale with an asking price of $750,000. Broadway is located within the Albany school district. Search Albany real estate on melissa-wakinmostert.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Interior Entry, Other
Cooling: Central Air
Heating: Forced Air, Other, Natural Gas
Home Style: Other
Lot Size: 0.03 Acres
Roof Type: Flat
Taxes: $5,364
Year Built: 1880

Feature Descriptions

Days on Site: 7
Exterior: Brick
Exterior: None
Fencing: None
Flooring: Laminate
Interior: Other, Crown Molding
Laundry: Laundry Closet
Parcel #: 010100 76.42-3-38
Parking: Other
Parking Total: 0
Patio/Porch: None
Security: Fire Sprinkler System, Other, Carbon Monoxide Detector(s)
Sewer: Public Sewer
Special View Info: City, Downtown
SQFT Above Grade Finished: 3796
Structures: None
Water: Public

Local Schools

High School: Albany
School District: Albany

Estimate Your Payment

Estimated Payment

$ 2,334.92 per month $1,669.17 Principal & Interest $447.00 Property Tax $218.75 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Miranda Real Estate Group Inc
Agency Phone: 1 518-356-1701

Shown By

Agent Name: Melissa J. Wakin Mostert
Agent Phone: (607) 434-7048 Cell
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/23/2026. The listing information on this page last changed on 04/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/23/2026 12:00:33 AM EST) or Global MLS (last updated Wed 04/22/2026 11:52:10 PM EST) or New York State Alliance MLS (last updated Wed 04/22/2026 11:58:42 PM EST) or Hudson Valley Catskill Region MLS (last updated Wed 04/22/2026 11:51:18 PM EST) or OneKey MLS (last updated Wed 04/22/2026 11:53:13 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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