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.
| Listing Id: | 202622274 |
|---|---|
| List Price: | $8,750,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Living Area: | 64,934 |
| Tax Annual Amount: | $104,210 |
| Lot Size Square Feet: | 85,347.0 |
| Lot Size Acres: | 1.96 |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Postal Code: | 12202 |
| Year Built: | 1880 |
| List Agent Full Name: | Ryan Edson |
| Co List Agent Full Name: | Leah A Witko |
| Cooling: | Central Air, Wall Unit(s) |
| Lot Size Units: | Acres |
| Heating?: | Yes |
| Cooling?: | Yes |
| Basement: | false |
| State Or Province: | NY |
| Building Area Total: | 64,934.0 |
| Stories: | 5 |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 327x261 |
| Lot Size Area: | 1.96 |
| Possible Use: | Apartment Plus, Mixed Use |
| Parking Features: | Off Street, Metered |
| Current Use: | Apartment Plus, Multi-Family |
| Zoning: | Commercial |
| Documents Change Timestamp: | 2026-07-23T01:04:25Z |
| Heating: | Electric, Heat Pump |
| Directions: | Take Exit 3B to Madison then turn onto Park Avenue. |
| Listing Contract Date: | 2026-07-20 |
| Parcel Number: | 010100 76.39-3-13 |
| List Agent Key: | 20250527171510287971000000 |
| Construction Materials: | Brick |
| Water Source: | Public |
| Co List Office Key: | 20260305151510387521000000 |
| Co List Agent Key: | 20211012215501387872000000 |
| Security Features: | Fire Sprinkler System |
| Tenant Pays: | Gas, Internet, Cable TV, Central Air, Electricity, Heat, FIOS Internet, Hot Water, Water |
| Postal City: | Albany |
| Original List Price: | $8,750,000 |
| Possession: | At Closing |
| Cross Street: | Park Avenue |
| Contract Information Lease Considered: | No |
| Contract Information List Price Sq Ft: | $134.75 |
| Contract Information List Price Acres: | $4,464,285.71 |
| Property Detail Building Available Sqft: | $64,934.00 |
| Parcel Tax Hoa Total Taxes Description: | Estimated |
| Building Detail Fire Sprinkler System Yn: | Yes |
| Building Detail Building Ceiling Height: | 12 |
| Number Of Buildings: | 1 |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Architectural Style: | Apartments, Commercial |
Listing Courtesy of: Realty One Group Key
Listing Agent: Ryan Edson
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
