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201 Park Ave, Albany, NY, 12202

--beds
0baths
65,000sqft
$8,750,000
$135price/sqft
$73,549/moest. monthly cost
$2,941,960/yrincome needed

About This Home

A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.

Getting Around

85
WalkingVery Walkable
60
TransitGood Transit
34
BikeSomewhat Bikeable

Schools

4/10
Albany High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1880

Materials

  • Construction materials: Masonry - Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Features

  • Finished area above ground: 65,000

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 65,000
  • Total interior livable area: 65,000 sqft

Property

Details

  • Lease amount: 0

Features

  • Frontage length: 0

Lot

  • Lot size: 1.96 Acres