Rosetti Development Acquires Office At 968 Albany Shaker Road Latham For $7.5M
968 Albany Shaker Road
$7,500,000
Building Size
—
Asset Type
Office
Closing
Dec 1, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 968 Albany Shaker Road, situated in the Latham market. The sale was concluded for a price of $7,500,000. This office asset was previously occupied by Plug Power as its headquarters.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $7,500,000
- Buyer: Rosetti Development
- Broker: Daniel C. O'Brien - NAI
- Address: 968 Albany Shaker Road
- Market: Latham
The deal was facilitated by Daniel C. O'Brien, representing Rosetti Development, which has identified the airport corridor as a prime area for expansion opportunities following the acquisition of this property.
Players
Latham 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93