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.
On the Map
$10,100,000
$12/SF
Office
View full map
Players
South Hero Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Hunter Coghill to view all their deals.
Browse South Hero office sales on Traded.
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