For sale
$4,799,000
Multifamily property
16,590 SF building60 acres lot
$289/SF (asking price ÷ building area)
- Parking reported
341 86thBrooklyn, NY 11209
Listing courtesy of BINAH REALTY SERVICES LLC · MyStateMLS #11781509
For saleReduced $260,000 from $8,750,000
$8,490,000
65,000 SF building1.96 acre lotBuilt 1880
201 Park AveAlbany, NY 12202
Multifamily property · MLS 11896413 · Listed 106 days ago (Jul 21, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
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.
Description provided by the listing brokerage.
Key facts
- Asking price
- $8,490,000
- Original list price
- $8,750,000
- Status
- For sale
- Property type
- MultifamilyFrom the MLS property class
- Building area
- 65,000 SFSource field LivingArea
- Land area
- 1.96 acresSource field LotSizeAcres
- Year built
- 1880
- MLS number
- 11896413
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $8,490,000
- Price per SF of building
- $131/SFAsking price ÷ 65,000 SF reported building area
- Annual taxes
- $104,210
Building and site
- County
- Albany County
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Albany or multifamily property in Albany.
Why this listing is on Commercial Only
- Multi-unit income property class. (PropertyTypeDetail: multi-5-plus)
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Price and status history
- Original list price reported by the brokerage: $8,750,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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- Parking reported
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Listing courtesy of NEUHAUS REALTY INC · MyStateMLS #11692025
For sale
$10,995,000
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8,250 SF building2.7 acres lot
$1,333/SF (asking price ÷ building area)
7 Cross RdRemsenburg, NY 11960
Listing courtesy of Compass · MyStateMLS #11675003
Guides
Listing courtesy of REALTY ONE GROUP KEY. Listing agent: Leah Witko. Listings provided by MyStateMLS.
Listing last modified at the source Oct 12, 2026, 2:37 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 1:01 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.