Sharon FronkRealtor® · Howard Hanna
LoadingActive
$350,000 price cut · was $3,250,000
$2,900,000
32 N Russell Road
Albany, NY 12205 · Albany County
65,309Sq Ft
2.82 acresLot Size
1960Year Built
$44Per Sq Ft
Est. P&I $14,664/moGet pre-qualified
Commercial 325 days on market
MLS# 202527361 Updated 4 days ago
Sharon’s Take
This 65,309-square-foot office building on 2.82 acres was constructed in 1960 and sits minutes from Interstate 90, Exit 5. The structure features a full finished basement, elevator, central air, and forced air heating, along with ample on-site parking. Currently 33 percent occupied with significant vacancy available, the property offers both investment and owner-use potential, supported by nearby CDTA transit access and proximity to Albany's dining, cultural institutions, and regional attractions.
Sharon Fronk · Howard Hanna Capital Region
About this property
Prime Albany Office Investment or Owner-User Opportunity! +/-65,309 SF Class B multi-tenant office building on +/-2.82 acres with 246 on-site parking spaces (4:1 ratio). Conveniently located minutes from I-90, Exit 5 (Everett Rd). Currently 33% occupied with +/-45,170 SF available for immediate use. Features include new roof (2024), passenger elevator, +/-1,600 SF residential penthouse, 3-phase/1600 AMP electrical service, MU-CH zoning, and CDTA bus access. Ideal for investors or owner-occupants seeking value-add potential. Offered at $2,900,000 ($44.40/SF).
Is it priced right?
The price signals we can read on this listing today. For a true sense of value against recent Albany sales, Sharon will pull the comparable closings and walk you through them.
Price per sq ft
$44
Days on market
325
Price reduced
$350,000
from $3,250,000
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Ask Sharon for the compsProperty details
19 facts pulled straight from the MLS listing.
Overview
Property TypeCommercial
Sub-TypeOffice
Year Built1960
Days on Market325
StatusActive
MLS Number202527361
ListedOctober 8, 2025
Interior
Living Area65,309 sq ft
Interior Features
Full Finished BasementElevatorCentral AirForced AirNatural GasVinylCarpet
Exterior & Lot
Lot Size2.82 acres
Exterior Features
Paved
Building & Construction
Construction
Steel BeamBlock
Financial
List Price$2,900,000
Price per Sq Ft$44
Est. Monthly P&I$14,664/mo
Location
CountyAlbany
Listing Details
Listed ByRudy R Lynch of Carrow Real Estate Services LLC
Data SourceSpark Platform / Global MLS
Last UpdatedAug 25, 2026
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- Start32 N Russell Road, Albany, NY 12205
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About Albany, NY
Albany is in Albany County, NY. There are currently 254 active listings here, ranging from $12,500 to $10,899,000. Priced 806% above the Albany median of $320,000.
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Sharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Carrow Real Estate Services LLC · Listed by Rudy R Lynch (21757)
Contact: 518-337-3705
MLS #202527361 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.