About This Home

This 0-bedroom, 3-bathroom commercial at 662 Central Avenue in Albany, NY is listed for $324,000 ($109 per sqft). Built in 1975, the home offers 2,968 sqft of living space on a 0.05 acres lot.

Key Features

  • Built in 1975
  • 0.05 acre lot

Property Details

3 full
1975

Amenities

A/C
Listing Description

Two adjacent buildings, one Central Avenue opportunity. 662 Central Avenue is a three story mixed use building on Albany's primary commercial artery, with more than 24,000 vehicles passing daily and CDTA's busiest transit line at the door. The ground floor is the longtime home of Caffe Italia Ristorante, one of the corridor's best known restaurant addresses.

With most equipment removed, it is a clean slate for the next restaurant or retail concept. Two one bedroom apartments above provide residential income. Offered together with the adjacent two family at 664 Central Avenue, the package combines four apartments and ground floor commercial space on side by side parcels in a dense, walkable neighborhood. A rare value add assemblage for an experienced investor.

Monthly Cost Estimate

$1,733/mo

20% down · 6.5% · 30 years

Principal$234
Interest$1,404
Insurance$95

Estimates only. Actual payments may vary.

Location

662 Central Avenue

Albany, NY 12206

Property Details

Construction

Brick

Heating

Natural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 3-bathroom commercial at 662 Central Avenue is listed at $324,000 ($109/sqft). The estimated monthly payment is $1,733 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1975, 0.05 acre lot.

This property is listed by Philip Sabatino.

PS

Philip Sabatino

License 10401299525

Agent at Howard Hanna Real Estate Services

Listed by Howard Hanna Real Estate Services · Broker phone: (518) 348-7100 · Broker website

MLS# 202629307· Source: Global MLS, Inc.· 1 day on PropertySimple

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

662 Central Avenue, Albany, NY 12206

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