Jankow Companies Acquires Omni Plaza Office Complex In Albany For $10.1 Million
30 South Pearl Street & 54 State Street
$10,100,000
$12/SF
Building Size
415,000 SF
Asset Type
Office
Closing
Sep 3, 2026
About this deal
AI
An office and development site located at 30 South Pearl Street & 54 State Street in Albany has been sold for $10,100,000. The property spans a total of 415,000 square feet, with a price per square foot of $24.
Summary of transaction details:
- Property Type: Office & Development Site
- Transaction Amount: $10,100,000
- Address: 30 South Pearl Street & 54 State Street
- Market: Albany
- Square Footage: 415,000
- Price Per Square Foot: $24
- Buyer: Jankow Companies
- Seller: Omni Development
- Brokers: Michael Hunter Coghill & Jacob Brenner - Adirondack Capital Partners
Adirondack Capital Partners facilitated the sale of Omni Plaza, an office complex in downtown Albany, representing both buyer and seller in this transaction.
Players
South Hero Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93