705 BroadwayAlbany, NY 12207

  • Hospitality properties
  • 106,352 SF
For Sale
$3,900,000 View listing

Property Details for 705 Broadway

Year built
2020
Lot size
1.24 AC
Property size (Sq ft)
106,352 SF
Zone code
C3
Property type
Hospitality properties
Property subtype
Hotels
APN
010100 76.27-1-18.1
APU
1010076271181

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $30,008,132
    6.5%
    $27,699,814
    7%
    $25,721,256
  • Comparable approach

    Method
    Valuation
    Relative Method
    $32,874,988
    Geo Method
    $32,655,488
  • Alternative Use

    Use
    Valuation
    Residential
    $30,240,150
    Hospitality
    $27,699,814
    Educational
    $23,045,920
    Medical
    $23,838,504
    Retail
    $35,849,208
705 Broadway, Albany, New York
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Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.6547
Longitude
-73.748
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $1,665,000
  • Assessed land value
    $500,000
  • Assessed value
    $2,165,000

FAQs

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