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.
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Listing Snapshot
Price
$8,750,000
Days On Site
50 Days
Bedrooms
N/A
Inside Area (SqFt)
64,934 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.96 Acres
Year Built
1880
MLS® Number
202622274
Status
Active
Property Tax
$104,210.06
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
2 months ago
Listing first seen on site
2 months ago
Listing updated with changes from the MLS®
General Features
Acres
1.96
Additional Property Use
Multi-Family
Cross Street
Park Avenue
Parking
Off Street
Property Sub Type
Multi Family
Security
Fire Sprinkler System
Sewer
Public Sewer
SqFt Total
64934
Style
Commercial
Utilities
Sewer Connected
Water Source
Public
Zoning
Commercial
Interior Features
Cooling
Central AirWall Unit(s)
Heating
ElectricHeat Pump
Interior
Built-in FeaturesHigh Ceilings
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Exterior Features
Construction Details
Brick
Listing courtesy of Ryan Edson of Realty One Group Key
Listing information is provided by Participants of the Global MLS. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Copyright 2026, Global MLS.
Last checked: 2026-09-09 09:13 PM UTC
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