Summary
The county will sell its 60 South Pearl Street building to developers for $1.7 million — above the $1.4 million appraisal — with Probation relocated within a year. Legislators questioned why only one bid came in amid a weak commercial market.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 29, 2026.
Impact analysis
$1.7 million in sale proceeds to the county.
County taxpayers, who receive above-appraisal value for surplus property.
Mentions & discussions (3)
Audit and Finance Committee — October 29, 2026
Five separate conveyance actions were on the agenda for city parcels on First Street, Quail Street, Alexander Street, and Spruce and Elk Streets, plus a public auction listing. Getting tax-exempt county land back on private rolls can broaden the tax base and return properties to use.
Audit and Finance Committee — July 30, 2026
Eleven county-owned parcels, including a long-troubled Franklin Street cluster, go to the Land Bank for redevelopment, and 238 Second Street goes to a homelessness nonprofit for a nominal fee.
Audit and Finance Committee — January 29, 2026
The county will sell its 60 South Pearl Street building to developers for $1.7 million — above the $1.4 million appraisal — with Probation relocated within a year. Legislators questioned why only one bid came in amid a weak commercial market.
Related development
106 South Pearl Street Development
The site stays in limbo — bus carriers need a new home by April 2027, and the county has $650,000 invested with no active redevelopment plan.
Conveyance of Various Parcels to Albany County Land Bank
The Land Bank gets legal protections the county lacks to redevelop long-vacant, environmentally complicated properties.
60 South Pearl Street disposition
County offloads a surplus downtown building at above-appraisal value; the buyer redevelops it privately.
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